Tanzania: Firm Loses Appeal On Sh700 Million Debt

THE Court of Appeal has dismissed the appeal lodged by Dar es Salaam Region CCM Chairman, Ramadhani Madabida and four others contesting payments of over 699m/- debt to Stanbic Bank Tanzania Limited.

"We firmly agree with the findings of the trial judge and come to the considered conclusion that this appeal is devoid of merits. It is dismissed in its entirety," Justices Steven Bwana, Semistocles Kaijage and Kipenka Mussa, ruled.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.