Zambia may scrap Zamtel's sale to Libyan firm

LUSAKA, Nov 17 – Zambia’s cabinet may reverse the sale of its fixed-line phone operator Zamtel to Libya’s LAP Green Networks after a commission of inquiry found that it was illegally sold, President Michael Sata said on Thursday.

Zambia

Full Name Republic of Zambia Capital Lusaka Form of Government Republic Date of Independence 24 October, 1954 Date of Entry into the UN Total Area 752,618 km2 (39th)290,587 sq mi Total Population (2007 estimate) 11,668,000 (71st) Time Zone CAT (UTC+2) Currency Zambian Kwacha GDP (Nominal, 2007 estimate) $11.411 billion GDP Per Capita $938 Human Development […]