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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…
Chapter

The Report: Misrata 2024: Transport & Logistics
OBG
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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…
Chapter

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…
Focus Report

"Focus Report" : Comment les Zones Économiques Spéciales façonnent le paysage industriel de l'Afrique

In English Alors que l'Afrique se lance dans une nouvelle ère marquée par la Zone de Libre-Échange Continentale Africaine (ZLECAf), les Zones Économiques Spéciales (ZES) émergent en tant que catalyseurs favorisant la croissance économique régionale. L'impact de la nouvelle ZLECAf sur les ZES du continent est un vecteur clé pour la croissance de l'Afrique, avec une amélioration…
Global Platform

Hussein Mohamed Altaher Issa, CEO, Aletah Group

In this Global Platform video, Hussein Mohamed Altaher Issa, CEO, Aletah Group, talks about Libya’s economic transformation and the emerging opportunities in the country. Previously reliant on oil as its main source of income, business leaders are envisioning alternative avenues for economic growth. Misrata, the third-largest city, presents logistical advantages and a thriving seaport, making
Economic News

African gas suppliers look to meet Europe’s future LNG demand

– The EU is looking to sign gas deals as a bloc in bid to limit imports from Russia – Established suppliers like Algeria, Egypt and Nigeria ramp up exports to the EU – Commercial gas diplomacy is kick-starting new projects and production – Emerging LNG exporters Mauritania and Senegal to enter market in 2023 As the EU works to rebalance its gas supply away from Russia,…
Focus Report

Focus Report: How are Libya's free zones incorporating ESG norms into their business practices?

Given the supply chain disruptions since the Covid-19 pandemic, investment in ports and free zones has become more crucial to the global economy and the resilience of trade. With transport one of the leading contributors of carbon emissions globally, ensuring new and existing infrastructure aligns with internationally established environmental, social and governance (ESG) principles is a growing…
Growth Perspectives Video

Video: The Misurata Free Zone facilitates Libya’s economic expansion

This Growth & Recovery Outlook video highlights Libya’s Misurata Free Zone (MFZ), which is at the heart of the country’s economic expansion. Not only does the free zone connect Libya to landlocked countries like Chad and Niger, but it also handles much of the country’s incoming vessels and container traffic. As its importance to trade in Libya continues to grow, implementing the proper