Archive | Industry & Trade

New Competition for Libyan Entrepreneurs

I. Competition format: 1. Deadline: 12:00 PM US ET on December 28, 2017 Online applications submitted. 2. January 2018: Applications reviewed by GIST Tech-I Alumni Mentors. 3. January/February 2018: Three applications from each Alumni Mentor will be voted on by the online global public. 4. April 16-19, 2018: Finalists attend the Global Entrepreneurship Congress. 5. […]

Libya Rises (Slightly) in Ease of Doing Business Index

By John Lee. Libya has been ranked 185th out of 190 countries in the World Bank‘s recent Doing Business 2018 report, up from 188th place the previous year. Top of the list were New Zealand, Singapore and Denmark, with last place going to Somalia, just behind Eritrea and Venezuela. Iraq ranked 168th, with Iran 124th. Doing Business […]

Entrepreneurial Women in Libya’s Tech Sector

“In Libya, companies always look for male engineers. In the school and in college, men have more opportunities to develop their interest in technology, so companies believe they will be more capable than us,” says Hala Haithm, a university student from Benghazi. “Now I am putting in practice my knowledge and learning more. I am […]

Siemens in 700m EUR Power Deal

Germany’s Siemens has signed contracts with the state-owned utility General Electricity Company of Libya (GECOL) to expand Libya’s power generation capacity by approximately 1.3 gigawatts (GW). Under these contracts Siemens will build a 650 MW open cycle power plant in Misrata, equipped with two F-class gas turbines (pictured), and a 690 MW open cycle power […]

Hyundai to complete Power Plant in Tripoli

By John Lee. South Korea’s Hyundai has reportedly announced it will return to Libya early next year to complete the suspended Tripoli West Power Plant project. Sources at the Libyan state-owned General Electricity Company (GECOL) told Xinhua that embassy officials and representatives of Hyundai held talks with GECOL regarding security arrangements in preparation for the […]

Solar Energy is Saving Lives in Libya’s Hospitals

By John Lee. Nine hospitals in Libya have solar panels, giving half a million people access to uninterrupted health services, according to a report from Thomson Reuters Foundation. They have been helped by a United Nations Development Programme (UNDP) programme installing solar panels in hospitals to provide uninterrupted power to critical rooms. The report adds: […]

Libya Stagnant in Prosperity Index

By John Lee. Libya has made no improvement in this year’s Legatum Institute Prosperity Index, ranking in 136th place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. Despite Libya’s […]

Libya may Import Electricity from Algeria

Algeria’s Sonelgaz and the General Electricity Company of Libya (GECOL) have reportedly begun discussions on the export of electricity and other services from Algeria to Libya. Following a meeting last Tuesday, Algerie Patriotique quotes Sonelgaz CEO Mohamed Arkab as saying: “We have a surplus national production of electricity, especially in winter. And at this time, […]