SME stock market initiative discussed

The Ministry of Economy and Trade discussed the initiative of launching a Small and Medium-Sized Enterprises (SME) Stock Exchange.

The proposal was discussed during a meeting at the Ministry of Economy and Trade headed by Deputy Minister for Commercial Affairs, Suhail Abu Shiha and the Chairman of the Management Committee of the Libyan Capital Market Authority and the Director General of the National Program for Small and Medium Enterprises

The attendees discussed the mechanism of implementing and launching the stock exchange and its objectives, as it contributes to developing the SME sector and enhancing its role in supporting the national economy, spatial development, creating self-employment opportunities and motivating entrepreneurs with pioneering ideas. The challenges facing small and medium enterprises in Libya and ways to overcome them and work to create various financing tools were also discussed.

The Deputy Minister stressed the importance of the small and medium enterprises sector and its prominent role in moving the wheel of the national economy and the localization of various industries, pointing out that the Ministry of Economy and Trade is working to activate the role of the sector through its affiliates and specialized institutions with the aim of activating the sector’s role in achieving spatial development and raising the domestic product for non-oil exports.