Zambia has frozen the Libyan state’s assets in compliance with a United Nations resolution, the minister of finance was quoted telling Reuters.
The resolution concerns the 75% stake in telecoms incumbent Zamtel that LAP Green Network bought in 2010 for…
Zambia has frozen the Libyan state’s assets in compliance with a United Nations resolution, the minister of finance was quoted telling Reuters.
The resolution concerns the 75% stake in telecoms incumbent Zamtel that LAP Green Network bought in 2010 for US$257m.
Finance minister Situmbeko Musokotwane was quoted saying that Zamtel would continue to operate normally.
LAP GreenN is the Libyan government’s telecoms investment arm. It is also present in, Chad, Ivory Coast, Niger, Rwanda, Southern Sudan and Uganda.
In Uganda, the permanent secretary at the ministry of foreign affairs, James Mugume, was quoted saying that his government would not freeze assets owned by the Libyan government.
Rwandan President Paul Kagame was quoted saying he backed the international action in Libya.
Neither the authorities nor the operator were immediately available for comment.
