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26 Aug
15:06

Libya's Lisco reveals investment plan

The Libyan Iron and Steel Company (Lisco), one of North Africa’s biggest steelmakers, plans to launch a tender next month worth $1 billion to build two new plants, according to Reuters. The steelmaker has been hit by power cuts, shortages amid chaos since the toppling of Muammar Gaddafi in 2011. But thanks to its location in the western Libyan city of Misrata largely untouched by violence, Lisco managed to keep producing and even open a new bar mill last yea…
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