Libya’s transitional government has indicated that it intends to review a number of pan-African telecoms investments that were agreed during ousted leader Colonel Muammar Gaddafi’s tenure in charge of the country. According to IT News Africa, the National Transition Council (NTC) has suggested that a number of investments carried out by LAP Green Network stand to be withdrawn; LAP Green is the telecoms arm of the Libya-Africa Investment Portfolio (LAP), which was incorporated by the Libyan government in 2006, with a capitalisation of USD5 billion. Speaking at news conference held to mark the arrival of visiting Sudanese president Omar Hassan al-Bashir, NTC leader Mustafa Abdul Jalil commented: ‘We have a general view to review all investments in the Arab world, the African continent and elsewhere.
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OVETEL Transitional govt to review pan-African telecoms investments
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