04 February 2014
Frontier completes market studies in Misrata, Benghazi
Over the past few months we've been working in Libya on several market and feasibility studies in the hospitality sector.
One recently-completed project has been in Misrata, one of the country's most vibrant business hubs, where we looked at the current and future state of the hotel market in the city. Despite the stream of bad political and security news coming out of Libya, hotels in Misrata are performing strongly and several owners have plans to
20 January 2014
Ghana Monitor now live
We're pleased to announce that our new Ghana Monitor site is now live.
You can find it at www.theghanamonitor.com
Over the next few months we'll be working to develop the site into Ghana's leading source of economic, business and financial information, and will also be offering business and market research services from our office in Accra.
For more information please get in touch using the following contacts:
471 Troas Crescent
+233 (0) 545 988 350
01 January 2014
Happy New Year from the Libya Monitor!
We wish all our readers and subscribers a peaceful and prosperous 2014!
20 December 2013
Libya buys France's Théâtre Ephémère
The Ministry of Culture and Civil Society has agreed to buy a French mobile theatre, which will be dismantled and taken to Tripoli as part of the capital's hosting of the 2014 Arab Capital of Culture.
The sale, which was agreed on 18 December, will see Libya transport the 746-seat wooden theatre back to Tripoli next year.
The value of the purchase has not been made public, but French media report that the theatre cost some €4m
19 August 2013
One step forward, two steps back
Libya is currently facing arguably its biggest challenge since the end of the 2011 conflict.
It is not the recent wave of assassinations , the series of resignations from the interim government or the approval of the political isolation law, but rather the alarming and now sustained decline in oil production.
Only a few months ago all seemed to be going so well. In April, the state-owned National Oil Corporation (NOC), which manages Libya's energy sector, reported
12 June 2013
Plunge in oil output rings alarms bells
Yesterday's news that oil output has fallen to below one million barrels per day (bpd) shows the extent to which sit-ins, protests and strikes are starting to cut off the lifeblood of Libya's economy.
The alarming figures, issued by the National Oil Corporation (NOC), suggest that production has plunged by almost 40% from the 1.6 million bpd that were being pumped in April.
Output and exports have been disrupted by labour action at various oil fields and
09 June 2013
Army head resigns after Benghazi clashes
The chief of staff of the Libyan army, Yousef al-Mangoush, has stepped down in the wake of clashes in Benghazi on 7 June which killed some 30 people.
His resignation was accepted by the General National Congress (GNC), Libya's national assembly, on 9 June.
The clashes in Benghazi occurred when protesters reportedly held a demonstration outside buildings controlled by the Libya Shield, a brigade made up of fighters who took part in the 2011 conflict, to demand
14 March 2013
Last year's budget: how much was spent?
A recent report sheds some light on how the LD68.5bn ($55bn) budget, approved by the National Transitional Council (NTC) in March 2012, was used.
The Audit Bureau's 2012 report, which was issued last week, says that while budgeted spending came in at around LD13bn ($11bn) less than forecast, an additional LD10bn ($8bn) was spent from an emergency or extra-budgetary fund that included disbursements to families, debts from 2011, and additional funding for ministries and the armed
28 January 2013
Will the Algeria attack delay exploration in Libya?
The recent attack on the Ain Amenas gas complex in south-east Algeria, which killed some 37 foreign workers, has raised the question of whether oil and gas exploration in neighbouring Libya may be affected.
The Ain Amenas plant is partly owned and operated by BP, which also has rights over two concessions in Libya - one offshore block in the Gulf of Sirte, and another onshore area in the Ghadames basin of western Libya, not far
10 January 2013
The State of Libya
The General National Congress (GNC) yesterday voted to rename Libya as the 'State of Libya', meaning it officially ceases to have the longest name of any country in the world.
Prior to the 2011 revolution, Libya was officially called the Great Socialist People's Arab Libyan Jamahiriya (or GSPLAJ for short). The title was adopted in March 1977 with Gaddafi's declaration of the 'state of the masses'.
The new name, which was approved unanimously by the national assembly,
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