Tanzania agrees to pay Indiana Resources Sh237 billion over Ntaka Hills dispute

What you need to know:

  • Tanzania has agreed to pay a total $90 million in settlement of the ICSID dispute  sum represents 82.5 percent of the original amount of the ICSID Award of $109 million
  • Settlement sum to be paid in three instalments: $35 million already paid, $25 million on or before 25 October 2024 and $30 million on or before 30 March 2025