ISDS Case Map
Tanzania
Seatini said East African countries should find alternative ways to finance development projects rather than depend on public-private partnerships and bilateral investment treaties, which have cost the region dearly.
The UK-Eastern and Southern Africa (ESA) Trade Continuity Agreement is meant to replicate the Economic Partnership Agreement that the East African Community is yet to sign with the European Union.
Tanzania has embarked on process of regulation of its foreign investment regime by enacting legislation, which exclude international arbitration.
The discussion on the EPA took place during the East Africa Community summit, with Tanzania insisting that it must be allowed more time to send experts to EU headquarters in Brussels, Belgium, to present its grievances.
Since 2017, the country has shown a hostile attitude towards international arbitration.
Tanzania is currently facing 13 cases on investment disputes in various international courts with $185.58 million (about Sh426 billion) demanded.
Acacia threatened in October to use a bilateral investment treaty to force direct negotiations with Tanzania after Barrick failed to settle the row that has rumbled on for more than a year and a half.
Tanzania has terminated its Bilateral Investment Agreement with the Netherlands that East African and Dutch civil society had said was biased against the country.
Tanzania is urged to review the 15 years Bilateral Investment Treaty (BIT) with the Kingdom of Netherlands expires in April 2019 before it reckons itself for another 10 years.
Tanzania has moved to ensure that investor disputes are resolved locally after Attorney General Adelardus Kilangi pushed through parliament the Public Private Partnership (Amendment) Bill, 2018.
