Wednesday, 1 March 2017

[Tanzania-English]Hefty fines for ‘Viroba’ defiance

THE ban on sachet-packed liquor popularly known as ‘Viroba’ starts today. And, heavy penalties of up to three years imprisonment or fines amounting to 5m/- or both will be imposed on those found consuming, distributing or producing the hard liquor packed in plastic sachets. However, five producers of the liquor have filed a case with the High Court in Dar es Salaam in a bid to prevent the implementation...

[Tanzania-English]High Court stops Bank from enforcing 300bn/- award

THE High Court yesterday stayed the proceedings for enforcement of award by the International Centre for Settlement of Investment Disputes (ICSID), requiring the Tanzania Electric Supply Company Limited (TANESCO) to pay Standard Chartered Bank (Hong Kong) Limited (SCBHK) over 330bn/-. That was after Judge Ama Munisi took into consideration submissions presented by Advocate Majura Magafu for TANESCO,...