My Take: Hizi kampuni za Matapeli zipigwe marufuku na Wale Wanaoshirikiana Wasakwe Popote Nchini Ili Wafurushwe hata kama Ni Watanzania.
Huu umegeuka ni upuuzi na dili za Vibaraka wa Mabeberu 👇👇
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The shadow of investment disputes still looms over the Tanzanian government as Aqua Power Tanzania Limited, a company registered in Mauritius, has initiated legal proceedings seeking over $500 million (Sh1.3 trillion) in compensation.
Aqua Power Tanzania Limited, a company registered in Mauritius, has initiated legal proceedings seeking over $500 million (Sh1.3 trillion) in compensation from the Tanzanian government.
Aqua Power, headquartered in Ebene, Mauritius, has filed an investment dispute against the Tanzanian government at the International Centre for Settlement of Investment Disputes (ICSID) in Washington.
The company, which specialises in electricity production using various energy sources, claims to have faced discrimination from the government, including being denied an investment license in the energy sector.
In its arbitration claim, Aqua Power is seeking $500 million (Sh1.3 trillion) for lost business over the past four years and for the value of its current projects in Tanzania.
If awarded, this amount would be the largest compensation claimed by any company in a Tanzanian investment dispute to date.
According to documents reviewed by The Citizen, Aqua Power submitted its request for arbitration to the Secretary-General of ICSID on September 17, 2024, through its legal counsel, Natasha Paray.
The Citizen