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This article also features in Africa Prosperity Dialogues (APD) 2026. Read more about this report and view purchase options in our online store.

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Event Video

Africa Prosperity Dialogues (APD) 2026

The Africa Prosperity Dialogues (APD) 2026 is a three-day continental gathering taking place 4-6 February 2026 at the Accra International Conference Centre. Under the theme "Empowering SMEs, Women & Youth in Africa's Single Market – Innovate. Collaborate. Trade," the event will convene over 6,000 delegates from more than 104 countries, including Heads of State, CEOs, and innovators. The programme…

Economic News

National Oil Corporation advances investment framework to fortify industry stability
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Following the hosting of the Libya Energy & Economic Summit in Tripoli from January 24 to 26, 2026, the country stands at a critical point in its economic rehabilitation. While the broader political environment is characterised by institutional duality, the energy sector has become relatively stable. Production levels have shown resilience, reaching approximately 1.38m barrels…

Economic News

Libya creates framework in pursuit of monetary stabilisation
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Libya’s public finances have long been characterised by institutional division with authorities in the east and west of the country pursuing separate budgets and development agendas. This fragmentation had previously fuelled inflation and widened hard currency deficits. In November 2025 the Libyan House of Representatives and the Tripoli-based High State Council signed the agreement on the…

Economic View

Libya balances oil expansion, gas exports and renewable energy potential

On scaling up production capacity What are the prospects for scaling up oil production, and in what ways has the sector maintained stability amid persistent challenges? PEDRO RIBEIRO: Despite headwinds, national production has remained relatively steady at around 1.3-1.4m barrels per day (bpd), highlighting both the strength of the hydrocarbon base and the adaptability of operators working…

Economic View

Libya advances oil and gas revival with renewable expansion

On rebuilding legacy assets and advancing transition goals How would you characterise the current trajectory and outlook of the hydrocarbons sector? MASOUD SULEMAN MOUSA : The hydrocarbons sector is undergoing a revival, marked by rising international investor confidence and reforms. The first licensing round since 2008 – under the fourth exploration and production sharing agreement…

Global Platform

Mukesh Thakwani, CEO, B5 Plus Group, Unlocking Ghana’s potential through value-added manufacturing

In this Global Platform video, Mukesh Thakwani, CEO, B5 Plus Group, discusses the progress within Ghana’s steel industry, with local iron ore deposits helping to address raw material shortages and improve steel production quality. Value-added steel manufacturing in the country is set to drive industrialisation;, create jobs; and expand into key sectors like automotive, construction and oil and gas.

Economic View

Libya boosts insurance sector to attract investment and expand coverage

On boosting penetration and the diversification of Libya’s insurance portfolio To what extent can foreign investment and international expertise help advance the development of Libya’s insurance sector? ALRAGAE: Foreign participation can serve as a key catalyst for the sector’s growth. Libya’s insurance market stands to benefit significantly from international investment– especially…

Global Platform

Naser Gadad, General Manager, AlSahl Group Holding

In this Global Platform video, Naser Gadad, General Manager, AlSahl Group Holding, talks about the factors driving Libya’s economic progress. The country’s recovery is gaining momentum, supported by rising oil production and political stability. Growth is expected across six key sectors, with the private sector playing a vital role in diversification and job creation. Construction is crucial

Economic View

Libya attracts investment to diversify and grow its economy

On rebuilding investor confidence and supporting diversification What is the outlook for renewed British engagement in Libya’s reconstruction, particularly in energy, infrastructure and education? PETER MILLETT: The recent launch of a bidding round for 22 new oil and gas concessions – split between onshore and offshore blocks – has reaffirmed Libya’s ambition to reinvigorate…

Economic View

Libya outlines oil expansion and transition priorities

On cleaner energy, sustainability and Libya's energy roadmap What technical and operational measures are key to achieving 2m barrels per day (bdp) by 2030? M. KHALIFA ABDULSADEK: Libya’s production trajectory reflects both its historical capacity and the challenges faced in recent decades. At its peak in the early 1970s, output exceeded 3m bpd, but successive non-technical disruptions—including…

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