LAP Green secures Chinese loan for African investments

16 Nov 2009

Libyan investment company LAP Green has signed a USD300 million loan agreement with the Industrial and Commercial Bank of China to allow it to fund capital expenditure in its telecoms investments in Uganda, Rwanda, Ivory Coast, Sierra Leone, Niger and Togo. The USD300 million is part of the USD10 billion that China has pledged to lend Africa in low interest loans.

Uganda, Uganda Telecom Limited (UTL)