UTL

The Libyan government has issued a warning to the Ugandan government over the latter’s move to repossess shares of the Libyan government in Uganda Telecom Limited (UTL). “The Libyan government counsel in Uganda, made the remark shortly after the Ugandan government made the decision to take over the assets and liabilities of the indebted Telecom company in which the Libyan government owns 69% majority share”. Since the end of Ghadaffi in 2011, UTL has knew a poor management. This withdraw could have an impact on diplomatic relations between Uganda and Libya.