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Mozambique president Nyusi has immunity in London ‘tuna bond’ case, court rules

Mozambique president Nyusi has immunity in London ‘tuna bond’ case, court rules

MOZAMBICAN President Filipe Nyusi cannot be sued in Britain over allegations he accepted unlawful payments as part of Mozambique's litigation over the decade-long "tuna bond" scandal, London's Court of Appeal ruled. Emirati-Lebanese shipbuilder Privinvest wanted to drag Nyusi into a $3.1-billion lawsuit brought by Mozambique, which accuses it of paying bribes to officials and Credit Suisse bankers. London's High Court has yet to rule on the case following a trial last year. Mozambique settled with Credit Suisse's new owner UBS on the eve of the trial in October. Shortly before last year's trial began, the High Court ruled that Nyusi had not been properly served…
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Mozambique fine-tunes new $80 bln energy transition blueprint

Mozambique fine-tunes new $80 bln energy transition blueprint

MOZAMBIQUE has approved an ambitious new energy transition plan until 2050, hoping to attract investments of some $80 billion to boost renewable energy capacity and increase electricity availability, a senior energy official said. Mozambican President Filipe Nyusi is expected to officially present the energy strategy to international partners and potential donors on December 2 during the COP 28 climate summit in Dubai. Priority plans between next year and 2030 include adding 2,000 megawatts of new hydropower capacity by upgrading existing plants and completing the new Mphanda Nkuwa hydro project, expanding the national electricity grid and switching to electric vehicles to…
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Mozambique’s Nyusi to blame over ‘tuna bond’ scandal, shipbuilder’s owner says

Mozambique’s Nyusi to blame over ‘tuna bond’ scandal, shipbuilder’s owner says

MOZAMBICAN President Filipe Nyusi was ultimately responsible for the failure of the projects at the centre of the "tuna bond" scandal, the owner of Emirati-Lebanese shipbuilder Privinvest told London's High Court. Privinvest and its owner French shipping magnate Iskandar Safa are facing a $3.1-billion lawsuit from the African republic for allegedly paying millions in bribes to Mozambican officials and Credit Suisse bankers. Mozambique alleges more than $136 million was paid to secure favourable terms in relation to three projects in 2013 and 2014, including one designed to exploit the republic's tuna-rich coastal waters. Privinvest and Safa deny any wrongdoing and say any…
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Mozambique drops part of ‘tuna bonds’ claim against shipbuilder Privinvest

Mozambique drops part of ‘tuna bonds’ claim against shipbuilder Privinvest

MOZAMBIQUE has dropped a significant part of its claim against Emirati-Lebanese shipbuilder Privinvest over the decade-old "tuna bond" scandal, just days after settling its case against Credit Suisse, London's High Court heard. Mozambique's lawyer Jonathan Adkin said the African country was no longer suing Privinvest and its owner Iskandar Safa for "macro-economic loss". He did not give a figure, but a court filing by Mozambique said the republic had abandoned part of its case representing a "significant element" of the claim's value. Court documents filed last month and this week show the country, one of the world's poorest nations, has…
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Mozambique president names new premier and finance minister

Mozambique president names new premier and finance minister

MOZAMBIQUE President Filipe Nyusi appointed Adriano Afonso Maleiane as the new prime minister, shortly after sacking Carlos Agostinho do Rosário, and filled several other posts including finance minister as part of a cabinet reshuffle. A Portuguese-language presidency statement named Ernesto Max Tonela as the Minister of Economy and Finance, and Carlos Zacarias, currently chairman of the National Petroleum Instituto (INP) responsible for licensing oil and gas projects, as Mineral Resources and Energy Minister. The other new appointments were Deputy Minister of Economy and Finance and Minister of Industry and trade. Nyusi also shifted Lidia Cardoso from Deputy Minister of Health…
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‘Rwandan troops cannot stay Cabo Delgado forever’

‘Rwandan troops cannot stay Cabo Delgado forever’

BAZ RATNER and SHAFIEK TASSIEM RWANDAN President Paul Kagame said the country cannot stay forever in Mozambique's Cabo Delgado province, where allied Rwandan and Mozambican troops have been recapturing areas from Islamist militants since July. "As much as we cannot be here forever, I think the problem we are dealing with, with our friends in Mozambique, cannot stay here forever too," Kagame said at a news conference with Mozambique's President Filipe Nyusi in Pemba, Cabo Delgado's capital city. "Every time, every step, we are assessing what needs to be done... The need to stay and for how long, that comes…
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No military response to Moz insurgency

No military response to Moz insurgency

A bloc of southern African nations has said it will work to shore up Mozambique's security forces as they battle an escalating insurgency linked to Islamic State, but made no mention of proposals for military intervention. Members of the Southern African Development Community (SADC), including neighbouring South Africa, have favoured the idea of regional military action as the violence has worsened and the threat to regional stability has grown. Mozambique's President Filipe Nyusi, however, has said in the past Mozambique should handle certain aspects of the response alone for reasons of sovereignty, and resisted suggestions of foreign boots on the…
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Mozambique’s Nyusi vows to restore peace

Mozambique’s Nyusi vows to restore peace

MOZAMBIQUE President Filipe Nyusi has pledged that his government will work to restore peace in the country after a deadly militant attack last month near multi-billion-dollar gas projects backed by global oil companies. "We will make all efforts to return peace to our country, in particular in the north, in Cabo Delgado which in recent years has been the target of terrorist attacks," he said during an address to the Mozambique Mining, Energy and Oil and Gas conference in Maputo. Militants attacked the coastal town of Palma on March 24, in a district near liquefied natural gas (LNG) projects that…
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Violence create food crisis Mozambique

Violence create food crisis Mozambique

MILITANT attacks that have forced hundreds of thousands of people to flee their homes in Mozambique's northern Cabo Delgado province have created a humanitarian crisis, according to the U.N. World Food Programme (WFP). "What is happening is nothing short of a food security and nutritional crisis," WFP spokesman Tomson Phiri told a U.N. briefing. "This is a humanitarian disaster." The attacks have forced 570,000 people to flee, Mozambique President Filipe Nyusi said last month, saying he would defeat insurgents who stepped up attacks since pledging loyalty to Islamic State last year. Speaking ahead of a joint briefing by U.N. agencies…
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Militant attacks force 570,000 to flee homes in northern Mozambique, president says

Militant attacks force 570,000 to flee homes in northern Mozambique, president says

MILITANTS have forced 570,000 people to flee their homes in Mozambique's northern Cabo Delgado province, President Filipe Nyusi said on Wednesday, vowing to defeat insurgents who stepped up attacks since pledging loyalty to Islamic State last year. Fighters have been taking on the army and seizing entire towns in recent months in the province, home to gas developments worth some $60 billion. Earlier this week, the U.N. refugee agency UNHCR said at least 424,000 people had fled to neighbouring Niassa, Nampula and Pempa provinces, and warned that the crisis could spread beyond Mozambique's borders. "Those who are terrorists must be…
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