Libya to regain investments in Sao Tome and Principe

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Libya to regain investments in Sao Tome and Principe

February 04, 2018 - 13:15
Written by: SafaAlharathy

Sao Tome and Principe has agreed to hand back Libyan investments, which it had previously nationalized, to the Libyan state.

According to the Information Office of the Libyan Foreign Ministry, Prime Minister of Sao Tome and Principe Patrice Trovoada confirmed his country's approval to return the Libyan investments, including a mineral water bottling factory and the coffee farm that included a coffee processing factory.

The Libyan News Agency quoted Trovoada as saying during a meeting with Foreign Minister Mohammed Sayala in Addis Ababa that Sao Tome and Principe is ready to receive a government delegation from Libya to discuss these investments and projects and complete the restitution process.