Shift Sh1.4tr Tanesco debt to government, says PIC
What you need to know:
A Parliamentary Committee now wants the government to shoulder loans for the state-owned power utility firm, Tanesco, amounting to a staggering Sh1.39 trillion.
Speaking during a tour of Tanesco’s Kinyerezi plants in Dar es Salaam on Monday, the Public Investments Committee (Pic) chairman, Dr Raphael Chegeni said Tanesco’s debts were huge and a burden to it, proposing that the government should shoulder the loans’ repayments.
