The Libyan Investment Authority has signed a cooperation agreement with Strategy & Co. to provide technical and advisory support to implement an investment plan that ensures the effective allocation and employment of the institution’s assets to achieve targeted performance rates.
The Libyan Investment Authority announced on its Facebook page that it has appointed an international investment advisor to support the implementation of its investment strategy for the coming years.
According to the Authority’s post, discussions with the international firm included restructuring its overseas assets to preserve their value and increase return rates.
The Authority also mentioned in the post that it aims to direct its domestic investments according to a diverse investment plan that includes renewable energy and infrastructure projects. This strategy aims to achieve sustainable economic development for the years 2024 to 2027.
Earlier, the Libyan Investment Authority announced its membership in the Sovereign Investors Forum in Africa. The Authority is set to participate in the third annual meeting of the forum, scheduled to take place in Mauritius on June 10 and 11.
The meeting’s theme is “Sustainable Development: Leading Transformations, Stimulating Opportunities, and Making an Impact,” seen as an opportunity for members to gather, discuss trends, strategic initiatives, and exchange expertise and issues of mutual interest among sovereign funds in Africa.
It’s worth noting that the Sovereign Investors Forum in Africa was established in 2022 as a platform to include sovereign funds and investors regionally with the aim of enhancing cooperation, exchanging knowledge, and accelerating capital growth for comprehensive and sustainable development on the continent, according to the Libyan Investment Authority’s Facebook post.
