From Marcopolis. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News.
In September 2011, less than a month after the fall of Muammar Gaddafi by the Libyan Revolution, Ahmed A. Kashadah (pictured) found himself as managing director of a multi-billion-dollar foreign investment fund of the new Libyan government—the Libya Africa Investment Portfolio (LAP).
Ahmed A. Kashadah comes to LAP with solid educational credentials and experience. After graduation from high school in Libya, Mr. Kashadah attended St. Andrew’s College in Cambridge UK, preparatory to earning two Bachelor of Science degrees, first from Queen Mary College of the University of London in engineering and business and second from Oxford Brookes University in applied accounting.
Subsequently, Mr. Kashadah qualified for affiliate status with the Association of Chartered Certified Accountants UK (ACCA).
After completing his education, Mr. Kashadah worked from 2007 to 2010 for the Libyan Investment Authority (LIA), as a member of the investment team and one of the initiators. Thereafter in 2010, he joined Kashadah & Co., a Libyan accounting and consultancy firm founded in 1974. Later in 2010 he joined the General Investment Fund (GIF) as deputy CEO, developing the fund strategy and setup.
LAP is a multi-billion dollar capital investment fund that was created by the former Libyan government in 2006 with an initial capital of USD 5 billion. LAP has supported various activities across diverse sectors, such as airlines, banking, hospitality, oil and gas, trade, and telecommunications, with the goal of generating a positive impact on development across the African continent.
LAP has been a significant presence on the continent and—under its telecom arm, LAP Green—has invested in Zambia, Uganda, Niger and Ivory Coast. LAP also invests in these regions in other sectors mainly in Hospitality, Oil & Gas and others.