Mobius explores Libya, Algeria
Prieur du Plessis (December 23rd, 2009) Writes:
The paragraphs below come courtesy of Mark Mobius, emerging markets guru and executive chairman of Templeton Asset Management.
I arrived in Tripoli, Libya’s capital and largest city, on a short flight from Athens, Greece, so I appreciated the closeness of this North African country to Europe. Libya is right on the Mediterranean and has Egypt, Sudan, Chad, Niger, Algeria and Tunisia as neighbors. Libya is a huge country (1.8 million square kilometers) but 90% of it is desert. The population is only about six million, with about two million living in Tripoli.
Libya at various times in its history was inhabited by Phoenicians, Greeks and Romans. It later became part of the Turkish Ottoman empire and then an Italian colony. We got a taste of its ancient history when we took a two-hour drive out of Tripoli to the ruins of the ancient city of Leptis Magna,
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