National
Lap Green takes over Rwandatel
KIGALI - The Privatisation Secretariat yesterday handed over assets and liabilities of Rwandatel to Lap Green, a Libyan government-owned consortium created to promote Libyan interests across Africa. The Libyan firm recently won a bid to take over 80 percent shares in Rwandatel after agreeing to pay $100 million (about 54 billion Rwanda Francs) for the public telecom firm. They also presented the best technical offer beating five other bidders.
L-R: Rwandatel Chief Executive Officer Patrick Kalingufu, Lap Green Managing director Abdulbaset Elazzabi and Twahirwa tour Rwandatel offices shortly before signing the company’s technical handover to the Libyan telecom firm yesterday. (Photo/G. Barya)