Governance

Good governance is the path to
development and better performance

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. FAEZ ABDULAATI HAYOUBMember and Vice Chairman of the Board of Directors
Mr. Khaled Amr AlgonselBoard Member
Mr. Khalifa Abdullah AlshibaniBoard Member
Mr. Haithem ElasferBoard Member

Mr. FAEZ ABDULAATI HAYOUB

Member and Vice Chairman of the Board of Directors
- Mr. Faez Hayoub assumed the his position as member and vice chairman of the board of directors of Libya Africa Investment Portfolio in the year 2022.
- In addition to his position, Mr. Faez Hayoub is also in charge of the transformation project that pertains to the restructuring of the LIA’s assets.
- He has over 14 years’ experience in managing investment funds ,equity and fixed income portfolios. He also possesses adept knowledge of financial analysis, Market research, pricing and hedging models and derivatives.
- Holds a Master’s in Financial Mathematics and a Bachelor’s degree in Electronic and Communications Engineering from the University of Leeds, UK.
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. Khalifa Abdullah Alshibani

Board Member
- Mr. Khalifa Alshibani assumed the his position as a Non-Independent Board Member of LAIP in 2021.
- In addition to his LAIP Board Member role, Mr. Khalifa is the Manager for Investment Operations at Alqafela Insurance Company.
- During his professional career, Mr. Khalifa held many responsibilities and positions, including the Chairman of the Board of Directors of the Agricultural Bank, the Secretary General of The World Islamic Call Society, and the Assistant General Manager of Banking Operations and Investment at the Ejmaa Arab Bank.
- Holds a Bachelor’s Degree in Information Technology as well as a Master’s Degree from the Training Institute of the Libyan Academy.
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. FAEZ ABDULAATI HAYOUB

Member and Vice Chairman of the Board of Directors

Mr. Faez Hayoub assumed the his position as member and vice chairman of the board of directors of Libya Africa Investment Portfolio in the year 2022.
In addition to his position, Mr. Faez Hayoub is also in charge of the transformation project that pertains to the restructuring of the LIA’s assets.
He has over 14 years’ experience in managing investment funds ,equity and fixed income portfolios. He also possesses adept knowledge of financial analysis, Market research, pricing and hedging models and derivatives.
Holds a Master’s in Financial Mathematics and a Bachelor’s degree in Electronic and Communications Engineering from the University of Leeds, UK.

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. Khalifa Abdullah Alshibani

Board Member

Mr. Khalifa Alshibani assumed the his position as a Non-Independent Board Member of LAIP in 2021.
In addition to his LAIP Board Member role, Mr. Khalifa is the Manager for Investment Operations at Alqafela Insurance Company.
During his professional career, Mr. Khalifa held many responsibilities and positions, including the Chairman of the Board of Directors of the Agricultural Bank, the Secretary General of The World Islamic Call Society, and the Assistant General Manager of Banking Operations and Investment at the Ejmaa Arab Bank.
Holds a Bachelor’s Degree in Information Technology as well as a Master’s Degree from the Training Institute of the Libyan Academy.

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.