Central Bank dispute affects Libya’s Oil {Business Africa} [Video]

Libya, home to Africa’s largest oil reserves, is in the midst of a severe political and economic crisis. The removal of Central Bank governor Sadiq Al-Kabir has sparked a power struggle between rival factions, disrupting oil production and halting exports. As 90% of Libya’s income depends on oil, control of the Central Bank is crucial, and the standoff threatens to freeze the economy. With oil output plummeting and the risk of instability growing, the UN and international community are working to mediate, but the outcome remains uncertain.

We interviewed Mohamed Eljarh, an energy expert from Managing Partner at Libya Desk.

China’s $50 Billion Focus: Clean Energy and Debt Relief

China’s pledge of $50 billion in credit lines and investments to Africa over the next three years signals a shift in its engagement strategy, reflecting domestic economic pressures and rising debt risks across the continent. While China announced plans for 30 clean energy projects, emphasizing renewable energy, the absence of concrete debt relief …