Pennyroyal Ltd, the developer of the Blue Amber Resort, has filed a claim against Tanzania at the International Centre for Settlement of Investment Disputes (Icsid) for allegedly breaching its bilateral investment agreement with the UK, over the move to cancel its property development lease.
The High Court of Zanzibar has temporarily stopped the Isle’s minister for Land and Housing Development from interfering with the ownership of 411 hectares of land owned by Pennyroyal Limited.
ORGANIZERS of Sauti za Busara, the globally renowned African music festival that takes place in Stone Town, Zanzibar each February, yesterday announced the lineup for what promises to be a memorable 20th edition slated to take place in 2023.
The first Blue Amber Zanzibar residential units, set to be completed by December 2022, will offer investors architecturally designed pool villas with a choice of 2,3 or 4 bedrooms