Turkey offers Libya $250 million in loan

Turkey’s Eximbank has decided to allocate some $250 million to Libya following its move the day before to extend $500 million to Tunisia, said Turkey’s Economy Minister Zafer Çağlayan at the Turkey-Libya Business Forum in Tripoli yesterday.  “Our Libyan brothers will be able use this loan toward their investments, their purchases of machinery and other […]

Libya in business, just not business as usual

Businesses of all kinds should be looking at the potential of Libya and considering whether and how to enter the market. A large part of that decision will be based on how business-friendly the laws of Libya are and how much protection investors can expect. The legal system of Libya is reasonably well developed and […]

Algerian Min. reveals phases of restoring ties with Libya

Libyan Minister of Labor and Rehabilitation Mustafa Ali Al-Rajbani revealed on Tuesday that the phases to restoring normal relations with Algeria have started to take their normal course. Al-Rajbani said in press statement that the phases of restoring relations was attained due to the several meetings that joined Algerian President Abdelaziz Bouteflika with Libyan President […]

Zambia dissolves board of Libya-owned Zamtel

Zambia has dissolved the board of Libya-controlled Zamtel and appointed a new acting CEO, the government said on Tuesday, a day after it announced plans to seize 75 percent in the fixed-line operator from owner LAP Green Networks. The government said in a statement it would restructure the ownership of Zamtel to ensure Zambians owned […]

Zambia says to take back Libya-owned Zamtel

Zambia will take back a 75 percent stake in local fixed-line operator Zamtel that is currently held by Lybia's LAP Green Networks, Finance Minister Alexander Chikwanda said on Monday. "We made a decision to restore Zamtel back to the people of Zambia," Chikwanda said at a media briefing. "The plight of the workers may be […]

British Airways to resume flights to Libya

British Airways is to resume flights to Libya on May 1, despite the Foreign Office continuing to advise against non-essential travel to the country. The airline suspended its services to Tripoli, the Libyan capital, last February following the outbreak of civil war. Although hostilities officially ended in October, with NATO lifting its no-fly zone over […]

Qatar Airways to resume flights to Tripoli

Qatar Airways has announced it will resume flights to the Libyan capital Tripoli starting on February 2.  The airline, which had been flying to Tripoli for nine years, will reintroduce scheduled services between Doha and Tripoli after suspending operations last year due to the political situation.  The company said that initially the re-launched route will be served […]