East African Business Week

KIGALI, RWANDA - The Rwandan government has frozen assets belonging to Laico Hotel, one of Libya's investments in Kigali, Rwanda.
The decision comes at a time when countries are required to implement the United Nations resolution 1973 that aims at cutting funding for the Libyan government, which the UN accuses of bombing innocent civilians in the country's ongoing civil unrest.
The Libyan government through its investment arm Libya African Investment Portfolio (LAIP) owns Laico Hotel.
The hotel will return to its former name Umubano Hotel and Soprotel, a private company will take over the hotel management.
Rwanda joins Uganda, which has also frozen assets of Libya's investments in the country.
Libya continues to face social unrest, which intends to change the leadership of President Muammar Gadaffi.