Wade’s son focuses on Senelec crisis, fuel supplies
Issue 203
- 18 Feb 2011
| 3 minute read
Faced with soaring debt and fuel procurement problems at state power company Senelec, presidential son Karim Wade’s super-ministry has drawn up another recovery plan for the troubled utility. Losses of around CFAF60bn ($121m)/yr mean that Senelec is now saddled with CFAF286bn of debt. At current world oil prices,
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