Archive | Investment

LIA approves 3-Year Extension of Chairman's Term

The Libyan Investment Authority (LIA) has announced that its Board of Trustees has approved the term extension of current Chairman Dr Ali Mahmoud Hassan Mohamed, and the Board of Directors for a further three years. During the meeting, the Board of Trustees also agreed to increase the size of the Board of Directors from five […]

UK Appoints New Trade Envoy to Libya

By John Lee. The British Prime Minister, Boris Johnson, has appointed Damien Moore MP (pictured) as his Trade Envoy to Libya and Tunisia. In a statement, the Libyan British Business Council (LBBC) said: "We look forward to working with him on building the bilateral UK/Libya business relationship to the benefit of both countries' economies and […]

LIA concludes First Phase of Transformation Programme

Libyan Investment Authority concludes first phase of transformation programme The Libyan Investment Authority (LIA), Africa's largest sovereign wealth fund, has announced the conclusion of the first phase of its comprehensive Transformation Programme, a major strategic mechanism for institutional development. The key milestone was marked in the presence of the International Forum of Sovereign Wealth Funds […]

LIA to ask UN Permission to Invest Billions

By John Lee. The head of the Libyan Investment Authority (LIA) is reported to be planning to ask the United Nations to allow the sovereign wealth fund to invest billions of dollars. Chairman Ali Mahmoud Hassan Mohamed told Reuters: "We have billions of cash in our accounts not invested." Click here to read the full […]

Kikla launches First Local Development Plan

Kikla's plan preparation task force today handed over the recently completed local development plan to the mayor and municipal council. The five-year plan (2020-2024) was elaborated with the support of the Ministry of Planning and the United Nations Development Programme (UNDP) through the Stabilization Facility for Libya (SFL). The plan is the first one to […]

UK Court Decides on LIA Chairmanship Case

By John Lee. The English Commercial Court  has reportedly ruled that Dr Mahmoud is the rightful Chairman of the Libyan Investment Authority (LIA). Several contenders had claimed the position, including Abdulmajid Breish. More here. (Source: Casemine)

Turkey eyes $120bn Investment Potential in Libya

By John Lee. The chairman of the Turkey-Libya Council of the Foreign Economic Relations has reportedly said that Turkish investors should avail of $120-billion of investment opportunities in Libya. Anadolu Agency quotes Murtaza Karanfil as adding: "There is a call from Libya in this direction ...During the reconstruction process, houses, public buildings and roads will […]