No Result
View All Result
Friday, July 4, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

LAICO regains ownership of its Tanzanian Bahari beach resort

bySami Zaptia
July 7, 2020
Reading Time: 1 min read
A A
LAICO regains ownership of its Tanzanian Bahari beach resort

Libya's state investment entity, LAICO, has regained ownership of its Bahari Beach Resort in Dar es Salam, Tanzania (Photo: Bahari Beach hotel).

By Sami Zaptia.

Libya’s state investment entity, LAICO, has regained ownership of its Bahari Beach Resort in Dar es Salam, Tanzania (Photo: Bahari Beach hotel).

London, 7 July 2020:

Libya’s Libyan African Investment Company (LAICO) regained ownership of its Tanzanian tourist resort, Libya’s state-owned and Tripoli-based LANA news agency reported yesterday.

LANA said that ownership of Bahari Beach resort in Tanzania’s capital, Dar es Salam, was regained by its owner, Libyan state investment entity LAICO, with the help of the Foreign Ministry of Libya’s internationally recognized government in Tripoli.

There had been social media ‘‘noise’’ about the resort and the fact that some unscrupulous locals in cahoots with some Libyans illegally transferred the ownership of the resort in their favour. The LANA news release would only say that the resort was ‘‘seized by some parties’’ in 2016.

RELATED POSTS

Al-Sahel Holding’s Bella Foods continues exports to Africa: Guinea and Congo

Libya’s Foreign Ministry calls on Russia to provide clarification on its Libya travel warning to its citizens

It added that a LAICO company source said all legal measures and procedures were made to restore the ownership to the Libyan State.

It quoted LAICO chairman praising the efforts made by the Tripoli Foreign Ministry in following up and addressing issues facing Libyan investments in African host countries.

Bahari Beach is a resort with a hotel opened in 2003 and regarded as one of Dar es Salam’s landmarks. It occupies 24 hectares and is located 25 km from the city centre.

Tags: Africa AfricanBahari beach hotel LAICO TanzaniafeaturedLAICOmfa Foreign Ministry TripoliTanzania Dar es Salam

Related Posts

CBL receives results from meetings with international banks
Business

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

July 2, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement
Business

All imports into Libya must be paid for through official bank transactions

July 2, 2025
World Bank holds off on Tunisian $50m power plant fund; implications for Libya
Business

Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

July 1, 2025
CBL receives results from meetings with international banks
Business

CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

July 1, 2025
Harouge Oil reaches record 45,000 bpd production – to increase it by 25,000 bpd
Business

Harouge Oil Operations Company replaces Al-Ghani field pipeline

July 1, 2025
Next Post

Benghazi's Benina airport maintenance and development discussed

Ministry of Finance launches e-platform for 2021 budget preparation

ADVERTISEMENT

Top Stories

  • CBL goes public at last about the counterfeit LD 50 notes – notes to be withdrawn until end of August

    CBL reveals discovery of LD 3.5 billion in counterfeit 50-dinar notes printed in Russia – PM calls on Attorney General to open investigation

    0 shares
    Share 0 Tweet 0
  • Libyan Italian Forum concludes with the signing of 98 MoUs

    0 shares
    Share 0 Tweet 0
  • Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
  • Three Libyan companies win awards in Athens International Olive Oil Competition ‎

    0 shares
    Share 0 Tweet 0
  • CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

Op-Ed: Reputational Damage Is Worse Than Losing Money

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.