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Zanzibar Lets Down Aga Khan On Expansion Of Serena By Leasing Prime Real Estate On Forodhani - 2011-01-17

2009-07-30-zanzibar-forodhani-park-p1010056
Date: 
Monday, 2011, January 17
Location: 

Zanzibar government has contravened laid down procedures in leasing out two of its Forodhani Beach buildings and a garden to the Kempinski hotel group for 99 years. Sources said the hotel is planning to construct a five star hotel at the site.

Reports are that the Aga Khan Development Network, (AKDN) had already reached final stages of negotiations with the government to develop Forodhani area by building gardens and the first phase started last year.

person_place_reference: 
Forodhani Park - Zanzibar - Tanzania

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Z’bar govt in public property lease scam - 2011-01-17

Source: 
THE GUARDIAN, January 17, 2011

Zanzibar government has contravened laid down procedures in leasing out two of its Forodhani Beach buildings and a garden to a hotel group for 99 years, it has been confirmed.

Government sources told The Guardian the hotel group, Kempinski signed an agreement with the Isles government in October last year and paid $1.5m, equivalent to 2.1bn/-, an amount said to be a throw-away price for the prime area.

Efforts to speak to the hotel management proved futile. However, sources said the hotel is planning to construct a five star hotel at the site.

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News ArticleZ’bar govt in public property lease scam - 2011-01-17 THE GUARDIAN, January 17, 2011

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