logo
Libya & Germany Discuss Energy at Business Forum

Libya & Germany Discuss Energy at Business Forum

Libya Review12-05-2025

The fourth German-Libyan Business Forum commenced on Monday in Tripoli, bringing together top officials, business leaders, and institutional representatives from both countries. The event serves as a strategic platform to deepen economic cooperation and explore investment opportunities between Libya and Germany.
German Ambassador to Libya, Ralph Tarraf, described the forum as a unique chance to strengthen bilateral economic relations. He highlighted the participation of key companies and institutions from both nations, underlining the importance of partnerships in driving sustainable development in Libya.
The opening session features speeches from Mohammed Raied, President of the General Union of Libyan Chambers of Commerce; Olaf Hoffmann, President of the German-Arab Chamber of Commerce; Libyan Ambassador to Germany, Jamal Ali Al-Barq; and German Ambassador to Libya, Ralph Tarraf.
The forum includes four main panel discussions focused on vital sectors: energy (including electricity, renewables, oil and gas), transport, logistics and infrastructure, healthcare and education, and the financial and legal frameworks for doing business in Libya.
Bilateral meetings will also take place between German companies and major Libyan entities such as the National Oil Corporation, the General Electricity Company of Libya, the Renewable Energy Authority of Libya, and the Ministries of Health and Education.
Alongside the forum, Tripoli is hosting a two-day workshop on 13–14 May to support the Libyan Chambers of Commerce in Tripoli, Misrata, and Benghazi. The workshop, held at the headquarters of the General Union of Chambers, includes notable figures such as Abdulaziz Al-Mukhlafi, Secretary General of the German-Arab Chamber, and Dr Khaled Hanafi, Secretary General of the Union of Arab Chambers.
The workshop aims to enhance the capacity of Libyan chambers and foster regional and international cooperation to meet modern economic challenges. Tags: Business Forumeconomygermanylibyatripoli

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

180,000 E-Wallets Launched in Libya Since January
180,000 E-Wallets Launched in Libya Since January

Libya Review

time6 hours ago

  • Libya Review

180,000 E-Wallets Launched in Libya Since January

The Central Bank of Libya (CBL) has announced the distribution of 56.5 billion Libyan dinars to commercial bank branches across all Libyan cities between January 1 and May 31, 2025. According to a detailed report published on the bank's official Facebook page, this disbursement comes as part of the national financial management strategy aimed at ensuring liquidity across the banking sector. The report revealed that a total of 1,235,503 cheques were processed through the electronic clearing system over the same period, with a combined value of 58.1 billion dinars. These transactions were executed via 711 bank branches and clearing centers across the country. Digital Transactions on the Rise The bank also reported a steady increase in digital financial services. The total number of activated e-wallets reached 180,941, with a combined transaction volume of 49.9 million dinars. In addition, the number of point-of-sale (POS) terminals rose significantly during the first five months of 2025, reaching 98,602 compared to 76,356 at the end of 2024. This reflects an increase of 22,246 POS devices nationwide, indicating growing reliance on cashless payment systems. ATM Activity and Card Usage The number of activated bank cards stood at 5,012,979, with these cards facilitating 10,582,461 ATM transactions. The total value of withdrawals and transactions conducted via ATMs reached 6 billion dinars. The CBL emphasized that these indicators reflect an ongoing shift towards electronic banking and digital financial inclusion across the country. Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations. Libya's economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya's economy. The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions. The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition. Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.

Libya's Parliament Speaker Praises Reconstruction Fund's Unprecedented Achievements
Libya's Parliament Speaker Praises Reconstruction Fund's Unprecedented Achievements

Libya Review

time17 hours ago

  • Libya Review

Libya's Parliament Speaker Praises Reconstruction Fund's Unprecedented Achievements

Libyan Speaker of the House of Representatives, Ageela Saleh, praised the accomplishments of the Libya Development and Reconstruction Fund during a meeting held to mark Eid al-Adha. The meeting was attended by the Fund's Director General, Belgassem Haftar, and the Prime Minister of the Libyan government, Osama Hammad. According to an official statement issued by the Fund, the discussion focused on reviewing completed and ongoing development projects across several Libyan cities, with attention to future initiatives planned for the months ahead. During the meeting, Ageela Saleh commended the Fund's work, describing its achievements as 'unprecedented' and emphasizing their significant impact on multiple Libyan regions. He noted that the Fund's efforts have contributed to job creation, infrastructure upgrades, and urban renewal — outcomes that are crucial for restoring stability and improving daily life in war-affected communities. The Speaker reaffirmed his full support for the Development and Reconstruction Fund, stressing the need to maintain transparency and ensure balanced implementation of projects throughout the country. He called for continued cooperation between national institutions to align reconstruction efforts with public needs and long-term growth goals. Haftar and his team reiterated their commitment to executing the Fund's projects efficiently and to the highest standards. The leadership affirmed that work would continue across housing, healthcare, transport, and public service sectors in line with the development framework endorsed by parliament.

Over 100 Italian Companies to Attend Libya Investment Forum in Benghazi
Over 100 Italian Companies to Attend Libya Investment Forum in Benghazi

Libya Review

time19 hours ago

  • Libya Review

Over 100 Italian Companies to Attend Libya Investment Forum in Benghazi

Benghazi is preparing to host a major Libyan-Italian Economic Forum from June 24 to 27, signaling renewed interest among Italian companies in investing in eastern Libya. Organized by the Italian-Libyan Chamber of Commerce in partnership with Libya's Reconstruction and Development Fund, headed by Belgassem Haftar, the forum comes just after Libya's House of Representatives approved a long-awaited development budget. According to Nicola Colicchi, president of the Italian-Libyan Chamber of Commerce, the event reflects growing economic confidence in the region. Despite ongoing instability in western Libya, he noted that eastern Libya is offering a more stable environment for investment. Colicchi, a seasoned entrepreneur with deep knowledge of Libya's markets, emphasized that Italian goods and services remain highly valued in the country. Italian participation is expected to be broad, with over 100 companies registered to attend. These firms represent a wide range of sectors, including construction, infrastructure, engineering, healthcare, urban planning, logistics, agriculture, energy, and tourism. The initiative aims to facilitate direct partnerships between Libyan institutions and experienced Italian companies with a strong record of delivering in complex markets. The forum also serves as an entry point to wider African markets. Colicchi described Cyrenaica (eastern Libya) as a strategic hub, connecting Europe with sub-Saharan Africa. He also praised Italy's recent diplomatic engagement, noting that Prime Minister Giorgia Meloni remains the only European leader to have visited Benghazi in recent years. Colicchi identified Belqasem Haftar as one of Libya's most important economic actors, citing his leadership in post-crisis reconstruction and his supervision of public investment projects in Derna and other cities. The Reconstruction Fund, he said, is becoming a reliable partner for foreign investors seeking long-term opportunities in Libya. Tags: benghaziInvestment ForumItalian Firmslibya

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store