The Libyan Prime Minister Abdul Hamid Dbeibah spoke about four risks facing Libyan investments in Africa. His notes were made during an expanded meeting on Monday to follow up on investments in African countries. Meanwhile, the Director General of the Libya Africa Investment Portfolio, Mohamed Al-Miladi, gave a presentation that included the portfolio’s activity in Africa and the difficulties facing the portfolio in all countries. He described the current situation of the portfolio as “positive” compared to previous years. The Director of the Libyan Foreign Bank, Khalid Al-Konsul, said that Burkina Faso’s decision to nationalize a joint bank with Libya is an illegal measure, which was made “despite the efforts by the Libyan Foreign Bank and the Ministry of Foreign Affairs with Burkina Faso's side for a legal settlement.”Last Thursday, Burkina Faso government announced the nationalization of the Libyan Arab Bank for Trade and Development, which was established in partnership with the Libyan Foreign Bank, claiming that it aims to ensure better governance of the bank.

Source: Libya Observer May 27, 2024 23:51 UTC