Skip to main content

  • Good governance is the path to
    development and better performance

Governance

As part of our firm and deep belief in the principles of corporate governance, which is a keystone in the sound and balanced creation of institutions, the Libya Africa Investment Portfolio is committed to working within recognized international standards. This is to ensure transparency and compliance with all legislation, laws, and regulations regarding the rules of governance.

Our Leadership

LAIP’s leadership is determined to apply best practices, and adopt technical methods in developing visions and strategies. This is to set goals that ensure the establishment of efficient, stable, and flexible work systems that comply with global and international standards.

General Assembly

As the Libyan Investment Authority is the sole owner of the Libya Africa Investment Portfolio, its General Assembly appoints the Board of Directors and Executive Management. These implement the investment policy, in accordance with its strategic vision.

Board of Directors

The Board draws up the general policies, outlines investment strategies, conducts a supervisory role and follows-up on the work of the Executive Management. This is through holding periodic meetings to define the scope of work, and solutions to issues.

Chairman

Mr. Mustafa Mohamed Abofanas

  • Mr. Mustafa Abofanas assumed the his position of Chairman of Libya Africa Investment Portfolio in the year 2022. 
  • During his tenure, alongside the Board of Directors and Executive Management, LAIP has achieved tangible progress in its performance and in overcoming many obstacles. 
  • Mr. Mustafa Abofanas held many positions during his career, including; Minister of Economy, Director of International Cooperation at the Ministry of Industry, Member of the Supreme Authority for Exhibitions, President of the African Building and Equipment Exhibition in Misurata, President of the Chamber of Industry and Commerce in Misurata, President of the Libyan-Algerian Joint Chamber, General Coordinator of the Chambers of Commerce and Industry of the Maghreb Union, Periodic President of the Economic Council of the Arab League.
  • Chaired and served as a member of several boards of directors several boards of directors, boards of trustees and general assemblies, including; The Libyan Investment Corporation, the Development Fund, the Libyan Aviation Holding Company, General Ports Company.
  • Holds a Bachelor’s degree in political science from the Faculty of Economics at the University of Benghazi, a high diploma in political science and international relations from the Postgraduate Academy.

 

Chairman

Mr. Mustafa Mohamed Abofanas

  • Mr. Mustafa Abofanas assumed the his position of Chairman of Libya Africa Investment Portfolio in the year 2022. 
  • During his tenure, alongside the Board of Directors and Executive Management, LAIP has achieved tangible progress in its performance and in overcoming many obstacles. 
  • Mr. Mustafa Abofanas held many positions during his career, including; Minister of Economy, Director of International Cooperation at the Ministry of Industry, Member of the Supreme Authority for Exhibitions, President of the African Building and Equipment Exhibition in Misurata, President of the Chamber of Industry and Commerce in Misurata, President of the Libyan-Algerian Joint Chamber, General Coordinator of the Chambers of Commerce and Industry of the Maghreb Union, Periodic President of the Economic Council of the Arab League.
  • Chaired and served as a member of several boards of directors several boards of directors, boards of trustees and general assemblies, including; The Libyan Investment Corporation, the Development Fund, the Libyan Aviation Holding Company, General Ports Company.
  • Holds a Bachelor’s degree in political science from the Faculty of Economics at the University of Benghazi, a high diploma in political science and international relations from the Postgraduate Academy.

 

أعضاء مجلس الإدارة

  • Mr. Aymen Mabrouk Alfakhal<span class="first-meta">Board Member</span>

    Mr. Aymen Mabrouk AlfakhalBoard Member

  • Mr. Khaled Amr Algonsel<span class="first-meta">Board Member</span>

    Mr. Khaled Amr AlgonselBoard Member

  • Mr. Mahmud Ammar Shibani<span class="first-meta">Board Member</span>

    Mr. Mahmud Ammar ShibaniBoard Member

  • Mr. Haithem Elasfer<span class="first-meta">Board Member</span>

    Mr. Haithem ElasferBoard Member

  • Mr. Aymen Mabrouk Alfakhal

    Board Member

  • Mr. Khaled Amr Algonsel

    Board Member
    • Mr. Algonsel assumed the his position of LAIP’s Board of Directors since 2020.
    • In addition to his position at LAIP,Mr.Algonsel is the General Manager of the Libyan Foreign Bank.
    • Holds a Master’s in Banking and Finance from the European University, Master’s in Accounting Finance from the Academy of Higher Education and a Bachelor’s degree in Accounting from the Accounting College in Gharyan.

     

     

  • Mr. Mahmud Ammar Shibani

    Board Member

  • Mr. Haithem Elasfer

    Board Member
    • Mr. Haitham Elasfer assumed the his position as a part-time member of the Board of Directors of the Libya Africa Investment Portfolio during the year 2022.
    • In addition to his position, Mr. Haitham is the Secretary of the Chairman Office at the Libyan Investment Authority and also the Chief Executive Officer of the Libyan Investment Authority.
    • Mr. Haitham Elasfer is a committee member on the Personnel Affairs committee and Investment Guide Preparation Committee at the Libyan Investment Authority, and also a board member at LAFICO Algeria Holding Company.
    • Holds a high diploma in banking and investment.

     

     

Mr. Khaled Amr Algonsel

Board Member

  • Mr. Algonsel assumed the his position of LAIP’s Board of Directors since 2020.
  • In addition to his position at LAIP,Mr.Algonsel is the General Manager of the Libyan Foreign Bank.
  • Holds a Master’s in Banking and Finance from the European University, Master’s in Accounting Finance from the Academy of Higher Education and a Bachelor’s degree in Accounting from the Accounting College in Gharyan.

 

 

Mr. Haithem Elasfer

Board Member

  • Mr. Haitham Elasfer assumed the his position as a part-time member of the Board of Directors of the Libya Africa Investment Portfolio during the year 2022.
  • In addition to his position, Mr. Haitham is the Secretary of the Chairman Office at the Libyan Investment Authority and also the Chief Executive Officer of the Libyan Investment Authority.
  • Mr. Haitham Elasfer is a committee member on the Personnel Affairs committee and Investment Guide Preparation Committee at the Libyan Investment Authority, and also a board member at LAFICO Algeria Holding Company.
  • Holds a high diploma in banking and investment.