Kenyan minister extols Libya's sovereign fund initiative
Posted by Editor on August 27, 2008 at 04:29 AM
Afrique en ligne reports that, “Citing the case of the Libya’s African Investment Portfolio (LAP), which has raised more than US$ 8 billion for investments across Africa’s most productive sectors, [Kenya’s Metropolitan Development Minister Mutula Kilinzo said Tuesday that] sovereign bonds was an option that most cities in Africa should emulate.”
OiLibya buys Shell's Ethiopia, Djibouti operations
Posted by Editor on July 20, 2008 at 12:08 PM
Thomson Reuters reported on Tuesday (July 15) that, “Libyan petroleum dealer OiLibya this month bought the retail business of Royal Dutch/Shell in Ethiopia and Djibouti for an undisclosed price, a Shell official said on Tuesday.”
OiLibya is owned by Libyan holding company Libyan African Portfolio (LAP).
Gadaffi threatens to divert Libyan African Portfolio funds if no common government formed
Posted by Editor on March 23, 2008 at 05:47 PM
The East African reports that, “With $5 billion in the Libyan African Portfolio (LAP), the country's sovereign wealth fund and oil prices at a record high, there is more where that Libyan money is coming from. The East African reported last week that the oil producer is increasingly seeking to use its economic muscle to further its political and strategic interests on the continent and that Gaddafi had threatened to divert the focus of the $5 billion LAP to the Mediterranean region if Africa ‘sacrificed its future’ and failed to form a common government.”