Libyan Investments Abroad on the Rise, New Focus on Africa
Most of the coverage about Libya the past few years has been about foreign investors pouring money into the promising oil and gas sector of the newly reopened North African nation.Very little has been said about Libya’s rechanneling of its oil revenues into foreign markets.
This time, recent disclosures from Tripoli shows the extent of Libya’s capital engagement outside of the country, which suggest an aggressive approach to placing money abroad. The data also shows that Africa is a major focus for Libya. Continue here.