Libya Sues Zimbabwe Over Fuel Debt

S 1 - 2 A1 D I ID RK RT C - 0

Libya’s central bank sued Zimbabwe’s finance minister Mthuli Ncube and the National Oil Infrastructure Company for more than US$100 million in a UK High Court. The case involved unpaid loans linked to a 2001 fuel credit facility. Libyan Foreign Bank said Zimbabwe repaid only US$5.5 million, leaving the balance plus interest outstanding. The court ordered Zimbabwean defendants to file a defense by month end.