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Uganda Will Not Freeze Libyan Assets, Says Official.
Byline: Walter Wafula
Uganda will not freeze assets belonging to the Libyan government in the country, Mr James Mugume, permanent secretary at the Ministry of Foreign Affairs has indicated.
The Libyan government owns a string of multi-billion companies in Uganda. They include Uganda Telecom Limited, National Housing Construction Company, Tropical Bank, Laico Lake Victoria Hotel, Tamoil East Africa and OilLibya. "There are no assets belonging to the affected people here. Those are assets owned by the Libyan government and are not part of the people on annex two (of the resolution)," Mr Mugume told Daily Monitor in an interview.
UN sanctions
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