Sunday, 14 February 2010
Libya Investment Portfolio (LAP) is set to expand its investment ventures in Uganda which include 4 gas stations by Oil Libya and Mineral exploration. Dr. Ali Zwalik, the Director of Libya's mineral investment led the negotiating team to Uganda in January, 2010. Other major Libya's investments in Uganda include; Banking sector, Infrastructure, Communication, Tam Oil, Hotel, Fruit making and Agriculture. According to Uganda Investment Authority(UIA), Libya was the second biggest foreign investor in the year 2008/09.