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…
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.
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…
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
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…
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…
On the role of sovereign wealth funds in encouraging foreign direct investment and good governance Why is governance so central to the success of sovereign wealth fund investment? ALI MAHMOUD: Good governance minimises risk and ensures that no one individual can sway the trajectory of the fund. We view governance as the cornerstone of long-term success. It allows sovereign funds to serve…
On the changing commercial ecosystem and how governance reforms are evolving to align with international standards How do you evaluate the trade finance landscape? MOHAMMED ALI ADDARRAT: Letters of credit remain the cornerstone of Libya’s trade finance landscape, initially dominated by imports of finished goods, such as food products, for consumer and public sector markets. Over the…
Global institutions, other countries and private sector actors must see African development as a priority, not just for Africa, but for their interests as well. Due to long-standing internal and external factors, Nigeria and Africa’s economic structures have been skewed to impede development, industrial expansion, job creation and the equitable distribution of wealth. If Nigeria is to fulfil its…
In English La Mauritanie, pays d'Afrique du Nord-Ouest et du Maghreb, possède une économie diversifiée avec plusieurs secteurs contribuant à sa forte croissance économique. L'économie du pays est principalement alimentée par le secteur minier, en particulier la production de minerai de fer, qui représente une part significative des revenus d'exportation. De plus, la Mauritanie dispose…
