Libya Africa Investment Portfolio (LAP) Focusing on Developing Human Resources

The African Development Bank Group (AfDB) approved the Country ReEngagement Note 2014-2016, allowing the Bank to re-engage with Libya. This positive change demonstrates the improved optimism about the country’s future that business environment is improving, and that companies are going back to the country.

The Bank is already working with a number of Libyan institutions, notably the Libya Africa Investment Portfolio, and will explore areas of co-financing in Africa as well as helping Libya to diversify and enhance returns on its significant resources.” According to a statement on the AfDB website.

Mr. Nizar Elshirerf the Human Resources Manager in LAP stated that they are focusing on developing young talents in partnership with AfDB. In 2013, four interns were sent to Tunisia for six months to train in different fields of sectorial investments, such as agricultural and infrastructure. They also had the opportunity to work with the African Legal Support Facility, which is known for providing assistance to African countries in the legal area of funds. Furthermore, this year, LAP will be sending six more employees for a one-year program with AfDB.

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