Libya’s Ministry of Economy Activates Integrated Digital System to Tighten Market Oversight

Libya’s Ministry of Economy and Trade has activated a new integrated digital system aimed at strengthening governance, improving oversight of commercial activity, and restoring discipline to the national market.

The move was approved by Economy and Trade Minister Mohammed Al-Huweij during an expanded meeting with the ministry’s affiliated bodies, marking a significant step in Libya’s ongoing economic reform agenda.

Digital Control to Regulate Markets and Imports

According to the ministry, the newly activated system will serve as a central tool for governance, oversight, and database integration. It is designed to enhance monitoring of the movement of goods, regulate commercial activities, and align import priorities with national economic needs identified by the ministry.

Officials say the system will also help curb distortions in the market that have contributed to illegal speculative practices, price manipulation, and supply imbalances. By consolidating data and improving coordination between authorities, the platform is expected to provide a clearer picture of market dynamics and enable faster, more targeted interventions.

Zero Tolerance for Violations

Al-Huweij stressed that the ministry will exercise its legal mandates strictly and without exceptions. He warned that the government will take firm action against speculators, price manipulators, and entities that violate regulatory rules.

Deterrent measures outlined by the minister include the withdrawal of operating licenses and the cancellation of commercial registrations for businesses found to be in breach of the law. The ministry, he said, will not hesitate to act in order to protect the integrity of the market.

Shift Toward Proactive Digital Governance

The next phase of implementation will focus on what the ministry described as a “qualitative shift” toward disciplined, digital market management. Rather than reacting to violations after they occur, the system is intended to enable proactive oversight, supported by integrated coordination among relevant state institutions.

Officials believe this approach will strengthen commercial discipline, safeguard market stability, protect citizens’ purchasing power, and reinforce confidence in Libya’s economic institutions.

Part of a Broader Reform Path

The initiative forms part of a broader reform strategy adopted by the Ministry of Economy and Trade to enforce the rule of law, organize imports according to clear priorities, and establish a fair and stable commercial environment.

By leveraging digital tools to improve transparency and accountability, the ministry aims to modernize market governance and lay the groundwork for a more resilient and predictable economic system in Libya.

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