Power outages, water shortages and transport disruptions are costing Tanzanian firms up to $668 million in losses annually.
A new report, which is based on a the World Bank Group’s Sustainable Infrastructure Series, says that of this amount, power is responsible for losses of $216 million a year.
The report provides a detailed assessment of the cost of disruptions from natural and manmade hazards to firms and households around the world.
It says that disruptions to transport in Tanzania cause an average loss of $325 million, more than half of which is attributable to rain and floodwater.
Surprisingly, the two factors do not have such a significant impact on water supply disruptions costing up to $127 million in annual losses.
The report focuses on four main areas—power, water and sanitation, transport, and telecommunications—that it singles out as being vulnerable to natural hazards.