LPTIC consolidates key African telecom investmentsLPTIC, Libya's leading postal, telecommunications and information technology company, has consolidated several Libyan-owned shareholding in mobile and fixed-line network operating companies in sub-Saharan Africa. More… |
Libya's sovereign wealth fund 'in limbo'The outgoing head of Libya's sovereign wealth fund said a decision to sack him has left its restructuring plans and the pursuit of compensation for investment losses in limbo, potentially costing the country millions. More… |
Libya wealth fund to finance reconstructionSome of the over-large cash component of Libya's $65-billion sovereign wealth fund will be put to work financing post-Gaddafi reconstruction, leaving time for a full review of its less liquid investments. "I expect an immediate shri More… |
Top banks managed Libyan moneyGoldman Sachs and HSBC together held $335 million of the Libyan oil fund's assets, while Societe Generale held $1 billion in structured products for the fund, Global Witness said on Thursday. The campaigning group for development issue More… |