The Liby-Phoenicians are a very good choise for the core of your armies. They are reasonably cheap so you can get a good number of them, yet tough enough (in frontal engangements with guard mode on) to hold their ground against tough elite units. They'd lose in the long run of corse, but they should last long enough that you can use other units to outflank & destroy the enemy. For the flanks of your army you'll need something tougher, such as Elite Africans (only available from highlevel barracks though) or Iberians (forgot the name of the good unit). Complement your infantry with some merc missile units and some good cavalry and you'll be doing very well.
As for early game strategy, grab all the cities on Sicily and the western African coast as soon as you can. Build and upgrade mines and ports. Send some spies east to keep an eye on the Ptolemies - if they are beating the Seleukids they will become a massive threat to you in late game. Once you have solid control over Sicily and North Africa, you're well set to begin expanding in pretty much any direction you please.
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