Tag Archives | Rwanda

Zambia to pay $380m to LIA

By John Lee. The Zambian government has reportedly been ordered to pay the Libyan Investment Authority (LIA) $380 million as compensation for nationalising the Zambia Telecommunications Company (Zamtel) in 2011. LIA subsidiary LAP Green Networks had owned 75 percent of the company, with the Zambian government owning the remaining 25 percent. The LIA is said […]

Libya to Face Rwanda in AFCON Qualifiers

Rwanda’s Amavubi Stars have been drawn against Libya in the 2015 African Nations Cup qualifiers. The 2015 Africa Nations Cup finals tournament will be held from January 17 to February 8 in Morocco. The first leg matches will be played between May 16 and 18 with return fixtures slated for May 30th, 31st or June […]

Libya tries to Halt Liquidation of Rwanda Hotel

The Government of Rwanda is going ahead with plans to liquidate the Umubano Hotel in Rwanda’s Kigali, despite a case before the Supreme Court seeking to halt the process. Soprotel, a Libyan government-affiliated company, holds majority shares (60 per cent) in the hotel while the rest is owned by the Rwandan government. Soprotel has appealed […]