23.4 C
Port Louis
Friday, April 19, 2024

Download The App:

Read in French

spot_img

African Trade Investment Company Wants To Use Mauritius For Pan-African Trade And Investment

Must Read

A team from the Libyan government has visited Mauritius from May 25 to June 3 in the wake of initiatives aimed at furthering Libya’s economic recovery and further, cementing ties between Mauritius and Libya.

The delegation composed of Mr. Fauzi Ali R Remali and Mr. Esam A Ali Abuharuss had several working sessions with the Ministers, heads of regulatory bodies and members of the private sector.

The Libyan team was amazed by the very attractive business environment that Mauritius offers to potential investors to conduct their business activities with confidence.

The Africa Investment Trade Company, headed by Mr. Remali, is in the process of adopting Mauritius as its headquarters for all of Africa. Mr. Remali expressed the wish of the Libyan Fund for Assistance and Development in Africa to use Mauritius as a platform for Pan-African trade and investment while strengthening our bilateral relations through the implementation of an investment plan for our country.

Team from Libyan government visit Mauritius

The visit of the Libyan team was facilitated by the Mauritius-Libya Amicale, which has maintained good relations with successive Libyan governments over the years as this entity defines itself as an association concerned with promoting understanding and friendship between the Libyan and Mauritian peoples.

It is worth noting that Libya has re-emerged on the international scene, with a new impetus for political and commercial exchanges not only with the United States and European countries, but also with many other countries. The Indian Economic Trade Organization, for example, has recently signed a memorandum of cooperation with Libya covering various development sectors.

Libya is the seventh largest OPEC crude oil producer and the largest total liquids producer in Africa. It produces an average of three million barrels of oil per day.

The authorities have noted that Mauritius has been preferred to many African countries with whom we compete for massive investments funds that have been or are being regularized and will be made available to us.

Hamza Goolbar, the general secretary of the Amicale, did not fail to underline during a lunch offered in honor of the Libyans at Avalon Golf Course that this progress was made possible thanks to the mutual trust between the Amicale Maurice-Libye and the AITC team, a trust built for many years that has stood the test of time and will withstand all the challenges that arise.

- Advertisement -spot_img

More Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest Articles