Latest news with #KhaledAl-Mabrouk
Libya Observer
3 days ago
- Business
- Libya Observer
Libya acquires shares in African Export-Import Bank
The African Export-Import Bank (Afreximbank) announced that Libya has acquired a number of its shares, having paid the full amount on May 13. Libya joined the bank's founding agreement in October 2024, becoming the 52nd African country to do so. The bank operates in areas such as infrastructure, oil and gas, and the export of manufactured goods to other African nations. It also supports regional integration projects targeting countries across North Africa. Commenting on the development, Libya's Minister of Finance in the Government of National Unity, Khaled Al-Mabrouk, emphasized the importance of the partnership in supporting reconstruction efforts and economic diversification in the country. 'This acquisition of shares in Afreximbank solidifies Libya's status as a full member and shareholder in this prestigious African multilateral institution. It marks a historic achievement following our accession to the bank's founding agreement,' Al-Mabrouk said. Afreximbank is a pan-African multilateral financial institution tasked with financing and promoting intra-and-inter-African trade. Tags: African Export-Import Bank
Libya Observer
14-05-2025
- Business
- Libya Observer
Libya, Islamic Development Bank discuss economic empowerment and food security
The Ministry of Finance held talks with the Islamic Development Bank (IsDB) to explore support for a number of development initiatives. Finance Minister Khaled Al-Mabrouk met with an IsDB delegation led by Ahmed Ag Abou Bakrine in Tripoli during the group's official visit from 10 to 13 May. The two sides discussed economic empowerment programmes targeting small and medium-sized enterprises, as well as initiatives to improve livelihoods through sustainable economic strategies. Talks also covered food security efforts, capacity-building in Islamic finance, and enhancing partnerships between Libya's public and private sectors. Al-Mabrouk welcomed the cooperation and praised preparations for a 2025–2028 country partnership programme, as well as plans for a 'Bank Activities Day' in Libya this July to raise awareness of the institution's role. Tags: Ministry of Finance Islamic Development Bank
