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.
Yes, well the world bank doesn't want to loan TANESCO more...
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