Libya joins African Export-Import Bank

Libya has officially become the 53rd member of the African Export-Import Bank (Afreximbank). As part of its membership, Libya is set to leverage Afreximbank’s support for several development projects, including the creation of a free zone in Misrata and the development of a land route connecting the country to its neighboring nations. The partnership will likely boost Libya-Africa trade and open access to a wide range of financial products and services.