| Libya's sovereign wealth fund, which is conducting a review of all investments made by the toppled Gaddafi regime, has uncovered potentially large losses in its $5 billion Africa portfolio, its acting chief executive said.
The Libyan Investment Authority (LIA), whose assets are estimated at $65 billion, will suspend investments until a new management, including a replacement for Chairman Mohamed Layas, is appointed by the cabinet, Rafik Nayed told Reuters.............................................Full Article: Source
|