Africa Matters

How Tanzania can avoid hefty claims by aggrieved investors

Giving his views on the matter, a member of the Lawyers’ Environmental Action Team (Leat), Mr Clay Mwaifani, advised the Government to start a process of reconciliation with all those whose investments were affected during the Magufuli regime. Dar es Salaam. One day after the government said it would appeal a recent by the International Centre for Settlement of…

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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),…

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