'Use oil to invest in Africa' –Libya

 
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tolibya



Joined: 05 Oct 2005
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Posted: Fri Sep 01, 2006 1:36 pm    Post subject: 'Use oil to invest in Africa' –Libya

Beidha - Libyan leader Moammar Kadhafi has renewed his call on Libyans to invest in Africa and to take advantage of the surplus oil revenues to initiate production and services projects in the continent.

In his traditional address marking the September 1 1969 Revolution, he said that Africa was holding its hand to Libyans after Libya has become part of the united African space.

Colonel Kadhafi encouraged his people to take the initiative to invest in Africa before the opportunity fades away in the wake of an influx of investors from China, India and several other Asian countries.

Meanwhile, the Libyan leader has announced the launch of a campaign meant to start investing in Africa in all areas, noting that the Libyan state would provide all facilities to people who wish to invest in the continent. -panapress



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