The LBBC Business Risk Advisor
The Libyan people’s political and economic hopes following the 2011 revolution, repeatedly confirmed by several elections over the years that followed, have been frustrated by political failure and armed conflict between rival politicians, regions and militias.
There is no sign of an early resolution to this conflict and it may get worse before it gets better. But the country’s tribulations will pass and the Libyan people’s aspirations for a more settled and prosperous future will be within their reach once more. At that stage, they will look for goods, services and partnerships with overseas suppliers and, as an oil exporter, will have the financial resources to pay for the country’s needs.
No-one can predict when stability will return so it is crucial to monitor developments in-country to ensure that, when it does, LBBC members are ready to resume business. The LBBC has created this page to provide members and their clients with access to up-to-date information and analyses. The material on this page is provided by professional risk advisory companies with staff on the ground in Libya.
This is not to say that there is no business to be done in Libya even now. Visible (and no doubt invisible) exports continue, albeit at a modest rate, and some contracts are offered. The risk advisory page provides a valuable resource for members considering responding to these business prospects and the opportunity to consult the companies involved on the conditions affecting the viability and location of the particular business under consideration.
We are sure that LBBC members - both experienced Libyan operators and businesses new to the Libyan market - will find the information provided on this page and the more detailed advice available from the providers both interesting and a valuable input to their business strategies and decisions.
|JANUS GLOBAL OPERATIONS|
JANUS GLOBAL OPERATIONS continues to keep our permanent expat country management team on the ground in Tripoli supporting our clients international and local personnel as well as critical infrastructure. We are also currently involved in working with many of our clients on their re-entry planning, security risk management surveys and political sector analysis.
Janus Global Operations - Libya Security Summary - 27 July 2016
Now that the Libyan Political Dialogue talks are over, this reporting week saw a press release come out from the United Nations Support Mission Libya (UNSMIL). The statement on the UNSMIL website said that the meetings were held to ensure that there was a continued commitment to implementation of the Libyan Political Agreement signed in Skhirat Morocco last December 17th. The meeting also was in recognition of the challenges to the implementation of the agreement that had led to the deterioration of basic services and necessities of life.
UNSMIL’s special Envoy, Martin Kobler, made his first official visit to the oil crescent of Ras Lanuf. Kobler met with Tribal elders, officials and also arranged to meet up with the head of the Oil Facilities Guard (OFG) Ibrahim Jadhran, to begin talks on the exportation of oil.
There were reports that the French President Francois Hollande has confirmed that three French soldiers have died in a helicopter crash in eastern Libya. “French forces where carrying key operations against extremists in Libya” Hollande was quoted as saying. The statement was released following reports that a Mi-35m attack helicopter had been shot down by the Defend Benghazi Brigade (DBB) militia near Al Magrun, west of Benghazi on Sunday. Libya’s Government of National Accord (GNA) quickly slammed the presence of the French troops in Libya as a ‘’violation’’ of the country’s sovereignty. This subsequently led to protests taking place in many areas of the capital, and neighbouring cities.
The Libyan Dinar fell to an all-time low on the black market this reporting week, as it crashed for the first time ever beyond the five dinar to the US Dollar. Tripoli currency exchangers said that at one stage the dollar was quoted at 5.30 for cash transactions and 5.80 for cheque transactions.
Fighting in Sirte continued throughout the reporting week with reports that the Bunyan Marsous Forces (BMF) had suffered heavy casualties due to sniper fire and booby traps, all whilst carrying out a two-pronged attack. It was reported that most casualties had been sustained whilst carrying out assaults on the Hay Dolar district and the Ouagadougou Centre. During the attacks, at least two Vehicle Borne Improvised Explosive Devices (VBIED) were blown up before reaching their targets.
The death toll since the BMF operation began in May now hovers around 300 with hundreds of wounded, many of them with serious injuries.
The capital’s power problems seem to have subsided throughout this reporting week; no power cuts in certain areas had been reported for more than four days. However, the cash flow and subsequent withdrawal of cash continued to be causing major problems not only in the capital but the country as a whole.
The subject of kidnappings within the capital has once again raised its head, with reports that Tripoli is fast becoming the kidnapping capital. Police reports came out that more than a dozen abductions had taken place in the last fortnight. However, the kidnappings appear to be purely mercenary with no political overtones.
In Benghazi, the Defend Benghazi Brigades (DBB) said the statement of the Presidential Council of the UN-proposed government is “pathetic and shameful” to the sovereignty of the Libyan country, pointing out that it implies a tone of “humiliation and degradation.” In a statement, the DBB denounced the flagrant French intervention in Libyan affairs and the airstrikes it conducted in cooperation with and in assistance for the renegade General, Khalifa Haftar.
Janus Global Operations continues to keep our permanent expat country management team on the ground in Tripoli supporting our clients international and local personnel as well as critical infrastructure. We are also currently involved in working with many of our clients on their re-entry planning, security risk management surveys and political sector analysis. To discuss these services further please contact us on +218 911713972 or +971 508764175 or visit our website www.janusgo.com
|Libya Reverb Project (LRP)|
The Libya Reverb Project (LRP) is an effort to understand the reverberations of current events in Libya among social media communities. To do this, LRP monitors the Facebook pages of prominent Arabic language media outlets that primarily report on Libyan news. LRP conducts thematic analysis of the most engaging posts in order to uncover emerging trends in the social media discourse. To receive the weekly reports, please subscribe here.
Read the Libya Reverb Project's special report No.20 on Media Sites on Facebook 29 April to 05 May.
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