Tag Archives | UCOM

Libya, Uganda in Legal Row over Telecom Company

By John Lee. Africanews reports that the Libyan government has warned the Ugandan government over its move last month to repossess the Libyan government’s shares in Uganda Telecom Limited (UTL). Libya’s state-owned UCom had held 69-percent of the shares in UTL since 2010, with the Ugandan state owning the remaining 31 percent; the Libyan Post, […]

Ugandan Govt takes over Uganda Telecom

By John Lee. The government of Uganda has reportedly taken back the ownership of Uganda Telecom (UTL) with immediate effect, following what has been described as the “withdrawal” of Libya’s state-owned UCom, which held 69-percent of the shares in UTL. The Ugandan state owned the remaining 31 percent. According to NTV, Uganda’s Minister of Finance […]

LIA Claws Back Sovereign Assets

Libya Herald reports that, almost one year after the fall of Tripoli, the Libyan Investment Authority (LIA), Libya’s sovereign-wealth fund, is still working to recover assets frozen during the revolution. The LIA is now also said to be investigating losses that have come to light, including $1.95bn related to investments made with Goldman Sachs and […]