Latest news with #LibyaAfricaInvestmentPortfolio
Libyan Express
22-05-2025
- Business
- Libyan Express
Libya and Niger discuss transit corridor cooperation
Libya and Niger advance strategic transit corridor partnership Representatives from Libya and Niger met in Tripoli on Tuesday, 20 May 2025, to discuss the ambitious 'Libya Africa Transit Corridors' project aimed at transforming regional connectivity across North and West Africa. The high-level meeting brought together Libya's Joint High Committee for the 'Libya Africa Transit Corridors' Project, including officials from the Libya Africa Investment Portfolio (LAIP) and the Ministry of Transport, alongside Niger's Chargé d'Affaires to Libya. Libya's Undersecretary of the Ministry of Transport for Land Transport Affairs led the discussions, joined by senior officials including the Director of Strategic Planning at the Libya Africa Investment Portfolio and the Director General of the Land Transport Authority. The Libyan Ministry of Foreign Affairs and International Cooperation also participated, highlighting the project's diplomatic significance. The Libyan delegation presented comprehensive details of the transit corridor initiative, emphasising its potential to drive economic and social transformation across the region. The project is designed to boost trans-Saharan commerce and strengthen continental trade links extending far beyond the two participating nations. Niger's diplomatic representative praised the initiative and expressed appreciation for Libya's decision to route one of the strategic corridors through Niger. This positive reception demonstrates both countries' commitment to deepening their partnership. The meeting concluded with an agreement to draft a memorandum of understanding that will establish the foundation for bilateral cooperation on the project. The 'Libya Africa Transit Corridors' initiative represents a major infrastructure undertaking designed to connect Libya with its African neighbours to the south. The project encompasses two primary routes: one connecting Misurata through Tamanhint to Agadez in Niger, and another linking Benghazi via Kufra towards Sudan. This ambitious venture promises to enhance Libya's role as a gateway between Mediterranean markets and sub-Saharan Africa whilst supporting regional economic integration across the continent.
Libya Herald
22-05-2025
- Business
- Libya Herald
Committee for Libya Africa Transit Corridors Project convened with Niger Chargé d'affaires – agree to develop MoU
The Libya Africa Investment Portfolio (LAIP) reported yesterday that its Joint High Committee for the Libya Africa Transit Corridors convened last Tuesday (20 May) with the Chargé d'affaires of the Republic of Niger's Embassy to Libya to discuss project cooperation. Attendees comprised the committee head, who serves as Undersecretary of the Ministry of Transport for Land Transport Affairs, alongside the Director of Strategic Planning at the Libya Africa Investment Portfolio and the Director General of the Land Transport Authority. A representative from the International Cooperation Department at Libya's Ministry of Foreign Affairs also participated. The committee outlined the project's components and strategic objectives, emphasising its intended economic and social impact across Libya, Niger, and the broader African continent through improved trans-Saharan trade and regional connectivity. LAIP reported that Niger's Chargé d'affaires responded positively to the proposal, noting Libya's decision to route a strategic pathway through Niger. Both parties agreed to develop a Memorandum of Understanding as an initial framework for bilateral cooperation on the project. LAIP said the Libya Africa Transit Corridors Project forms part of Libya's strategy to strengthen regional connections with neighbouring African nations. Implementation plans feature two primary routes: Misrata-Tamanhint-Agadez (Niger) and Benghazi-Kufra-Sudan. . Libya-Niger and Libya-Sudan Transit Road Projects Committee meets – starts preparation for work plan and formation of subcommittees Chad signs agreement with Egypt to construct Chad section of the Egypt-Libya-Chad Transit Road Eastern Libya signs MoU to construct its section of the Egypt – Libya – Chad Transit Road Project Tripoli Transport Minister seeking to activate Transit Roads to Niger and Sudan Transport Minister discusses ''practical steps'' for transit road project with Niger At the opening of the ''Made in Libya'' event in Niamey, Niger, Aldabaiba looked forward to the new transit trade road ( Libya and Niger sign transit road implementation MoU Implementation timetable set for Libya to Niger, Libya to Sudan Transit Roads projects Libya and Tunisia to formulate clear vision for transit trade between Tunisia and Libya into African markets Tripoli Transport Minister seeking to activate Transit Roads to Niger and Sudan Libya discusses with Chad direct flights and the Transit Trade Road Libya-Niger Transit Trade Road report says US$ 3.2 bn project has numerous national and international benefits ( Benghazi's Jiliana Free Port continues transit trade to Chad Transit Trade: First transshipment operation from Jiliana Free Zone, Benghazi, to Europe Libya-Niger Transit Trade Road report says US$ 3.2 bn project has numerous national and international benefits At the opening of the ''Made in Libya'' event in Niamey, Niger, Aldabaiba looked forward to the new transit trade road ( Cabinet approves projects with foreign entities: Roads, transit trade, feasibility studies, radar systems, culture and training ( The Forum and Exhibition for Transport and Transit Trade in Africa (AFRO-TT) opened in Algiers ( Algeria and Libya's strategic ''gateway'' location and sub-Saharan Africa's huge potential heralds great potential for transit trade ( Algeria and Libya's strategic ''gateway'' location and sub-Saharan Africa's huge potential heralds great potential for transit trade ( Ministry of Economy and Trade discusses mechanism of activating transit trade, free zones and Africa Transport and Transit Trade Forum ( ''Made in Libya'', Niamey, Niger 6 to 11 March 2023: to aid exports, transit trade and economic diversification ( Preparations for the second ''Made in Libya'' edition in Niamey, Niger progressing ( Libya prepares for ''Made in Libya 2'' exhibition in Niamey, Niger – exports and transit trade to Africa discussed ( Most of the ''Made in Libya'' exhibition space already allocated: Libya Industrial Union ( Minister of Industry and Minerals discusses cooperation with Military Industrialization Authority and latest preparations for the Made in Libya exhibition ( Libyan Industrial Union to co-organize a ''Made in Libya'' fair in Tunis in September ( Over 150 Libyan companies to participate in ''Made in Libya'' exhibition to be held in Tunis (
Libya Herald
02-05-2025
- Business
- Libya Herald
Op-Ed: Libya's premium real estate, undervalued strategic assets in Central Africa – wasted potential needing leverage beyond oil through a new African partnership vision
After spending some time recently in the Central African Republic, I got to see firsthand what the Libyan African Investment Company (LAICO) has built over decades—from hotels to banks, to compounds that could have become regional hubs for cooperation. LAICO is a subsidiary of Libya's Africa focused sovereign fund, the Libya Africa Investment Portfolio (LAIP). It plays a significant role in Libya's economic presence across Africa. Instead, many of these assets are neglected or mismanaged by contractors with no real incentive to see these investments serve Libya or the host country. What is being wasted is not just property. It is potential. Potential for trade, diplomacy, education, and soft power that could connect Libya to Central Africa in a way no oil barrel ever could. Libya needs a new vision for its African investments Libya doesn't just need to protect its wealth abroad. It needs to activate it. With a new vision, these abandoned investments could support cross-border tech hubs, regional youth development programs, and strategic trade centers—bringing Libya back to the table as a serious partner in African development. We talk a lot in Libya about diversification. But it starts with seeing value in what we already have. It's time we asked: How can Libya transform and leverage its frozen and mismanaged assets into real African partnerships? . Mohamed Lateri is Head of Business Development at Makaman Libya Oil Services Inc | Founder @ eGlomo Ltd. Libya Herald is not responsible for the contents of this op-ed. Op-Ed: Libya's Missing Link – Why Data is the Key to Reform While Preventing a Public Backlash
