President John Magufuli will lead the nation to receive the sum, born out of the successes of his government's bold measures to review mining contracts and enact laws that protect the country's natural resources.
According to the statement released yesterday by CCM Secretary for Ideology and Publicity, Humphrey Polepole, the Head of State will receive the money, which will be channelled to various development projects for the benefits of all Tanzanians.
On
Finance and Planning Minister, Dr Philip Mpango received the payment, on behalf of the Tanzanian government, from Mr
Upon receiving the initial payment, Dr Mpango, revealed that the parties had also agreed on the payment schedule for the remaining
According to the schedule, the initial payment would be followed by five annual payments of
The Barrick inherited a dispute from its subsidiary
Last year, the two sides signed a deal to settle a long-running tax dispute, including the
As part of the historic agreement, the two sides also formed a jointly owned
The dispute originally involved
Recently, the government refuted a report that was aired by a foreign media outlet that there is a breach of agreements with
The British Broadcasting Corporation (BBC) claimed during the 'Dira ya Dunia' programme that there was a breach of agreement between the Tanzanian government and
The report suggested that in 2017, the Barrick and
The report further claimed that the terms are now being violated by the agreements signed in 2019.
Responding to the report, Government
He said in 2017 they signed a statement of undertaking that paved a way for the two parts to begin the negotiations, so it is not true that they agreed on the money to be paid.
"It was not true that Barrick committed to pay a lump sum of
According to him, the money would be paid in three phases and not seven phases as it was reported by
"As we all know that
According to a statement released yesterday, Mr Polepole said that President Magufuli, who seeks reelection for his second term, will proceed with campaign rallies this week in Dar es Salaam.
He said today, Dr Magufuli will hold an historical campaign rally at Kinyerezi Mwisho in Segerea Constituency. The rally is scheduled to commence at
"We invite all residents to attend the campaign rally so that they can hear the ruling party policies and understand what the fifth-phase government has done in the past five years and the plans for the coming five years as highlighted in the 303-page manifesto," he said.
He added that tomorrow, Dr Magufuli will continue with his campaigns at Mburahati Barafu grounds in
"We invite all people to attend these rallies so that we can listen to the plans for transforming our city and bring about development for all," he explained.
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