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The Report: Misrata 2024: Agriculture and Food Industry
OBG
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While Misrata has traditionally relied on industries such as manufacturing and trade, the agriculture sector and food segment have been quietly gaining momentum in recent years. Misrata’s relatively favourable climate and fertile land have fostered the growth of various crops, including olives, citrus fruits and grains, while proximity to the city’s trade infrastructure has assisted with access…
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The Report: Misrata 2024: ICT and Innovation
OBG
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In an increasingly interconnected world, ICT has become indispensable. Libya’s demographic profile, with a median age of 26.1 as of 2020, creates a conducive environment for digitalisation. By leveraging digital technologies and communications networks, Misrata aims to take advantage of physical infrastructure like road connections, ports and industrial capacity to drive economic growth across sectors.…
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The Report: Misrata 2024: Energy, Construction and Infrastructure
OBG
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As a member of the Organisation of the Petroleum Exporting Countries and 48.4bn barrels of proven crude oil reserves – the most in Africa – and 1.5trn cu metres of proven natural gas reserves, Libya is a significant player in the regional and global hydrocarbons sector. The state-run National Oil Corporation (NOC) is responsible for exploration and production. By increasing the involvement of IOCs…
Chapter

The Report: Misrata 2024: Trade, Industry & Automotive
OBG
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Trade has played a significant role in Libya’s economy since the early 2000s, although it faced significant challenges due to economic and trade sanctions imposed by Western governments prior to the revolution. There has been a modest resurgence in trade, particularly as stability has improved with trade partners keen to capitalise on Libya’s strategic location. Misrata’s transit trade endeavours…
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The Report: Misrata 2024: Transport & Logistics
OBG
plus

Despite headwinds ranging from ports and terminal closures and the risk of piracy and theft to Libya's political division, this critical sector is rebounding amid improved infrastructure and enhanced logistics capabilities, including the rehabilitation of roads and the expansion of airports. Additionally, in recent years several foreign companies have expressed interest in investing in the logistics…
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The Report: Misrata 2024: City Profile
OBG
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The city and district of Misrata, Libya’s third-largest urban centre, is situated on the Mediterranean coast roughly 200km east of Tripoli and 800km west of Benghazi. As the single largest port of entry for goods arriving into the country, Misrata is viewed as the trade capital of Libya as well as the country’s business capital, particularly in terms of commodities trading between other cities…
Chapter

The Report: Misrata 2024: Financial Services
OBG
plus

Due to the introduction of new players, innovative products and services and regulatory reforms, the banking sector in Libya and Misrata has undergone significant changes. The Central Bank of Libya (CBL) and the Libyan Foreign Bank – which is 100% owned by the CBL – oversee and regulate the industry, with the Bank of Commerce and Development, the National Commercial Bank and Sahara Bank among the…
Chapter

The Report: Misrata 2024: Country Profile
OBG
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Located on the Mediterranean coast of North Africa and bordering Egypt, Sudan, Chad, Niger, Algeria and Tunisia, Libya has a rich history dating back to the Phoenician era. Though there has been an end to violent conflict following the 2011 overthrow of Muammar Gaddafi, political stalemate continues and the government is currently divided between Tripoli and Tobruk Nevertheless, in the last couple…
Economic News

Climate risk is reshaping the insurance sector in emerging markets

– New global initiative seeks to support countries vulnerable to climate risk – Modelling climate risk offers a path towards more holistic insurance policies – Insurance industry has an opportunity to rethink how businesses mitigate risk – Merging net-zero targets with insurance strategies is a promising approach With the launch of a new joint initiative to support the…
Market Profile Video

Comment les Principes ESG créent de nouvelles opportunités aux économies africaines

In English Cette vidéo explore comment les principes environnementaux, sociaux et de gouvernance (ESG) créent de nouvelles opportunités pour le développement durable des économies africaines. Les gouvernements d’Afrique subsaharienne collaborent avec le secteur privé pour co-développer des zones industrielles. À mesure que les entreprises continuent à se développer, l’usage