Tanzania, British developer head back to ICSID after stalled talks

Dar es Salaam.  Tanzania and British developer Pennyroyal Limited could find themselves back to the International Centre for Settlement of Investment Disputes (ICSID) after talks between the two parties failed to yield an agreement.

Although the specifics of Pennyroyal’s demands remain unclear, the project in question, was originally valued at $1.6 billion (approximately Sh4 trillion) upon completion.