He argued that this move is necessary to protect the islands of Zanzibar by managing the influx of people, which has reached a point where housing is becoming scarce.
The election will take place on May 6, 2024, and end a three-year transition period led by Mahamat Déby after the sudden death of his father in April 2021.
The hearing of an appeal by Equity Bank Tanzania Limited and Equity Bank Kenya Limited challenging a High Court judgement that favoured State Oil company stalled after the Court of Appeal raised some grounds about the legality of the trial proceedings.
Highlighting the bank’s role in arranging major credit facilities, the bank’s director for corporate and investment banking, Mr James Meitaron cited examples like the $200 million credit facility to the government of Zanzibar and financial lead arrangements for municipal bonds