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News stories, page-50

  1. GoNuke
    5,753 Posts.
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    08/03/17
    19:33
    Post #: 23196449
    Yes, well the world bank doesn't want to loan TANESCO more money...and who could blame them! It's estimated that TANESCO's debt is around $300Mil.

    The IMF even recommended higher tariffs which the president have ignored.

    http://www.africanews.com/2017/01/0...utility-tariff-hike-fires-head-of-power-firm/

    https://www.bloomberg.com/news/arti...ebacle-casts-shadow-over-12-billion-debt-plan

    This is the guy we have to do a deal with for a PPA and power station?
    Beginning to see the sovereign risks of African countries like Tanzania.
    IEC Price at posting: 1.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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