Money News - In Brief

Mergers, Acquisitions and Financial Results

- The Ugandan government has announced that Libyan assets that were seized last year in line with UN sanctions against the North African state, are starting to be returned. According to the Wall Street Journal, the Ugandan foreign affairs ministry announced that the process started following the lifting of sanctions in December last year, and that ‘all assets will be returned to the Libyan government in the next few months.’ Amongst the assets to be returned to Libya is a majority stake in Uganda Telecom Ltd (UTL).