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The Supreme Court of Mauritius Lifts Sanctions on Libya’s Ola Energy

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The Supreme Court of Mauritius has lifted sanctions imposed on OLA Energy, a leading energy company operating across Africa. These sanctions were initiated following a request by Mauritius’s Financial Intelligence Unit (“FIU”), which, in February 2023, sought a freeze order on bank accounts linked to several entities, including OLA Energy. The freeze order directed that all money held in banks in Mauritius in the names of the listed entities, including OLA Energy, could not be disposed of or otherwise dealt with, except upon a Judge’s Order.

In an official letter dated January 22, 2025, addressed to a senior official in Libya’s Ministry of Foreign Affairs, the CEO of OLA Energy confirmed the court’s ruling. The decision was hailed as a critical milestone, enabling the company to continue its operations without legal or regulatory obstacles, thereby supporting its strategic goals and future plans.

OLA Energy operates in 17 African countries, managing over 1,300 fuel distribution stations and providing aviation fuel services at 50 airports across the continent. The company also owns several car engine oil manufacturing facilities and ranks as the third-largest player in its sector in Africa.