UK government revises travel advice for Libya, lowering alert level in major cities

Libyan Business Council hosts debate on startup ecosystem and venture capital

The Libyan Business Council LBC and Libya’s 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.