Tanzania to fight order to pay foreign investor $109.5 million

Attorney General, Dr Eliezer Feleshi. PHOTO | FILE

Dar es Salaam. The government said yesterday it will appeal against a recent ruling by the International Centre for Settlement of Investment Disputes (ICSID), which ordered the country to pay an Australian firm, Indiana Resources Limited (IDA), $109.5 million.

“We are proceeding with appeal and other communication processes,” Attorney General Eliezer Feleshi told The Citizen’s sister paper, Mwananchi, yesterday.