Botswana’s power utility lifts tariffs by 10%

The Botswana Power Corporation (BPC) said on Thursday it had increased electricity tariffs by 10% as the loss-making utility tries to recover costs. BPC has made operating losses for years due to high import costs, non-performing assets and operational inefficiencies. That has made the company reliant on government subsidies to stay afloat, but it is now slashing costs as part of a turnaround plan.