National

Rwandatel deal sealed

The government has finally signed a sale deal of its 80 percent shares in Rwandatel, a local telecom company to Lap Green Networks. Finance Minister James Musoni signed on behalf of the government while Eng. Abdulbaset Elazzabi represented Lap Green Networks, a Libyan company. The signing took place yesterday at the Finance Ministry headquarters in Kigali, paving way for Lap Green to make part payment of $50m. Another $50m will be paid in two installments of $25m within two years.
Musoni (L) and Abdulbaset exchange documents after signing the Rwandatel deal yesterday at Finance Ministry offices.
Musoni (L) and Abdulbaset exchange documents after signing the Rwandatel deal yesterday at Finance Ministry offices.
Times Reporter