Originally asking for a 150% increase, the Energy & Water Utilities Regulatory Authority of Tanzania (Ewura) was granted an electricity price hike of 42.29%.
The cost of production is expected to be affected drastically with the Institute of Management and Entrepreneurship Development (IMED) CEO Dr. Donath Olomi saying that some existing manufacturers could be forced to shut down production while investments in the country’s sector could also take a dive. "I believe 2012 will be a difficult year, much harder than 2011. The situation could be worsened by the anticipated rain floods this year," he said.
The power tariff became effective January 15.
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