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General

LAP GreenN seeks compensation for Zamtel nationalisation

Monday 12 October 2020 | 10:07 CET | News
Libyan telecommunications company LAP GreenN is considering chasing after Zambia's offshore assets after Lusaka defaulted four times on an order to pay USD 257 million in compensation for nationalising a firm it invested in, Bloomberg reported. The debt dates back to the nationalisation of Zamtel in 2012, a year after LAP GreenN bought the company from the previous administration.

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Categories: General
Companies: Lap Green Networks / Zamtel
Countries: Libya / Zambia
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