Tag Archives | Libyan Africa Investment Portfolio

LAP GreenN "Growth Story of the Year"

LAP GreenN, a wholly owned subsidiary of the Libya Africa Investment Portfolio, has won in the category of ‘Growth Story of the Year’ at this year’s TMT Finance & Investment MENA Awards 2014 held in Dubai recently. According to a report from Uganda's Independent, the company’s CEO, Wafik Al Shater (pictured) and COO, Dimitris Lioulias […]

Libya to Buy into Tunisie Telecom?

A unit of Libya's sovereign wealth fund is reported to be in talks to buy a 35-percent stake in state-owned Tunisie Telecom. Emirates International Telecommunications LLC (EIT), a subsidiary of Dubai Holdings, has put its 35-percent stake in the company up for sale to cut its debt; it bought the stake for $2.25 billion in […]

Some LAIP Assets Still Frozen

Ahmed Kashadah, head of the Libya Africa Investment Portfolio (LAIP), has said that some assets of the fund should continue to be frozen. He told Libya Herald: “We want them to be frozen [by the EU]. There are some legal issues that need to be sorted out before we will ask for them to be […]

Libya NTC says to review investments worldwide

Libya will review its investments in the Arab world, Africa, and elsewhere, and it will make major agricultural and property investments in neighboring Sudan, the chairman of its ruling National Transitional Council said Saturday. "We have a general view to review all investments in the Arab world, the African continent and elsewhere," Mustafa Abdul Jalil […]

Switzerland eases sanctions on Libya

Switzerland will on Thursday unblock some frozen Libyan assets and allow the transfer of money to some state institutions, the Swiss government said on Wednesday. The move will allow the transfer of money and other assets to the Central Bank of Libya, the Libyan Investment Authority, the Libyan Foreign Bank and the Libyan Africa Investment […]