A high-level Libyan government delegation arrived in Guinea with the aim of recovering investment assets belonging to the Libya Africa Investment Portfolio, especially a huge farm covering an area of 2,150 hectares.
The Libyan delegation was headed by the Minister of Youth and the Prime Minister’s Special Envoy for Africa, Fathallah Al-Zani, and included the Chairman of the Board of Directors of the Libya Africa Investment Portfolio, Mustafa Abu Fanas, Board Member Khalifa Al-Shibani, and the General Manager of the Libyan Investment Company Africa “LAICO” Mohamed Mahjoub.
The delegation met with the Guinean Minister of Youth, and other Guinean officials, in addition to representatives of the Libyan and Guinean embassies, the Libyan Audit Bureau, and the General Manager of the Economic Holding Group.
The targeted farm is the largest mango and pineapple production farm in West Africa, and includes a juice factory and seven lakes. According to the Libya Africa Investment Portfolio, the farm was confiscated in 2020 by Guinean presidential decree, but the Guinean Supreme Court recently overturned the decree, paving the way for Libya to regain ownership.
