Tanzania, Feb. 15 -- Tanzania is suffering from the worst power blackouts on record. People used to complain about a few hours of power cuts in weeks, but now they are forced to go for 24-hour-long blackouts, even twice per week.

The situation has been worsening with time and it is certain that the political risk for the government due to these power cuts is increasing by the day.

The government has blamed insufficient power generation for the ongoing blackouts. For the past decade, while demand has grown significantly (I conservatively estimate it to be 5 to 10 times), supply has not increased one iota.

It is a catastrophic failure in leadership, but at least the government has finally come clean about the real cause of the problem: i...