
An agreement was signed last Friday to establish food factories spanning approximately 20,000 square meters in Kufra’s Al-Jouf Free Zone. This initiative is part of investment projects designed to bolster the industrial and food sectors in the region. Jibril Al-Abed, head of the projects department at Al-Jouf Free Zone, informed the Libyan News Agency LANA that a private company will implement this project. He stated that it aims to support the national economy, foster an appealing investment environment, and develop industrial infrastructure to revitalize economic activity. The project includes multiple food processing plants intended to satisfy local market demands, enhance food security, and generate new employment opportunities in the city. Al-Abed noted that this development marks the beginning of significant investment projects in Al-Kufra's food industry sector, which will contribute to the region's economic development.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Libya Herald.

Tunisia's Ministry of Transport announced the launch of a new regular international shipping line, with the Port of Zarzis receiving its first container ship. This new line connects the Tunisian commercial ports of Zarzis and Rades with Italy's Gioia Tauro and Libya's Tripoli port. The ministry stated that this initiative aims to boost economic activity and trade in southeastern Tunisia, addressing requests from companies in the region involved in export activities through the Zarzis commercial port. It also seeks to encourage investment by reducing transportation costs and transit times and utilizing the port's resources. Additionally, the commercial port of Zarzis is preparing for dredging works by the end of this year to accommodate larger vessels with an 11-meter draft for commercial and cruise ship traffic, while also enhancing maritime navigation safety.

The Central Bank of Libya CBL, through its Governor and Chairman of the Anti-Money Laundering and Counter-Terrorism Financing Committee, has increased the cash currency limit that passengers must declare upon entering or leaving Libya. The new ceiling for authorized cash amounts has been raised from $10,000 to $30,000. This decision aims to encourage the inflow of currency into Libya and enhance transparency. The CBL also issued instructions for all ports of entry to display signboards and provide designated areas for completing declaration forms, as part of broader efforts to regulate the movement of funds.

The Tripoli-based Libyan Ministry of Oil and Gas announced on April 23 that it held a meeting with a delegation from the US-based Metis Energy and its local partner, the IMI Group. The discussions focused on cooperation in modern technological solutions and energy sector infrastructure development, with a specific emphasis on reducing gas flaring in oil operations. This initiative aligns with the Ministry's efforts to strengthen international partnerships and enhance technical expertise within the sector. The Ministry's team included the Director General of the General Directorate of Planning and Follow-up, the Director General of the General Directorate of Technical Affairs, the Director of the Renewable Energy Office, and the International Cooperation and Relations Office team. Representing Metis Energy was its President, Suhail Sassi, and for the IMI Group, its Vice President, Dr. Ahmed Abu Rukba.

Libya's Celene Olive Oil Company secured a gold medal in the Extra Virgin Olive Oil Quality Competition at the Japan Olive Oil Prize JOOP 2026. The Libyan Export Development Authority LEDA highlighted this achievement as a reflection of the quality and global competitiveness of Libya's national product. LEDA commended Celene Olive Oil Company for its international representation and affirmed its commitment to supporting the olive oil sector's development to position Libya among leading exporting countries. LEDA also stated its readiness to provide necessary facilities and support for the sector.