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Our investments in Uganda are facing danger

The Ministries of Finance, of Planning and of Economic Development in Uganda issued a correspondence to the Libyan institutions in Uganda and stated that following the negative impact of the political situation in Libya on the conduct of the commercial operations of the Libyan contributing bodies in Uganda, the President of Uganda directed the formation of a committee to review the status of all Libyan properties In Uganda. Accordingly, the bodies under the supervision and owned by the Libyan state government in Uganda were identified.

The ministry added that the purpose of this letter is to submit documents to all legal incorporation documents that refer to the ownership of this founding body, including shareholders, the financial situation and issues affecting property, in addition to the current challenges faced by this body as a result of the political situation, where work should be done on several measures to resolve these issues.

The committee will also be able to prepare a comprehensive report directing the discussions of the joint committee of representatives of the government of Uganda and the Libyan government with the aim of informing the Ugandan president about the status of all Libyan property in Uganda.

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