LIA Attempts to Get Recovery from Zamtel Seizure

Posted on 11/25/2017


The London High Court ruled that the Libyan government is entitled for compensation worth US$ 380 million to be paid by the Zambian government for nationalizing Lusaka-based Zambia Telecommunications Company Limited (Zamtel) in 2012. The Libyan Investment Authority (LIA), through its unit LAP Green Networks, was a majority investor in Zamtel, owning 75%, while the […]