Tanzania: TANESCO asks World Bank for $200M to clear debts

[iArmaniAdamson]

after reading this report, World Bank will be reluctant, they might want first increase power tariffs, it will be unfair to just ask for WB to write off debts if we dont show willingness to tightening spiraling debt.

nevertheless, we can always pursue/ask for lenience.

Tanzania: Tanesco asks World Bank $200M to clear debts

- Wednesday, 18 January 2017 - 12:15


(Ecofin Agency) - Tanzania announced it is in talks with the World Bank over a $200 million loan to clear Tanesco’s debt and revive the power utility. The company’s debt stood at $363 million in 2016, against $250 million the year before.

The news comes after Tanzania’s president, John Magufuli, cancelled the increase (+8.53%) of power tariffs approved by the energy and water utilities regulatory authority (Ewura) last Dec. 31, 2016. Judging the measure anti-industrialization, the leader had in fact let go of Felchesmi Mamba, Tanesco’s director.

Despite many experts suggesting that the World Bank could ask, in exchange for the loan, Tanesco to increase electricity tariffs to cover its energy production costs, the government said “there is no agreement with the World Bank in this regard”.

 

[boma2000]

Mkuu BAK Asante..

Kwa hiyo flow uliyotupa, naweza kusema kwa kifupi tu..
Serikali ndio IMEIMALIZA Tanesco.

Na kuna viongozi wengi sana wa serikali wamekuwa MAMILIONEA kwa kulimaliza Tanesco.

It is true, Mawaziri wakuu, Mawaziri, Makatibu wakuu, Wakurugenzi, Chief Secretary, Board Members, Wabunge etc.

 

[Wacha1]

Swala la umeme limekuwa hadithi lakini kama unavyofahamu members wengi humu wanachangia kuangalia matumbo yao na si maslahi ya Watanzania wote. Heko JPM kwa kazi nzuri Mungu akulinde.

Hapa Kazi Tu - JPM​

 

[Wacha1]