馃嚤馃嚲LibyaNorth Africa
Libyan Business Council Benghazi branch hosts Chinese Ambassador to discuss economic cooperation
via Libya Herald1 min read
The Libyan Business Council, Benghazi branch, recently hosted Ma Xioliang, the Ambassador of China to Libya, to discuss strengthening joint economic cooperation. This meeting follows the planned reopening of the Chinese Embassy in Libya at the end of 2025. Discussions focused on facilitating the return of Chinese companies to the Libyan market and their involvement in development and reconstruction projects. Ambassador Ma Xioliang highlighted the crucial role of the Libyan Business Council and other Libyan economic institutions in fostering connections between Libyan and Chinese companies, promoting expertise exchange, and establishing productive partnerships. The Libyan Business Council expressed its willingness to collaborate with the Embassy and relevant authorities to create an environment that supports the private sector's role in reconstruction and enhances trade relations between the two nations.
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.
The Libyan Industrial Union LIU announced that the third "Made in Libya" exhibition will be held in Mauritania in December 2026. This announcement followed a meeting between the Chairman and Executive Director of the LIU and the Mauritanian Ambassador to Libya at the LIU's Tripoli headquarters. The visit aimed to strengthen economic partnership between the two countries and finalize coordination and logistical arrangements for the exhibition. The LIU stated that the event seeks to create new export opportunities and foster cooperation between Libyan manufacturers and their counterparts in Mauritania and West Africa. Both parties expressed their commitment to ensuring the success of this economic event to support Libyan national products and enhance their regional presence.
The Libyan Business Council LBC and Libya鈥檚 Planning Institute organized a debate in Tripoli titled "The Startup Ecosystem and Venture Investment: Engines of Economic Growth." The event aimed to raise awareness about entrepreneurship's role in the national economy. Ms. Sumaya Al-Majdoub opened the dialogue, emphasizing the importance of such events for fostering innovation and strengthening partnerships between academia and the private sector. Mr. Riad Khalil discussed the concept of startups and venture capital, their impact on economic growth, challenges for entrepreneurship in Libya, and strategies to develop a supportive environment for startups. The workshop also highlighted successful international models for integrating private capital with innovative projects and creating an environment conducive to growth and innovation. The debate concluded with discussions among researchers and interested parties on supporting startups and enhancing the investment and innovation landscape for sustainable economic development.
The Chairman of Libya鈥檚 National Oil Corporation NOC, Masoud Suleiman, announced the official signing of Exploration Production and Sharing Agreements EPSAs for the 2025 bid round. These agreements were made with consortiums comprising several leading global energy companies, a move Suleiman described as strategic, reflecting international confidence in Libya's oil and gas sector. The signed agreements involve three international consortiums: one with Spain's Repsol and Turkish Petroleum Company; a second led by Italy's Eni in partnership with QatarEnergy; and a third including Hungary's Mall Group, Turkish Petroleum Company, and Spain's Repsol. Suleiman emphasized that these agreements are part of ongoing efforts to stimulate exploration and development in oil fields and attract quality foreign investments. He noted that these partnerships support Libya's plans to increase daily production rates and secure financial returns, contributing to the national economy.