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The EU for the Private Sector in Libya (EU4PSL) publishes summary of achievements since 2019

bySami Zaptia
January 28, 2023
Reading Time: 2 mins read
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Workshop held in Tunis on Libya joining ITC-Euromed Trade and Investment Facilitation Mechanism (TIFM)

(Logo: EU4PSL).

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In its January 2023 newsletter, the European Union for the Private Sector in Libya programme (EU4PSL), funded by the EU and implemented by Expertise France, published a summary ‘‘in numbers’’ of its achievements since 2019:

  • 2 online platforms to facilitate business creation and investment in Libya: Ejraat and Euromed Trade Helpdesk.
  • 1 publication on the profiles of Libyan enterprises and their needs for business knowledge and support services.
  • 1 White Book listing top common reform priorities identified by Libyan enterprises with proposals for improvement.
  • 1 economic and investment matrix to analyse the challenges facing the private sector in Libya.
  • €120,000  grants were given to 36 women entrepreneurs through Raedat show. 90+ jobs were created.
  • 360 students were trained, 18 Training BootCamp were implemented, and 3 National student contests were held as part of the Entrepreneurs of the Future programme.
  • 19 start-ups were trained from 6 cities, €153,000 grants were given, and 84.6 % of the start-ups reported an increase in their revenue through their participation in the “Boost it” business acceleration programme.
  • 6 Libyan commercial banks established SME-dedicated units.
  • 1 venture capital fund established in cooperation with Tadawul Financial Group.
  • 2 circulars were published by CBL to support micro and small enterprises.
  • 11 universities are now teaching the newly developed Entrepreneurship course to more than 200 students.
  • 8 Junior Enterprises were established in Libyan universities.
  • 44 professors were trained in teaching the entrepreneurship course, and 26 university staff were trained on the management of the Entrepreneurship and Innovation centres.
  • 2 decrees were published by the Ministry of Higher Education on creating and regulating the work of the Entrepreneurship and Innovations Centres in Libyan universities.
  • There are now 13,990 users of the online business school: Libus

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Tags: European Union for the Private Sector in Libya EU4PSLExpertise France
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