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LAIP board reviews committee work and approves job descriptions

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The Board of Directors of the Libya Africa Investment Portfolio (LAIP) held its sixth meeting of the year at its headquarters in Tripoli on the morning of Sunday 27 September 2026. The board discussed a range of agenda items and took a number of decisions.

The board reviewed the minutes of meetings held by its specialist committees and considered matters referred to it for decision. It also considered a report by board members on their visit to Egypt.

On organisational matters, the board discussed and approved LAIP’s job descriptions, as proposed by the executive management. This forms part of ongoing efforts to improve organisational efficiency and the working environment.

The meeting formed part of the board’s continuing oversight of LAIP’s activities, supporting the delivery of its strategic objectives, strengthening governance and promoting continued institutional development.

Transit Corridors High Committee reviews preparations for next phase

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The High Committee of the Libya–Africa Transit Corridors Project held its regular meeting on Wednesday 23 September 2026 to review progress on key areas of work and discuss the steps needed to prepare the project for its next stages.

Discussions focused on meeting the remaining technical and institutional requirements, coordinating work across the sectors and organisations involved, and setting priorities and a programme of work for the next phase. The aim is to build on what has already been achieved and ensure that preparations proceed in a coordinated and carefully planned manner.

The Committee also considered ideas and proposals from a neighbouring country concerning the possibility of establishing additional transit routes. These were discussed in light of regional interest in the project and the opportunities such routes could offer for closer integration and mutual benefit.

The project envisages an integrated, sustainable system encompassing transport, services, telecommunications and energy. This vision continues to guide the Committee’s work, with the aim of strengthening the strategic position of Libya and its ports, developing trade and logistics services, and opening up new opportunities for regional and international economic cooperation.

The meeting forms part of the Committee’s continuing efforts to complete the technical groundwork and finalise the coordination arrangements needed for the project’s next stages. These preparations are intended to support the project’s long-term sustainability and help achieve its strategic objectives.

RASCOMSTAR-QAF General Assembly reviews performance and strategic plan

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RASCOMSTAR-QAF’s General Assembly met in Tripoli on Monday morning, 21 September 2026, to review the company’s performance and consider its strategic plan.

The Assembly examined the Board of Directors’ report on the company’s financial position, together with a report on its activities and operations. Members also discussed the strategic plan for the period ahead and a number of matters relating to the development of the business.

The meeting was held at the headquarters of the Libya Africa Investment Portfolio (LAIP), with LAIP’s Chairman, Board members and executive management in attendance. Representatives of the Regional African Satellite Communications Organisation (RASCOM) and European group Thales joined by video link.

RASCOMSTAR-QAF operates the RASCOM-QAF1R communications satellite, launched in 2010. LAIP holds a 63% stake in the company, with RASCOM owning 25% and Thales the remaining 12%.

The meeting forms part of LAIP’s continuing oversight of its subsidiaries and investments. This work supports its efforts to strengthen governance, achieve its strategic objectives and safeguard its overseas investments while improving their operational and financial performance.

High Committee for the Transit Corridors Continues to Monitor Project Progress

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The High Committee for the Libya–Africa Transit Corridors Project held its regular meeting on Tuesday, 15 September 2026, at the headquarters of the Libya Africa Investment Portfolio (LAIP), to review the various aspects relating to the project.

The meeting forms part of the Committee’s continuing efforts to advance the project towards its further stages, build on the progress achieved to date, and strengthen ongoing monitoring and co-ordination, institutional integration, and frameworks for co-operation with relevant parties. This supports the continuation of work across the project’s various phases and builds on the growing momentum surrounding it.

The Committee’s work continues in accordance with the project’s strategic objectives and technical plans. The project extends from the ports of Benghazi and Misurata towards southern Libya and onwards to Sudan, Niger, Chad and Nigeria.

This vision is underpinned by integrated infrastructure across transport, energy and telecommunications, strengthening trade and logistics, contributing to the diversification of the economic base, and reinforcing Libya’s position as a regional and global logistics hub.

Libya Africa Construction and Contracting holds General Assembly meeting

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The Ordinary and Extraordinary General Assembly of Libya Africa Construction and Contracting Company, a wholly owned subsidiary of the Libya Africa Investment Portfolio (LAIP), met on Thursday, 10 September 2026, at LAIP’s headquarters.

The General Assembly considered a number of items on the agenda, including the Board of Directors’ report and the Supervisory Board’s report. It also reviewed and approved the company’s financial statements and auditors’ reports, and approved the appointment of an external audit firm to audit the company’s accounts.

The Assembly also discussed a number of matters relating to the company’s operations and adopted the necessary resolutions.

The meeting forms part of LAIP’s ongoing oversight of its subsidiaries and its wider efforts to strengthen corporate governance and sound management practices across its portfolio companies.

LAIP Board of Directors holds fifth meeting of 2026

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The Board of Directors of the Libya Africa Investment Portfolio (LAIP) held its fifth meeting of 2026 at 11.00 am on Wednesday, 19 August, at LAIP’s headquarters in Tripoli. The Board discussed a number of items on the meeting agenda.

The discussions covered several matters relating to the organisation and progress of work across LAIP, as part of ongoing efforts to strengthen institutional performance. The meeting also included a review of the activities of a number of LAIP’s subsidiaries.

The meeting forms part of the Board’s continued oversight of LAIP’s operations and investments, supporting the implementation of its strategic objectives and reinforcing the principles of good governance.

LapTech General Assembly reviews performance and future plans, approves key resolutions

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The Ordinary General Assembly of LapTech for Information and Communications Technology, a subsidiary of the Libya Africa Investment Portfolio (LAIP), met on Sunday, 9 August 2026, at LAIP’s headquarters in Tripoli to review the company’s performance, future plans and a number of financial and organisational matters.

The meeting reviewed reports from the Board of Directors and executive management on LapTech’s activities during 2025 and the first half of 2026. The General Assembly also considered the Supervisory Board’s report and received an update on progress in implementing resolutions and recommendations from previous meetings.

The company’s business plan for 2026 and 2027 was also presented, covering its operational priorities and plans for further development.

On financial and organisational matters, the General Assembly approved the appointment of an external auditor and the related audit fees for the 2024–2026 period. It also approved the company’s revised organisational structure.

Members of the General Assembly held detailed discussions on LapTech’s current operations and its priorities for the period ahead. The Assembly reaffirmed its support for the company as it works to strengthen its position in Libya’s information and communications technology sector and further develop the services it provides to national institutions.

This work reflects LAIP’s wider focus on strengthening its domestic investments, supporting the growth and development of its subsidiaries, and contributing to Libya’s digital transformation.

The meeting is part of LAIP’s ongoing programme of General Assembly meetings for its subsidiary companies, providing an opportunity to review performance, follow up on key decisions and discuss future priorities.

LAIP Board approves organisational reforms and authorises joint-stock cement company

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The Board of Directors of the Libya Africa Investment Portfolio (LAIP) held its third ordinary meeting of the year on Thursday, 23 July 2026, at its headquarters in Tripoli, where it considered a number of items on the agenda and adopted a series of resolutions.

As part of its efforts to enhance institutional performance, the Board approved amendments to LAIP’s organisational structure to strengthen resource management and promote greater coordination and communication across the organisation.

The Board also approved amendments to LAIP’s Articles of Association and authorised the formation of specialised committees reporting to the Board of Directors.

On the Misurata Cement Factory project, the Board reconstituted the committee overseeing the project and reviewed a study prepared by LAIP’s executive management following a mandate issued at an earlier meeting.

Following its deliberations, the Board authorised the establishment of a joint-stock company specialising in cement manufacturing and marketing. It also instructed the executive management to proceed with the incorporation process in accordance with the decisions taken during the discussion of this item.

As part of its ongoing review of LAIP’s property assets, the Board considered a memorandum on the development of an integrated tourism project on land owned by LAIP along the coastal road in the Ghout Al-Roman area of Tajoura Municipality.

The Board also reviewed a separate memorandum on the construction of a new headquarters on land owned by LAIP within Tajoura Municipality.

In addition, the Board discussed a number of matters relating to LAIP’s subsidiary companies and adopted the necessary resolutions.

The meeting formed part of the Board’s ongoing oversight of LAIP’s organisational and investment activities and reflected its commitment to advancing the organisation’s strategic objectives while ensuring the efficient and effective management of its assets, subsidiaries and projects.

LAIP board backs strategic assessment project and approves budget amendments

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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

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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.

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