Skip to main content

Author: azara

LAIP board backs strategic assessment project and approves budget amendments

Written by azara on . Posted in News. No Comments on LAIP board backs strategic assessment project and approves budget amendments

The Board of Directors of the Libya Africa Investment Portfolio (LAIP) held its second meeting of 2026 on Wednesday, 24 June, at LAIP’s headquarters in Tripoli, reviewing a number of key files related to the performance, governance and future direction of the organisation and its subsidiaries.

During the meeting, the Board reviewed correspondence from the Libyan Investment Authority (LIA) relating to the launch of a comprehensive strategic assessment project aimed at reassessing all companies, portfolios and investment funds affiliated with the LIA across various countries around the world. The project is being undertaken in cooperation with one of the Big Four global audit and accounting firms.

The Board affirmed LAIP’s full support for the initiative and directed that its subsidiaries be asked to prepare integrated investment plans based on accurate and up-to-date financial data. It also stressed the need to prepare qualified internal teams capable of engaging effectively with the assessment process and helping ensure that the project achieves its intended objectives.

The Board noted that the initiative aligns with LAIP’s wider efforts to strengthen the periodic and systematic evaluation of its investments, improve oversight and support more effective decision-making across its portfolio.

The Board also approved amendments to LAIP’s operational and investment budgets, following a submission by the executive management in response to a request made by the Board at its first meeting of the year.

As part of its ongoing review of subsidiary performance, the Board considered a memorandum from the executive management concerning two non-operational companies affiliated with LAIP. It approved referring a proposal to liquidate the two companies and appoint liquidators to LAIP’s General Assembly, which is scheduled to meet in mid-July, for consideration and the necessary authorisation.

The move forms part of LAIP’s broader efforts to develop existing investments, pursue new opportunities and address challenged assets through appropriate mechanisms tailored to each case.

The meeting underscored the Board’s continued focus on strengthening LAIP’s performance, improving the efficiency of its investments, advancing its strategic objectives and reinforcing the principles of governance and sound management.

LAIP board unveils major strategic initiatives and investment plans for 2026

Written by azara on . Posted in News. No Comments on LAIP board unveils major strategic initiatives and investment plans for 2026

The Board of Directors of the Libya Africa Investment Portfolio (LAIP) convened its first meeting of 2026 on Sunday, 14 June 2026, at LAIP’s headquarters in Tripoli, chaired by Mustafa Abofanas, Chairman of the Board, following the reappointment of the Board members pursuant to Resolution No. (6) of 2026 issued by the Board of Directors of the Libya Investment Authority (LIA).

During the meeting, the Board reviewed a number of agenda items and discussed various matters relating to LAIP’s projects and activities, in addition to considering a range of organisational and administrative matters.

Turning to the Misurata Cement Plant Project, the Board reviewed the report prepared by the project’s technical committee and instructed LAIP’s Executive Management to prepare a study for the establishment of a public joint-stock cement manufacturing company. The proposed company will be responsible for contracting, overseeing the implementation of the project, and managing and operating the plant.

The Board also reaffirmed its full support for the Libya Africa Transit Corridor Project, recognising it as one of LAIP’s strategic initiatives. The Executive Management was tasked with preparing a study for the establishment of a holding public joint-stock company to undertake the contracting, oversight, management and operation of the project.

As part of its oversight of subsidiary companies, the Board discussed arrangements for convening General Assembly meetings and approved a timetable aimed at completing the assemblies of all subsidiary companies before mid-August 2026.

The Board further approved LAIP’s separate financial statements for the financial years 2024 and 2025 as part of the completion of the relevant financial and administrative procedures.

The meeting forms part of the Board’s ongoing efforts to advance LAIP’s strategic plans and projects, support the achievement of its long-term objectives, strengthen its investments within Libya, and maintain its role as an active international investor.

Libya–Africa Transit Corridors High Committee reviews progress and financing

Written by azara on . Posted in News. No Comments on Libya–Africa Transit Corridors High Committee reviews progress and financing

The High Committee for the Libya–Africa Transit Corridors Project held its second meeting of the year on Thursday, 30 April 2026, at the headquarters of the Libya Africa Investment Portfolio (LAIP) in the capital, Tripoli, as part of ongoing efforts to advance the project.

At the outset, the Committee’s Vice Chairman and Chairman of LAIP, Mustafa Abofanas, reviewed the outcomes of his recent meeting with the Prime Minister of the Government of National Unity, Abdulhamid Dbeibeh. The Prime Minister reaffirmed his full support and emphasised the importance of continued coordination across relevant sectors to ensure an integrated approach and a conducive environment for implementation.

The Committee reviewed the updated feasibility study prepared by a specialised US consulting firm, which incorporates comments and amendments approved during its first meeting earlier this year.

Discussions also focused on financing and implementation mechanisms, including plans to establish a holding joint-stock investment company to oversee contracting, as well as the operation and management of the project. This approach is intended to strengthen institutional integration and improve efficiency across all phases.

Members also discussed ways to build on the project’s growing momentum and increasing interest from regional and international stakeholders, supported by enhanced coordination with partners to advance implementation on clear technical and institutional foundations.

The meeting reflects the Committee’s commitment to a collaborative approach and alignment with international best practice, supporting the state’s broader vision to strengthen the national economy and position Libya as a regional and international hub for integrated transport and logistics services.

LAIP receives Niger’s ambassador to advance Libya Africa transit corridors project

Written by azara on . Posted in News. No Comments on LAIP receives Niger’s ambassador to advance Libya Africa transit corridors project

The Libya Africa Investment Portfolio (LAIP) received on Sunday, 15 March 2026, at its headquarters in Tripoli, H.E. Mr Amadou Mohamed Othman, Ambassador of the Republic of Niger to Libya, accompanied by a delegation that included the Embassy’s First Counsellor and the Ambassador’s Secretary.

The delegation was received by the Chair and members of the High Committee for the Libya Africa Transit Corridors Project.

The meeting formed part of a series of coordination engagements organised by the High Committee with diplomatic missions of countries concerned with the project. These engagements aim to introduce regional stakeholders to the project’s proposed routes, align perspectives on its economic and logistical objectives, and strengthen frameworks for cooperation and coordination.

During the meeting, the Committee delivered a presentation outlining the project’s strategic plans and development dimensions, and provided clarifications in response to inquiries raised by the Nigerien side.

For his part, H.E. the Ambassador expressed his appreciation for the significance of the project, affirming his support for the initiative and the commitment of his country’s mission to placing it among its priorities in the context of promoting regional integration and strengthening economic and logistical cooperation between the two countries.

At the conclusion of the meeting, both sides agreed to begin preparations for a ministerial-level meeting between Libya and Niger, aimed at translating the current understandings into practical steps and agreements that will support the next phase of the project.

The Committee had previously held a meeting with the Chargé d’Affaires of the Embassy of the Republic of Niger in May 2025 to introduce the project and its main objectives, marking the beginning of coordination efforts and enhanced cooperation between the two sides.

Libya Africa Investment Portfolio holds coordination meeting with the Nigerian embassy

Written by azara on . Posted in News. No Comments on Libya Africa Investment Portfolio holds coordination meeting with the Nigerian embassy

The Libya Africa Investment Portfolio (LAIP) received, Wednesday 26 November 2025, the Chargé d’Affaires of the Embassy of the Federal Republic of Nigeria in Libya. The meeting was attended by the Chairman of LAIP’s Board of Directors, members of the High Committee for the Libya Africa Trans Corridors Project, and the Director of the African Affairs Department at the Libyan Ministry of Foreign Affairs.

The meeting forms part of the High Committee’s action plan to engage with the concerned African states, enhance regional cooperation, and advance the project according to the planned timetable.

During the meeting, the Committee delivered a comprehensive presentation of the project’s routes and strategic objectives, reviewed the infrastructure to be implemented, and outlined the investment and development opportunities it will generate. The presentation emphasised the project’s capacity to strengthen Libya’s logistical position, support regional integration, and create wide-ranging economic and social impact across Libya and the African continent.

The Nigerian Chargé d’Affaires expressed his appreciation for the importance of the project and the role it is expected to play. Both sides agreed to prepare for an expanded meeting between officials of the two countries to continue consultations and strengthen partnership within the framework of the project’s implementation.

This meeting follows a session held about two weeks earlier between LAIP and representatives of the African Union Commission, who welcomed the project, reaffirmed their support, and confirmed the Commission’s commitment to endorsing, promoting, and integrating it within the Programme for Infrastructure Development in Africa (PIDA).

African Union officials affirm support for Libya Africa Transit Corridors Project

Written by azara on . Posted in News. No Comments on African Union officials affirm support for Libya Africa Transit Corridors Project

The Libya Africa Investment Portfolio (LAIP) held a meeting on 11 November 2025 at its headquarters in Tripoli, attended by the Chairman of the Board and the Director of Strategic Planning.

The meeting welcomed a high-level African Union delegation, which included:

  • The Chair and members of the Standing Committee for Monitoring and Implementing the African Union Agenda 2063 at the Libyan Council of Ministers.
  • The Chair and members of the African Union Development Agency – NEPAD (AUDA-NEPAD), affiliated with the African Union Commission.
  • Members of the Five-Member Committee of the Economic, Social and Cultural Council of the African Union (ECOSOCC).

During the meeting, the Portfolio presented an overview of its operations across Africa and within Libya, including the activities of its subsidiary companies. The briefing also highlighted its principal strategic initiatives, foremost among them the Libya Africa Transit Corridors Project, which extends from the ports of Misrata and Benghazi deep into the African continent.

The presentation outlined the project’s objectives, which aim to provide a strategic gateway for sub-Saharan countries to European markets, enhance Libya’s role as a regional logistics hub, and stimulate economic, trade, human and spatial development. The initiative seeks to promote regional integration and deliver mutual benefits for Libya and the peoples of Africa.

The Portfolio also reviewed the progress achieved by the Joint High Committee, responsible for planning, supervising and monitoring the implementation of the project. The committee comprises representatives from LAIP, the Ministry of Transport, and several other key government institutions.

Participants expressed their strong support for the project and emphasised its strategic importance, reaffirming their commitment to ensuring its successful delivery. They pledged that the African Union’s agencies and bodies would endorse and promote the initiative across all relevant platforms, while providing every form of financial and technical assistance required.

It was further confirmed that the project will be included in the Programme for Infrastructure Development in Africa (PIDA), which encompasses the 69 priority projects identified by the African Union Commission as vital to advancing the continent’s development agenda.

LAIP takes part in Morocco’s international transport and logistics forum

Written by azara on . Posted in News. No Comments on LAIP takes part in Morocco’s international transport and logistics forum

In support of regional cooperation and sustainable development, the Libya Africa Investment Portfolio (LAIP), in collaboration with the Libyan Ministry of Transport, is participating as Guest of Honour at the second edition of the International Forum and Exhibition on Transport, Mobility and Logistics (LOGITERRE 2025), currently taking place in Casablanca, Kingdom of Morocco, from 16 to 18 October 2025.

The Libyan delegation attending this regional event includes Mr Mustafa Abufanas, Chairman of the Board of Directors of LAIP; Mr Fadhlallah Rafallah, Undersecretary of the Libyan Ministry of Transport; the Chairman of the Land Transport Authority; the Adviser and Director of the Prime Minister’s Office; and the Chairman of the Standing Committee for the Implementation and Follow-up of the African Union’s Agenda 2063, alongside senior officials from both LAIP and the Ministry of Transport.

The participation follows an official invitation from the President of the African Union of Transport and Logistics, the organiser of the event, in recognition of LAIP’s role as a strategic partner supporting development and investment initiatives across Africa. The forum provides a platform for discussing logistics transformation in Africa and promoting economic integration among its countries, with the involvement of ministers, experts, and representatives from regional and international organisations.

During the opening session, Mr Abufanas highlighted the importance of such platforms in building constructive partnerships based on trust, mutual respect, and a shared vision for sustainable development that benefits the peoples and nations of the continent.

LAIP is also represented through a dedicated exhibition pavilion, presenting information about its operations and the Libya–Africa Transit Corridors Project.

In cooperation with the Ministry of Transport, LAIP delivered a technical presentation on the Transit Corridors Project, which extends from northern Libya through its southern regions towards central Africa. The presentation formed part of the discussions on regional connectivity and shared logistics strategies.

The project received particular attention from His Excellency Mr Mohammed Abdeljalil, Minister of Transport and Logistics of the Kingdom of Morocco, during his visit to LAIP’s pavilion, where he commended its strategic significance for Libya and for the wider African continent.

LAIP’s participation in LOGITERRE 2025 reflects its commitment to active engagement in regional and international forums, and its contribution to promoting sustainable development and investment cooperation across Africa.

LAIP hosts a roundtable on financing its projects in Libya through Islamic Sukuk

Written by azara on . Posted in News. No Comments on LAIP hosts a roundtable on financing its projects in Libya through Islamic Sukuk

On Wednesday, 27 August 2025, the Libya Africa Investment Portfolio (LAIP) convened an extensive roundtable discussion on financing its development projects.

The meeting was attended by the Chairman of the Board, the General Manager, and the Fund’s department directors, alongside the Chairman of the Capital Market Authority and two of its senior directors. Also in attendance were a representative of the Islamic Development Bank, the Director of Investment at the Social Solidarity Fund, several financial experts, and delegates from other key financing institutions.

The roundtable featured an in-depth discussion on providing the necessary support for LAIP’s projects within Libya through the use of Islamic Sukuk (Islamic bonds or “Sharia-compliant” bonds) as a stable and secure financing instrument. The Sukuk will be issued via a Special Purpose Vehicle (SPV) established for this purpose.

At the conclusion of the discussion, it was agreed to form a working group composed of the relevant department heads of LAIP.

The group will directly initiate the practical procedures required to implement this financing mechanism, in line with the portfolio’s orientation to strengthen its domestic investments while maintaining its external role.

  • 1
  • 2
🌙