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Sovereign Wealth Funds Briefing - Categorized | Market

Libya as an African Power

Posted on 17 March 2010

From Worlddefensereview.com: A government entity, the Libya African Portfolio for Investments (LAP), overseen by the country’s main sovereign wealth fund, the Libyan Investment Authority (LIA), numbers among its companies the Libyan Arab African Investment Company (LAAICO), which has a mandate to promote business growth in Africa by investing in sectors as diverse as agriculture, mining, manufacturing, real estate development, telecommunications, and tourism.
Considerably more important than its role as a donor of development assistance has been Libya’s role as an investor in Africa………………………………….Full Article: Source

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