Libya has been oil-led economy for decades, but ongoing conflicts and a blockade of oil terminals and oil fields have affected the Libyan economy. The country is currently working on reforms and collaborating with the World Bank and other donors on diversifying the economy and attracting investments, which would also lead to create employment outsourcing opportunities to develop the country.
Many organisations that expand to other economies are faced with cultural, local and policies of the country. This is where Africa HR Solutions can be the right partner to accompany you in your expansion plans. Our team of experts devise an end-to-end HR outsourcing strategy, that includes a range of services such as Professional Employer Organisation (PEO), Employer of Record, payroll solutions and other ancillary support services. With local insights and a global perspective of the employment industry, we ensure your Libya HR outsourcing strategy is perfectly crafted to help you establish in the country even if you do not have a legal entity yet.
Population: 6.7 mn
Gross Domestic Product (GDP): $25.42 bn
GDP Growth: 7.8%
Inflation: 2.8 %
Foreign Direct Investment (% of GDP): 3.8%
Unemployment Rate: 17.3 %
Currency: Libyan Dinar
Having the largest oil reserves in Africa, the economy has suffered from political instability and conflict over the control of oil fields. Due to the resumption of armed conflicts, the Country Engagement Notice’s program (CEN) is working on initiatives to improve lives, and at the same time explores diversification. The program’s two major pillars are (1) Accelerating Economic Recovery and (2) Restoring Basic Service Delivery. The International Finance Corporation (IFC) continues to support the country’s private sector through its investment and advisory services. The World Bank, in collaboration with other donors, is working on gathering diverse Libyan stakeholders to establish reforms and find ways to engage and assist the restoration of fundamental institutions.
Libyan cuisine originates from the traditions of Mediterranean, North African, and Berber cuisines
The Libyan economy is dependent on the petroleum sector, which represents a significant part of exports
In 2019, Libya has Africa’s largest and the world’s ninth-largest proven oil reserves, with 48 billion barrels
Consumption of alcohol is not allowed in Libya
Soccer, chariot races, and camel racing are among famous sports of Libyans
Hijri New Year
Africa HR Solutions have the local expertise needed to navigate you through a comprehensive HR outsourcing strategy and help you establish in Libya with peace of mind. Our dedicated team will assist you in devising a competitive package to attract the brightest talent and help you in achieving your international expansion plans.
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Kevina Takoordyal has a BA Hons Business Management from the University of Glamorgan, UK, with MBA in leadership and Innovation, MBA General, PMP Certified, and Agile Scrum Master. She currently works as the Head of Operations at Africa HR Solutions Ltd with more than 20 years of proven leadership capabilities in Operations, Business Development, People Management, Process Optimization, and Project Management in the Financial Services, BPO, Banking Industry, and Heath Care Industry. In Senior leadership roles with an international footprint across Europe working and extensive Pan- African experience from a compliance, finance, and operations angle, Kevina comes across with a panoply of cross-functional skills. Kevina also serves on a few Boards, Non-Independent Executive at MioD and for NGOs on a voluntary basis, a coach and mentor to aspiring female leaders across Africa and Mauritius.
Kevina is a firm believer in Servant Leadership with a strong focus and commitment to uplifting others, with the ability to deliver through a highly engaged – diverse team, and works towards consistently synergistic value creation. While being a focused and adaptive thinker and Kevina is actively participating in panel discussions on Innovation, CX, Digital transformation.
Kevina serves as Project Assessor for the National Youth upskilling program. She has been recognized as Global Talent in a few companies, Ceridian, and International SOS Ltd whereby she has been awarded a few scholarships and had the opportunity to be mentored by Senior Vice President in the US. Award Winner in various fields and at a national level and recognized including Super Achiever Leader Award in Africa in 2016, Awarded Africa Women Leader 2018.
A qualified lawyer who joined Africa HR Solutions in July 2020, Mark Du Preez has experience working in private practice for a reputable law firm in South Africa. He also played commercially focused roles at a leading private bank, wealth management company, and outsourcing firm in South Africa and Mauritius.
Mark has played a pivotal role in Africa HR Solution’s risk mitigation strategy, which positively impacted P&L performance over the years.
He currently leads the Partnerships function of the company including relationships and oversight with in-country partners (ICPs) across Africa.
Alex has more than 15 years of experience in the global, strategic development of both enterprise and consumer brands in categories including technology, transport, enterprise software, entertainment, and travel.
With experience in roles on both agency and corporate side, he has worked across international brands and has led the development and execution of multi-discipline campaigns across EMEA, NORAM and Asia Pacific.
His focus is on driving meaningful business impact through brand differentiation and building high-functioning, digitally oriented, and analytically driven capabilities. He is motivated by working with, and developing dynamic people, teams, and organizations.
He leads, manages, develops and mentors the Key Account Management department, including line management responsibility for the team of Key Account Managers and Key Account Administrator who represent the Company as the primary communication link between all relevant stakeholders, including clients, third party in-country partners and internal functions.
Originally from Mauritius, he holds bachelor’s degrees in International Business, Finance and Management from the University of Nevada, Reno.