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LAIP delegation visits Maputo, Mozambique to recover seized rice project

bySami Zaptia
January 13, 2025
Reading Time: 1 min read
A A
LAIP delegation visits Maputo, Mozambique to recover seized rice project

A delegation from the Libya Africa Investment Portfolio (LAIP) arrived in the Mozambique capital Maputo yesterday to recover a seized rice project.

LAIP informed Libya Herald that the visit, led by LAIP Chairman Mustafa Abufanas, marks a significant step in ongoing diplomatic endeavours spearheaded by Libya’s Ambassador to Mozambique Saleh Al-Buaishi in coordination with LAIP.

Their primary objective, LAIP explained, is to negotiate the recovery of LAIP’s 20,000-hectare rice cultivation project, which was seized by Mozambican authorities in late 2020.

Attempt to recover assets in Guinea
On a similar note, it will be recalled that on 25 November 2024, a high-level Libyan government delegation led by Fathallah Al-Zini the Minister of Youth – who is also Special Envoy of the Tripoli based Libyan Prime Minister for Africa – arrived in Guinea to discusses recovery of portfolio investment assets.

‎The visit aimed to regain ownership of a major 2,150-hectare farm, the largest mango and pineapple farm in West Africa, as well as a juice factory and seven lakes.‎

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‎The farm was confiscated in 2020 by a presidential decree issued by the former Guinean president, but the Guinean Supreme Court had recently issued a ruling invalidating that decree.‎

 

High-level Libyan government delegation arrives in Guinea to regain ownership of illegally confiscated investment assets

 

Tags: LAP LAIP Libya Africa Investment PortfolioMaputo Mozambique

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