London, 3 April 2021: The Libyan Business Angels Network (LBAN) was launched last month, the European Union For the Private Sector in Libya (EU4PSL) reports It comes within the activities of the EU4PSL project, implemented by Expertise France and funded by the EU to support the private sector in Libya . The EU4PSL reports that entrepreneurs face many challenges in today’s competitive Startup environment, with funding considered one of the most difficult hurdles they encounter. Securing early-stage financing for projects in Libya is particularly hard with the investment concept still not a widespread practice among businesspeople. As a result, a big pool of Libyan investors for entrepreneurs to pitch their projects to still does not exist.