Tag Archives | SMEs

Opportunities for Libyan Entrepreneurs

Small- and medium-sized enterprises (SMEs) are a key component of any healthy economy, and all the more so for Libya as it tries to diversify away from its overwhelming dependence on the energy sector. It was therefore encouraging to see three exciting firms selected as winners of the Libya Diaspora Marketplace (LDM) entrepreneurship competition, which […]

Libya Enterprise to be Restructured

Libya Enterprise, the government agency tasked with providing business support to start-ups, is to be restructured. According to sources in Tripoli, the agency will be split into five independent, regionally-based units, centered in Tripoli, Benghazi, Misrata, Derna and Sabha respectively. It is understood that each unit will report directly to the Ministry of Economy. Originally […]

Jumhouria Bank on Mortgages and SME Loans

By Osama Humaydan. In the recent speech, Mr. Akkari, chairman of Jumhouria Bank, the largest bank in Libya, noted that the upcoming period will witness major developments by the Central Bank of Libya. These developments are related to new products and services, and, most importantly, to housing loans, which will be given out to those […]

G8 Deauville Partnership Investment Conference

The UK Presidency of the G8, in association with the European Bank for Reconstruction & Development and the Islamic Development Bank, will hold a Deauville Partnership Investment Conference on 16 September 2013 in London. The conference aims to bring together government representatives and businesses from the G8, regional partners and the International Financial Institutions (IFIs) […]

SME Mentoring Project Launched

The UK's Minister for the Middle East and North Africa, Alistair Burt (pictured), has visited Tunisia to launch Forsa, the Deauville Partnership's Small and Medium-Sized Enterprise (SME) mentoring initiative. Working with our regional and international partners Forsa will deliver mentoring support across the six transition countries - Tunisia, Morocco, Libya, Egypt, Jordan and Yemen. Ahead […]

Libyan Business Forum Ends in Disarray

At the Libyan Businessmen Council’s forum in Tripoli last week the business community loudly voiced their frustration at the slow pace of economic reform, and at the absence of high-level ministers from the meeting. Following the opening speeches by the VIPs, the Economy and Finance Ministers excused themselves due to other commitments, leading to what […]

$400m may be Allocated to Revolutionaries' Businesses

Libya Herald reports that the Warriors Affairs Commission is preparing to launch a potentially ground-breaking programme to kick-start Libya’s faltering private sector and reintegrate former revolutionaries into society. If the Zeidan Government gives the green light, LD 500 million ($400 million) will be set aside to assist 5,000 former fighters to establish their own small-to-medium […]

Weekend for Enterpreneurs in Tripoli

A Startup Weekend will be held for the first time in Libya, at the Corinthia hotel in Tripoli from Friday 21st December to Sunday 23rd. Startup Weekends are weekend-long, hands-on experiences where entrepreneurs and aspiring entrepreneurs can find out if startup ideas are viable. On average, half of Startup Weekend’s attendees have technical or design backgrounds, […]