Mauritius court overturns financial sanctions on Ola Energy

The High Court of Mauritius has reportedly lifted sanctions previously imposed by the country’s Financial Intelligence Unit (FIU) on Ola Energy, according to company statements.

Ola Energy, a subsidiary of the Libya Africa Investment Portfolio, reports that it maintains operations across several African markets.

The company states it underwent a rebranding exercise in 2018, changing its name from Oil Libya to Ola Energy.

According to company materials, Ola Energy operates a network of petrol stations across Africa. The company claims to service multiple airports for aviation fuelling and maintains motor oil manufacturing facilities in several countries including Egypt, Morocco, Tunisia, Senegal, Cameroon, Kenya and Gabon.

The company’s corporate communications indicate its business spans multiple sectors, including aviation fuelling, wholesale operations, retail distribution and marine services.

Whilst Ola Energy describes itself as a major player in Africa’s energy sector, market position and operational statistics could not be independently verified at time of publication.