TRIPOLI – Libyan and British business leaders gathered in Tripoli on Wednesday for a conference aimed at strengthening economic and commercial relationships between the two countries. The forum was organized by the Libyan British Business Council (LBBC).
In his keynote address, Central Bank of Libya (CBL) Governor Sadiq Al-Kabir emphasized the bank’s commitment to fostering an environment for private sector growth in line with international standards.
“We are focused on diversifying income streams, restoring trust in the banking system, developing human capital, and providing a robust regulatory framework,” Al-Kabir stated.
The CBL governor highlighted the creation of a Financial Technology and Innovation unit to lead the central bank’s digital transformation. He also outlined efforts to bolster economic stability, safeguard state finances, and promote transparency through enhanced revenue and expenditure reporting.
Additionally, Al-Kabir voiced support for increasing oil production and exports by the National Oil Corporation to expand trade engagements between Libya and the UK.
The one-day event convened business executives, bankers and policymakers to chart a course for maximizing bilateral commercial opportunities across sectors like construction, infrastructure, healthcare and technology.
British Ambassador to Libya noted, “UK companies have much to offer in supporting Libya’s post-conflict reconstruction. We strive to forge even stronger private sector links moving forward.”
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