Lungu said poor rainfall in 2015 and early 2016 caused electricity generation to drop by 3.3 percent last year. A further 38.9 percent was expected in 2016.
… power generation in countries such as Zambia and Zimbabwe [is] expected to return to normal only in three years
“The effects of these developments are expected to take long to moderate with power generation in countries such as Zambia and Zimbabwe expected to return to normal only in three years,” Lungu at the opening of an African Development Bank (AfDB) meeting.
The power deficit has hit mining and agriculture, pegging back 2015 economic growth to 3.2 percent against a target of 7 percent.
Growth this year is now seen at 3.5 percent, lower than the 7 earlier projected percent, Lungu said.
Understand Africa's tomorrow... today
We believe that Africa is poorly represented, and badly under-estimated. Beyond the vast opportunity manifest in African markets, we highlight people who make a difference; leaders turning the tide, youth driving change, and an indefatigable business community. That is what we believe will change the continent, and that is what we report on. With hard-hitting investigations, innovative analysis and deep dives into countries and sectors, The Africa Report delivers the insight you need.
View subscription options