Via the Atlantic Council, commentary on China’s growing engagement with North Africa: Talk of China in the Middle East and North Africa (MENA) rarely focuses on the latter, but Beijing has made significant gains in its recent outreach to the Maghreb. This was highlighted in September when the Forum on China-Africa Cooperation (FOCAC) Ministerial Conference […]
Read more »Via Rest of World, a report on Presto, the Libyan delivery app now planning to expand to neighboring countries: Presto is now the second-largest delivery company in North Africa, after Glovo. The company navigated the unique challenges of Libya’s security situation and government-dominated workforce. In September, Ammar Hmid, the founder and CEO of Presto, celebrated […]
Read more »Via Middle East Eye, a report on deteriorating conditions in Libya: Libya’s oil production and exports plunged Thursday as warring political factions appear to be digging in for a feud over control of the war-ravaged country’s central bank and the petrodollars it holds. The closure of oil fields and terminals across eastern Libya slashed the Opec […]
Read more »Via South China Morning Post, a report on how Beijing and Tripoli are rebuilding ties after China pulled investors out in 2011: Before the 2011 revolution that toppled Muammar Gaddafi and led to a bloody civil war in Libya, China had vast interests in the oil-rich North African nation. At the time, 75 Chinese companies controlled 50 large projects […]
Read more »Via Nova News, an article on a planned economic forum between Libya and China: The Minister of Economy and Trade of the Government of National Unity (GUN) of Libya, Mohamed al Hawaii, met with members of the Board of Directors of the Libyan-Chinese Joint Economic Chamber to discuss, among other things, a Libyan-Chinese economic forum in […]
Read more »Via The Africa Report, commentary on why Egypt and Turkey’s economic rapprochment needs Libya: After ten years of a consistently tense diplomatic relationship, Cairo and Ankara have buried the hatchet to start afresh. Will this reconciliation be enough to boost their weakening economies? In the current global political climate, both Egypt and Turkey are suffering economically. To […]
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