Tanzania to fight order to pay foreign investor $109.5 million
The Tanzanian government has been ordered by the International Centre for Settlement of Investment Disputes, a World Bank tribunal, to pay $109.5 million (Sh265 billion) as compensation for breach of obligation to a foreign investor. Dar es Salaam. The government said yesterday it will appeal against a recent ruling by the International Centre for Settlement of Investment Disputes (ICSID),…