Tanzania: Tanesco Losing $5 Million a Month Due to Low Tariffs

Nairobi — The Tanzania Electric Supply Company (Tanesco) has been losing an average of Tsh6.4 billion ($5.1 million) a month for the past nine months running after the energy regulator dropped its bid to raise tariffs.

Tanesco managing director Dr Idris Rashidi told The EastAfrican the firm's audited accounts for last year show that it is incurring heavy losses.

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