10-23-2011, 03:47 AM
Join Date: Aug 2010
Re: Deny all you want but Gaddafi did alot for black Africa
Originally Posted by Go Getter
Africa=black....Gaddafi didn't go to those regions and offer his services to only the black Africans did he?
LONDON, March 8 (Reuters) - Libya holds billions of dollars in assets in Africa through subsidiaries of its $70 billion sovereign wealth fund.
The money is invested through the $5 billion Libya Arab Africa Investment Co (Laaico), through Libya Oil Holdings, Libya African Investment Portfolio and Libyan Foreign Investment Company (Lafico).
Libya is one of the leading regional shareholders in the African Development Bank, with nearly 4 percent voting power. It is also one of the biggest contributors to the budget of the 53-country African Union.
Below is a list of some Libyan wealth fund investments in Africa. AFRICA - Stake in Circle Oil, oil and gas exploration company with assets in Egypt, Morocco, Namibia, Oman and Tunisia.
- Green Network set up in 2007 to invest in African telecoms. Headquarters in Uganda, owns or controls telecoms companies or licences in eight African countries.
BENIN - Has 51 pct shareholding in fruit and vegetable company Sonaifel.
BURKINA FASO - Stake in Ouaga 2000 hotel in Ouagadougou. Constructing commercial, residential complex in Ouagadougou.
CENTRAL AFRICAN REPUBLIC - Owns 50 percent of diamond mining company, and owns hotel in capital Bangui.
CHAD - Owns Libya foreign investment company, includes hotels and real estate, mineral water plant, garment factory.
CONGO - Owns forestry concession and sawmill plant.
COMOROS - Majority stake in telecoms company Comcell.
DEMOCRATIC REPUBLIC OF CONGO - Shareholder in Onyx Natural Resources. Stake in Laico Maya-Maya hotel, Brazzaville.
ETHIOPIA - Owns joint agricultural company, with Ethiopian government. Activities include drilling water wells.
GABON - Owns forestry concession. Stake in Okoume Palace hotel, Libreville.
GAMBIA - Owns Atlantic Hotel in Banjul.
GHANA - Ownership with Ghana government in Glahco hotel company, Ghana Groceries, Ghana-Libya Agricultural Co.
GUINEA - Owns 75 pct of Salguidia -- involved in fruit producing farm and fruit juice processing. Stake in Bissau hotel.
KENYA - Stake in Regency Hotel, Nairobi.
LIBERIA - Shareholding in real estate, rubber factory.
MADAGASCAR - Owns, with Madagascar government, poultry farm, real estate and tourism interests.
MALI - Owns Hotel de l'Amitie, shareholder in National Tobacco Co. Stake in El Farouk Barnako hotel.
NIGER - Owner, with Niger government, of telecoms company Sonitel.
RWANDA - Owner, with Rwandan government, of 4-star Umubano hotel in Kigali.
SOUTH AFRICA - Owns Ensemble Hotel holdings, including 5-star Michelangelo Hotel, Johannesburg.
SUDAN - Owns, through real estate investment vehicle Lafico, the Al Fateh tower complex in Khartoum, containing 5-star hotel, commercial buildings and conference hall.
TANZANIA - Stake in Bahari Beach hotel, Dar es Salaam.
TOGO - Owns poultry farm.
TUNISIA - Stake in Djerba, Hammamet, Tunis hotels.
UGANDA - Owns Lake Victoria Hotel, Entebbe.
ZAMBIA - Owns 52 villas in Lusaka