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Sao Tome and Principe agrees to unfreeze Libyan investments

bySami Zaptia
February 3, 2018
Reading Time: 1 min read
A A
Sao Tome and Principe agrees to unfreeze Libyan investments

Sao Tome and Principe has agreed to return control of Libya's assets and investments to the Tripoli-based PC/GNA (Photo: African Heritage).

By Sami Zaptia.

Sao Tome and Principe has agreed to return control of Libya's assets and investments to the Tripoli-based PC/GNA (Photo: African Heritage).
Sao Tome and Principe has agreed to return control of Libya’s assets and investments to the Tripoli-based PC/GNA (Photo: African Heritage).

London, 3 February 2018:

The African island-state of Sao Tome and Principe has agreed to unfreeze Libyan assets and investments and handback their control to the Faiez Serraj-led Presidency Council and its Government of National Accord (PC/GNA).

The agreement to return control of Libya’s assets to its only internationally recognized government in Tripoli was reached in the Ethiopian capital Addis Ababa during a between PC/GNA Foreign Minister Mohamed Siala and Sao Tome and Principe Prime Minister Patrice Trovoada.

Trovoada announced that his country was ready to receive a Libyan government delegation to discuss the return of control of Libya’s assets as well as granting permission to reactivate them. The Libyan investment projects include a milk factory and mineral water bottling plant.

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Tags: assetsfeaturedGNA Foreign Minister-elect Mohamed SialainvestmentsSao Tome and Principe

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