Tanzania’s energy regulator on Thursday approved an electricity price increase of 40.29 per cent for the loss-making Tanzania Electric Supply Company, which had sought 155 per cent tariff increase to revive profit margins and offset rental charges from independent power producers.
The tariff increase takes effect from January 15, but the Energy and Water Regulatory Authority said it would review power prices again after six months.
In Uganda, the government also on Thursday abolished electricity subsidies paid to power generators to cushion consumers, a move that will see tariffs rise by an average of 42 per cent. The new tariffs will be effective from January 15.
Electricity prices in Kenya are also anticipated to rise by an average 26 per cent should the Energy Regulatory Commission (ERC) grant sole distributor Kenya Power the authority to increase tariffs.
http://www.businessdaily...8/-/5c3m47/-/index.html

Jonathan bows to pressure and drops fuel prices.
http://www.bbc.co.uk/news/world-africa-16571637

But Goodluck (ahem) to him as he attempts to pacify a deeply divided nation

Grecian officials jet to US to meet IMF as a disorderly default looms...

http://www.reuters.com/a...ce-idUSTRE80F0H120120116

[quote=hisah]Hmmm... This Jan 16th. Testy this one...

http://www.occupydream.org/wiki/J16[/quote]


Yesterday....

http://www.nbcnewyork.co...-King-Day-137421133.html

Coca-Cola Retains Title as World’s Most Valuable Brand

http://www.bloomberg.com...luable-brand-table-.html

Hackers continue into 2012...

http://techland.time.com...line-stock-market-sites/

Interesting time for WB to state that euroland is in a recession and this will affect the global econ outlook. Also warns developing economies to prepare for the worst. I hope they're not saying the truth since this is unacceptable after we got used to living in denial & endless bailouts aka QEs...

http://www.bloomberg.com...s-emerging-markets.html

Update - And here the UN also states the same. This announcements are too timely...

http://www.chinadaily.co.../18/content_14464788.htm

Developing world to prepare for shocks

The World Bank has slashed its growth forecasts, and is now predicting a 0.3% contraction for the eurozone in 2012.

"Developing countries need to evaluate their vulnerabilities and prepare for further shocks, while there is still time," said World Bank chief economist Justin Yifu Lin.
"This time, going in, [developing countries] will be in much better condition than high income countries, but that said, we are concerned," he said.

Andrew Burns, manager of global macroeconomics at the World Bank, told the BBC there was a danger that the downturn could be longer lasting than the one which followed the collapse of Lehman Brothers in 2008.

"They are going to be operating in a situation where the high income countries aren't going to be able to offer the same type of counter fiscal policy and the same type of support to the financial system as they did in 2008/9."

http://www.bbc.co.uk/news/business-16602033