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Sep 30th
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Africa

How Libya Blew Billions and Its Best Chance at Democracy

Business Week

By David Samuels

In October 2011, Amr Farkash was enjoying life as an investment banker for HSBC (HSBC) in London when he heard that Muammar Qaddafi, the dictator who had subjected Libya to his bizarre and often terrifying rule for 42 years, was dead. Farkash was elated by the news. Raised in Egypt by Libyan parents, he was eager to participate in rebuilding his country, which he had never seen. "I really had no reason whatsoever to leave London and my high-status job," he recalls recently over dinner at a restaurant in Cairo. "My life was wonderful."

 

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