Kapito dares Escom on plans to hike electricity tariffs: ‘Malawi faces economic turmoil’
Consumer Rights Activist John Kapito has challenged ESCOM on their proposal to Malawi Energy Regulatory Authority ( MERA) that it want to hike its tariffs by 60 per cent.
Kapito said ESCOM should not to raise their tariffs because it will be a burden to many consumers.
Many Malawians have also echoed Kapito’s sentiments that they are ready to go into the streets against ESCOM because their wish is a not justifiable because the country has been experiencing power ooutage.
MERA confirmed to have received the application from ESCOM which will see an effectual 58% increase in electricity from January 1, 2014 if it is approved by MERA.
Meanwhile, the Centre for Social Concern (CfSC) has said in a media statement that Malawi risks serious economic problems, including forex and fuel shortages which characterised the country towards the end of the late Bingu wa Mutharika’s rule between 2010 and April 2012.
CfSC social conditions research programme officer Alex Nkosi noted that Malawi lies vulnerable in the wake of the current freeze of foreign aid.
The Common Approach to Budgetary Support (Cabs)—the United Kingdom (UK), Norway, Germany, the African Development Bank (AfDB), the European Union (EU) and the World Bank with the International Monetary Fund (IMF) and the United Nations Development Programme (UNDP) participating as private observers—announced on Thursday the withholding of $150 million (about K60 billion), due to financial mismanagement that has rocked Capital Hill.
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