Senegal settles US land sale lawsuit

  1. Posted on Saturday 5 December 2009 - 10:55
    Kemo
    Image of Kemo
    Kemo Cham, AfricaNews reporter in Dakar, Senegal
    The Senegalese government has made an out-of-court settlement of a lawsuit brought against it by a New York property developer. The East 44th Street landlord dropped a lawsuit it filed against the government of Senegal in which it had claimed breach of contract.
    Wade
    It involved a $27 million vacant land which the Senegalese government had negotiated through its representative at the UN and a senior minister in President Abdoulie Wade’s government, Energy Minister Samuel Sarr, whose name has become synonymous with controversies of this nature.

    According to the lawsuit, Senegal originally agreed to pay $27 million for the vacant land, but kept on stalling on the delivery of the $25 million balance on the purchase, "a seemingly easy enough requirement for the government of a country that wants to be taken seriously."

    But now, the two sides have gone ahead with the sale of the property at a renegotiated price of $24 million, according to report.

    The lawyers of the Senegalese government were said to have released a statement in which they quoted the complainant as saying, "We are withdrawing our complaint and we apologize for any unintended publicity it could have generated.

    “We understand that the climate of global finance has been difficult and these difficulties have contributed to what, in the end, proved to be a misunderstanding.’’

Latest News

  1. AFCON: 46 hurt in Zambia victory celebrations09/02Over 40 casualty cases were recorded Wednesday night at Zambia's University Teaching Hospital (UTH) after post-match celebrations turned violent …
  2. African Peer Review Mechanism making progress08/02In 2003 the New Partnership for Africa's Development (NEPAD), the continental development plan, initiated the African Peer Review Mechanism (APRM…
  3. Combating HIV infections among African women08/02With a lack of knowledge and power, African women continue to bear the brunt of HIV infections.
  4. Legume cultivation booms in Western Kenya07/02Small Holder Farmers (SHFs) who traditionally relied on seed companies for all their seeds are now bulking their own legume seeds for their farms.
  5. Malawi vendors chase out Chinese07/02Vendors in Kalonga, the Northern district of Malawi, on Wednesday petitioned the District Commissioner to flash out all Chinese nationals who are doin…
  6. Zim: Informal sector urged to join HIV battle05/02While the Harare City council is busy engaging in running battles with city vendors, Health Minister has called for authorities to devise ways to form…
  7. Elections: Wole Soyinka warns Mugabe, Wade03/02The Nigerian Nobel Prize winner for literature said heads of states who are trying to cling to power suffer the same fate as the dictators who were sw…
  8. AU elections rescheduled for June in Malawi01/02Following a deadlock during Monday's African Union elections, with a tie between former wife to South African president Jacob Zuma, Home Affairs …
  9. Senegal in turmoil as protest intensifies01/02Hundreds of anti-government protesters Tuesday gathered in the central Dakar, Senegal to show their dissatisfaction over the incumbent president Abdou…
  10. Zimbabwe’s inflation still favourable -…01/02Zimbabwe's annual headline inflation still compared favourably with economies in the region, Reserve Bank of Zimbabwe Governor Gideon Gono said o…
  11. AFCON 2012: Sudan qualifies after four decades31/01The Sudanese national team has sealed a historic win over the Stallions of Burkina Faso.
  12. Senegalese opposition to intensify protests31/01Opposition and civil society groups in Senegal have vowed to increase their fight against incumbent President Abdoulaye Wade's presidential bid.
  13. Malawi: Rights coalition condemn stripping of…30/01The 39 members of the Solidarity for African Women's Rights Coalition based in 18 African countries have vehemently condemned the stripping of wo…
  14. Kenya to deworm five million children annually30/01Kenya launched the second phase of its national deworming programme at the World Economic Forum Annual Meeting 2012, aiming to treat 5 million childre…
  15. Benin’s Yayi Boni is AU’s new…30/01President Yayi Boni of Benin Republic has been elected chairperson of the African Union in the Ethiopian capital Addis Ababa
News archive