Libya Africa Investment Portfolio: Vision and Strategy

Ahmed A. Kashadah, Managing Director of Libya Africa Investment Portfolio (LAP), talks about the vision and strategy for one of the largest investment funds in Libya.

For the next 5 years, Kashadah thinks: “If we continue to do what we are doing we will build a very strong fund that acts like a private equity fund but is not really private equity. The difference between a private equity fund and us is that a private equity fund would build businesses and they would sell them, we build businesses to stay and add value to the regions that we enter.”

“I think that in 5 years with the team that we have and they hard work that they put in, we can go a long way. We just need to make sure that we don’t rush things. For every step we take we mustn’t go back, we need to make enough analysis and reviews to make the right decisions that we can stick to and build upon. I think we have been doing this for the past year or so and that is what has helped us to reach this point,” says Kashadah.

About LAP:

Libya Africa Investment Portfolio (LAP), established by the General People’s Committee Resolution 15 in 2006, dictates that the LAP is owned by the Libyan Investment Authority (LIA), which manages the vast majority of the nation’s oil reserves . LAP is run jointly by the Board of Trustees, chaired by the Prime Minister and LIA’s Board of Directors.

The Authority (LIA) seeks to expand investments outside Libya through this portfolio, diversify, and to achieve long-term returns that would develop the activities of the portfolio on different sectors and in various locations and investments degrees in the field of finance, tourism, telecommunications, oil and gas, agriculture and quarries.

Assets: US$ 5.3 billion