🇱🇾LibyaNorth Africa
Libyan officials review investment climate reforms to attract foreign capital
via Libya Herald1 min read
A meeting was held in Tripoli to follow up on the US State Department’s Investment Climate Report, pursuant to Prime Minister’s Resolution No. 593 of 2025. The gathering included the team leader and Minister of Economy and Trade, Suhail Aboushiha, the head of the Executive Team for PM’s Initiatives and Strategic Projects, Mustafa Al-Manaa, the Minister of Oil and Gas, Khalifa Abdel-Sadig, the Chairman of the Libyan Investment Authority, Ali Mahmoud, and the Executive Director of the Privatization and Investment Board PIB, Abdullah Al-Tabouli, among other national team members. Discussions focused on enhancing foreign investment, expanding economic partnerships, and creating a more competitive investment environment to support economic development. Attendees reviewed progress on the investment climate reform measures matrix, the unified digital window project for foreign company registration, and the development of executive regulations. The meeting concluded with an emphasis on adopting a work mechanism for periodic follow-up of the reform matrix to improve performance, address challenges, and boost Libya's investment climate competitiveness.
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 price of locally produced cement in Libya has increased by 11.5% since mid-June, reaching an average of 81.5 dinars per 100 kilograms. This surge is attributed to the government's load shedding policy, which prioritizes domestic electricity supply over industrial needs. As a direct result, the Mirgib, Soug al-Khamis, and Leptis cement factories have completely shut down. The average cash price for 100 kg of Al-Ittihad factory cement rose by 8.5 dinars from 73 dinars in mid-June to 81.5 dinars. Cement prices also vary based on manufacturing factory, delivery location, and payment method, with debit card payments being slightly higher due to ongoing cash shortages in Libya. Despite several local factories, Libya continues to import significant quantities of cement from countries like Tunisia and Algeria.
The Undersecretary of Libya's Ministry of Housing and Construction, Abu Bakr Oweidat, met with a delegation from the French company SUEZ in Tripoli. SUEZ is a global leader in water, sanitation, and infrastructure management. The meeting is part of the Ministry's strategy to enhance international cooperation and form strategic partnerships with specialized global institutions to support national reconstruction and infrastructure development efforts. Discussions focused on establishing an institutional partnership with SUEZ to leverage its expertise in planning, design, implementation, operations, and asset management to improve water and sanitation systems in Libya. Both parties also explored mechanisms for a joint strategic vision to develop and maintain water and sewage networks across Libyan cities, aligning with sustainable development goals. This initiative aims to foster technical cooperation through expertise exchange, knowledge transfer, technology localization, and national capacity building. The Ministry's Undersecretary emphasized the importance of strategic partnerships for development and reconstruction programs, and for accelerating vital projects. The meeting concluded with an agreement to continue technical coordination and to draft a framework and joint strategic vision to define cooperation priorities and implementation mechanisms, supporting the state's reconstruction objectives and the "Return to Life" initiative for sustainable urban development and impro
South Africa's Minister of Human Settlements, Thembi Simelane, met with Libya's Minister of Housing and Construction, Essam Al-Tamouni, to explore cooperation in housing and urban development. Minister Simelane provided an overview of South Africa's Ministry of Human Settlements, while Minister Al-Tamouni outlined his ministry's strategic mandates and plans for utility sector development. Department directors from both sides gave technical presentations, fostering an exchange of insights. The meeting concluded with an agreement to enhance communication between Libya's Ministry of Housing and Construction and South Africa's Ministry of Human Settlements' Research and Studies Department, aiming to exchange expertise and establish frameworks for sustainable cooperation and shared goals.