No Result
View All Result
Wednesday, February 1, 2023
14 °c
Tripoli
14 ° Thu
14 ° Fri
14 ° Sat
15 ° Sun
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

New private sector fleet of Wasel school buses arrive in Benghazi

bySami Zaptia
September 10, 2019
Reading Time: 2 mins read
A A
New private sector fleet of Wasel school buses arrive in Benghazi

Private sector company Wasel'sThe first batch of the new fleet of school buses for Wasel company, a private sector company owned by the Bank of Commerce and Development, arrived in Benghazi last week (Photo: Wasel/Rahal).

49
SHARES
212
VIEWS
Share on FacebookShare on Twitter

By Sami Zaptia.

The first batch of the new fleet of school buses for Wasel company, a private sector company owned by the Bank of Commerce and Development, arrived in Benghazi last week (Photo: Wasel/Rahal).

London, 10 September 2019:

The new school buses belonging to Wasel Transportation Company, established by the Bank of Commerce and Development (BCD), arrived in Benghazi last week.

Wasel is headquartered in Benghazi and was established in October and announced in December 2018. The BCD was Libya’s first private bank to be established as part of the privatization drive by the former Qaddafi regime, and is the largest private bank. It is headquartered in Beida, in eastern Libya.

The launch of Wasel came as part of the LD 150 million Waad (promise) finance programme announced by the BCD to help Libyan youth by offering finance for SMEs that was announced in September 2018 in Benghazi at the Second Libyan Banking Forum.

RELATED POSTS

UNDP and the SMEs Department launch 5-day entrepreneurship training in Kufra

Khoms port receives new Libyan-made handling equipment

The BCD said that Waad is a national development program to help diversify and revitalize Libya’s economy and promote its private sector. It aims to support youth projects and encourages them to establish economic and industrial projects.

Part of Wasel is its Rahal taxi/mini-cab service which operates through an App on the lines of Uber. Rahal involved BCD importing over 100 cars initially for Benghazi, which has been running since January 2019. The service was launched in Tripoli in March and Tobruk and Beida in June. BCD said that it will continue to roll it out to other Libyan cities.

The BCD then offers interest-free loans/hire purchase package to Libyan youth to work for Rahal while owning their own car.

The BCD also co-launched the new private sector airliner, Berniq Air, in December 2018 with LD 200 million capital in which it owns a 40 percent of shares.

On another note, it will be recalled that the first batch of ‘‘city bus’’ model of new public transport buses arrived in Tripoli port from China in August, operators Asahem Company for Public Transport had said.

 

SME finance, a new airline, a public transport service and a union of private banks announced at second banking forum

 

LD 250 m private sector real estate investment fund launched

 

Third Annual Libyan Banking Forum opens in Tunis

 

Annual Libyan Banking Sector Development Forum to be held in Tunis

 

Second Libyan banking forum to be held in Benghazi

 

First batch of Chinese-made public transport buses arrive in Tripoli

 

Tags: BCD Bank of Commerce and DevelopmentfeaturedLibyan Banking Forumprivate sectorRahalschool busesSMEstaxistransportWaselyouth
Share20Tweet12Share3

Related Posts

NESDB signs agreement with Malaysia Consultative Council to benefit from its development experience
Business

NESDB signs agreement with Malaysia Consultative Council to benefit from its development experience

January 31, 2023
Sirte Oil Company starts using smart oilfield technology
Business

Sirte Oil Company starts using smart oilfield technology

January 31, 2023
The British Libyan Business Association conducts successful business development trip to Misrata
Business

The British Libyan Business Association conducts successful business development trip to Misrata

January 31, 2023
The Forum and Exhibition for Transport and Transit Trade in Africa (AFRO-TT) opened in Algiers
Business

The Forum and Exhibition for Transport and Transit Trade in Africa (AFRO-TT) opened in Algiers

January 31, 2023
Aldabaiba praises activation of seven domestic airports and start of work on Tripoli International Airport’s terminal
Business

Aldabaiba praises activation of seven domestic airports and start of work on Tripoli International Airport’s terminal

January 30, 2023
Medsky Airways adds a second Airbus 320 to its fleet
Business

Medsky flies first Berlin to Misrata flight

January 30, 2023
Next Post

Libyan Businessmen Council to open a new branch in south Libya

NOC, Zallaf and De Golyer-McNoughton discuss development plans for discovered and undeveloped fields

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • Medsky Airways adds a second Airbus 320 to its fleet

    Medsky to start flights from Tripoli to Malta

    128 shares
    Share 53 Tweet 31
  • New Eni gas deal with Libya rejected by current Oil Minister and Bashagha

    110 shares
    Share 45 Tweet 27
  • Aldabaiba praises activation of seven domestic airports and start of work on Tripoli International Airport’s terminal

    84 shares
    Share 34 Tweet 21
  • Libyan Iron and Steel (LISCO) exports to 38 countries – 136,000 tons to be exported in coming months

    73 shares
    Share 35 Tweet 16
  • LBBC announces a wide range of business activities for 2023 – including a visit to Benghazi

    61 shares
    Share 24 Tweet 15
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

NESDB signs agreement with Malaysia Consultative Council to benefit from its development experience

Sirte Oil Company starts using smart oilfield technology

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?