PPADB appeals ruling in property lease tender row

Friday, January 27, 2017

The Zambezi Towers is the building that was offered for lease

The Finance Ministry and the Public Procurement and Asset Disposal Board (PPADB) have appealed a High Court judgement that ruled against the duo’s decision to award a property lease tender to Zambezi Motors against Varsha Enterprises.

Both the Ministry and PPADB jointly approached the Court of Appeal seeking an order to overturn the High Court’s judgement and an order in which Varsha had been approved as the preferred bidder.

Varsha Enterprises is a company owned by property mogul Sayed Jamali and Zambezi Motors is an estate company, owned by businessman Ishmael Nshakazhogwe.

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