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  • Good governance
    is the path to development
    and better performance

Governance

The Libya Africa Investment Portfolio (LAIP) maintains a steadfast commitment to corporate governance principles, which form the foundation of sound institutional development. We operate according to recognised international standards to ensure transparency and full compliance with all applicable legislation, laws, and regulations.

Our Leadership

LAIP’s leadership is dedicated to implementing best practices and adopting systematic approaches in developing our vision and strategies. We establish clear objectives that create efficient, stable, and adaptable work systems aligned with global standards.

General Assembly

The Libyan Investment Authority, as the sole owner of the Libya Africa Investment Portfolio, exercises its authority through the General Assembly. This body appoints LAIP’s Board of Directors and Executive Management, which are responsible for implementing investment policies aligned with the organisation’s strategic vision

Board of Directors

The Board formulates general policies, develops investment strategies, and provides oversight of Executive Management activities. This supervision occurs through regular meetings where operational parameters are defined and solutions to emerging challenges are developed

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.