Libya and African Development Bank Group collaborate on transport sector reforms for economic recovery
via Libya Herald2 min read
The African Development Bank and Libya's Tripoli-based Ministry of Transport concluded a three-day workshop in Tunis to define a roadmap for implementing a strategic transport sector study. This initiative aims to support Libya's economic recovery. The workshop, held from April 15 to 17, brought together Bank experts and representatives from Libya's ministries of Finance and Transport, focusing on implementation arrangements. The Libyan delegation was led by Issam Abdallah Al-Qouri, Chair of the Preparatory Committee at the Ports and Maritime Transport Authority. The study is funded by a $340,000 grant from the African Development Bank Group's Middle-Income Country Technical Assistance Fund MIC-TAF, supplemented by Libyan Government funding. It will prepare a strategic transport sector plan to improve efficiency and performance, contributing to Libya's broader economic recovery reforms. The study will include a situational and gap analysis, a strategic plan with prioritized actions, policy and institutional reform recommendations, an action plan for private sector participation, and indicative financing options. It will also identify bankable public and private sector projects and build a stronger pipeline for future Bank engagement in transport and logistics infrastructure. Malinne Blomberg, the Bank Group's Deputy Director General for North Africa and Country Manager for Libya, emphasized that an efficient transport system connects people to opportunities, facilitates trade
Free daily or weekly digest of the most important stories from across 10 countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Libya Herald.
The Chairman of the Tripoli Chamber of Commerce, Anwar Bousta, met with Daniel Schemsky, the Chargé d’affaires and Deputy Ambassador of Germany to Libya, at the Chamber’s headquarters. Board members Essam Al-Jahani and Saad Al-Dhawi also attended. The meeting focused on strengthening economic cooperation and developing relations between Libya and Germany. Discussions covered various vital sectors and ways to support economic and trade ties, aiming to open new opportunities for the private sector in both nations. Preparations for the upcoming Libyan-German Economic Forum, scheduled for May, were reviewed. The forum is considered important for enhancing partnership opportunities, fostering communication between investors, and facilitating the entry of German companies into the Libyan market. The participants emphasized coordinating efforts to elevate the private sector's role as a key driver for sustainable economic growth, strengthening long-term partnerships, and encouraging foreign investment, particularly from Germany. The Tripoli Chamber stated that the meeting aligns with its commitment to expanding international relations and supporting the business environment to attract investments, ultimately benefiting the national economy.
Faisal bin Dardaf, Director of the National Housing and Real Estate Development Programme, met with the Korean Ambassador to discuss reactivating stalled housing projects. The meeting on Tuesday, April 21, focused on ensuring the completion of these projects according to approved plans. Both sides emphasized supporting government efforts to address the housing crisis by constructing 150,000 housing units and strengthening technical cooperation to guarantee quality implementation and overcome obstacles. The National Housing and Real Estate Development Programme is opening registration for construction companies to implement new and stalled projects. Libya needs over one million housing units in the next 10 years, estimated to cost over 200 billion dinars. Prime Minister Aldabaiba has been following up on his 150,000-unit housing initiative. The Real Estate Savings and Investment Bank has launched a "Savings for Housing" Islamic Sharia savings account, and the Libya Industry Union supports the Central Bank of Libya's initiative to complete stalled housing projects using cheaper, locally manufactured raw materials. The Tripoli-based Libyan government plans to complete 150,000 housing units by 2030.
Must ReadThe Tripoli-based Libyan government has officially endorsed its 2026-2050 National Water Security Strategy. This strategy, developed with support from the UNDP and the Government of Italy, aims to address water scarcity and build climate resilience. Its objectives include protecting natural resources, upgrading aging infrastructure, and ensuring clean water for future generations. The strategy represents a shift from prioritizing demand fulfillment at any cost to efficient, sustainable water management, aligning with SDG6.
Must ReadLibya's National Oil Corporation NOC Chairman, Masoud Suleiman, met with representatives from the Nigerian company Aiteo. Aiteo was a successful bidder in the public tender round, securing Block M1 in the Murzuq Basin for exploration. The discussions focused on Aiteo's plans for a comprehensive exploration program, which includes seismic surveys, drilling multiple wells, and developing existing discoveries within the block. Aiteo confirmed its commitment to the agreed work program and has started establishing a branch in Libya and registering with the Ministry of Economy. This is in preparation for signing a production-sharing agreement with the NOC. Suleiman stated that the meeting is part of ongoing efforts to monitor the progress of companies that won public tender bids and to strengthen the exploration sector to support the Libyan economy.