Namibia: Nampower Requests ‘Inflation Fuelling’ Price Hike

Namibians will soon find out if they are going to have to fork out more of their hard-earned dollars, just to keep the lights on. This is after Namibia Power Corporation requested a 16.87% increase in electricity tariffs for the 2023/24 year.

If approved, an increase in electricity prices could drain pockets, and according to a local stock brokerage, push up already high inflation.

NamPower’s request for a tariff increase was confirmed on Friday by Electricity Control Board (ECB) spokesperson…