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    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Mozambique’s Cashew Industry Surges, Nearing Historic Production Peaks

    Mozambique’s Cashew Industry Surges, Nearing Historic Production Peaks

    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    SERNIC Seizes Elephant Tusks in Tete, Three Arrested

    SERNIC Seizes Elephant Tusks in Tete, Three Arrested

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

  • Africa
    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Unitrans Innovates to Meet Africa’s Logistics Demands

    Unitrans Innovates to Meet Africa’s Logistics Demands

    ASI Expands into Autonomous Construction with SoftBank

    ASI Expands into Autonomous Construction with SoftBank

    The Great African Land Rush: A Harvest of Hope or a Recipe for Strife?

    The Great African Land Rush: A Harvest of Hope or a Recipe for Strife?

    Africa’s Hunger Pains: A Continent on the Brink as Global Trade Wars Bite

    Africa’s Hunger Pains: A Continent on the Brink as Global Trade Wars Bite

  • Company
    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

    Polluted Rivers Force Farmers to Abandon Agriculture in Manica

    Polluted Rivers Force Farmers to Abandon Agriculture in Manica

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Mozambican Cotton Czar Reaffirms Global Clout

    Mozambican Cotton Czar Reaffirms Global Clout

  • International
    Coral-rich Northern Mozambique Channel just became a UN World Restoration Flagship – Comoros, Madagascar, Mozambique and Tanzania involved

    Coral-rich Northern Mozambique Channel just became a UN World Restoration Flagship – Comoros, Madagascar, Mozambique and Tanzania involved

    Business Leaders from Mozambique and Dubai Talk New Investment Prospects.

    Business Leaders from Mozambique and Dubai Talk New Investment Prospects.

    India and Japan Forge Closer Ties with Billions in Development Loans

    India and Japan Forge Closer Ties with Billions in Development Loans

    Arrigoni Earns Gender Equality Certification

    Arrigoni Earns Gender Equality Certification

    Dutch Investors Eye Mozambique’s Agricultural Potential in Beira

    Dutch Investors Eye Mozambique’s Agricultural Potential in Beira

    Invictus Investment Bolsters African Footprint with Acquisition of Mozambique’s Largest Flour Miller

    Invictus Investment Bolsters African Footprint with Acquisition of Mozambique’s Largest Flour Miller

  • Markets
    Mozambican Sugar Exports Surge 50% to $36m, Bouncing Back from Cyclone Impacts

    Mozambican Sugar Exports Surge 50% to $36m, Bouncing Back from Cyclone Impacts

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Mozambique, Saudi Arabia enhance agriculture cooperation

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

  • Equipment
    Atlas Copco and JR Compressors Make Strong Impression at Nampo 2025

    Atlas Copco and JR Compressors Make Strong Impression at Nampo 2025

    Telehandlers Drive Efficiency on South African Farms

    Telehandlers Drive Efficiency on South African Farms

    Unitrans Innovates to Meet Africa’s Logistics Demands

    Unitrans Innovates to Meet Africa’s Logistics Demands

    ASI Expands into Autonomous Construction with SoftBank

    ASI Expands into Autonomous Construction with SoftBank

    El Niño’s Grim Toll: UN Plea for €196 Million to Rescue Drought-Stricken Mozambique

    El Niño’s Grim Toll: UN Plea for €196 Million to Rescue Drought-Stricken Mozambique

    Clean Cooking Takes the Spotlight in Africa’s $40B Energy Drive

    Clean Cooking Takes the Spotlight in Africa’s $40B Energy Drive

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  • News
    • All
    • Crops
    • Diary
    • Fresh Produce
    • Game & Wildlife
    • Livestock
    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Mozambique’s Cashew Industry Surges, Nearing Historic Production Peaks

    Mozambique’s Cashew Industry Surges, Nearing Historic Production Peaks

    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    SERNIC Seizes Elephant Tusks in Tete, Three Arrested

    SERNIC Seizes Elephant Tusks in Tete, Three Arrested

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

  • Africa
    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    Youth Month Inspires Africa’s Next Generation of Sustainability Leaders with Student Innovation Competition

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Unitrans Innovates to Meet Africa’s Logistics Demands

    Unitrans Innovates to Meet Africa’s Logistics Demands

    ASI Expands into Autonomous Construction with SoftBank

    ASI Expands into Autonomous Construction with SoftBank

    The Great African Land Rush: A Harvest of Hope or a Recipe for Strife?

    The Great African Land Rush: A Harvest of Hope or a Recipe for Strife?

    Africa’s Hunger Pains: A Continent on the Brink as Global Trade Wars Bite

    Africa’s Hunger Pains: A Continent on the Brink as Global Trade Wars Bite

  • Company
    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    South Korea Boosts Food Aid to Mozambique with $7.6 Million

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Mozambique Allocates Land for Zambia’s Dry Port in Nacala

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

    Maputo–Matola Intermodal Transport Integration Launches Pilot Phase

    Polluted Rivers Force Farmers to Abandon Agriculture in Manica

    Polluted Rivers Force Farmers to Abandon Agriculture in Manica

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Mozambique and Neighbours Exit UN Hunger Hotspot List as Harvests Rebound

    Mozambican Cotton Czar Reaffirms Global Clout

    Mozambican Cotton Czar Reaffirms Global Clout

  • International
    Coral-rich Northern Mozambique Channel just became a UN World Restoration Flagship – Comoros, Madagascar, Mozambique and Tanzania involved

    Coral-rich Northern Mozambique Channel just became a UN World Restoration Flagship – Comoros, Madagascar, Mozambique and Tanzania involved

    Business Leaders from Mozambique and Dubai Talk New Investment Prospects.

    Business Leaders from Mozambique and Dubai Talk New Investment Prospects.

    India and Japan Forge Closer Ties with Billions in Development Loans

    India and Japan Forge Closer Ties with Billions in Development Loans

    Arrigoni Earns Gender Equality Certification

    Arrigoni Earns Gender Equality Certification

    Dutch Investors Eye Mozambique’s Agricultural Potential in Beira

    Dutch Investors Eye Mozambique’s Agricultural Potential in Beira

    Invictus Investment Bolsters African Footprint with Acquisition of Mozambique’s Largest Flour Miller

    Invictus Investment Bolsters African Footprint with Acquisition of Mozambique’s Largest Flour Miller

  • Markets
    Mozambican Sugar Exports Surge 50% to $36m, Bouncing Back from Cyclone Impacts

    Mozambican Sugar Exports Surge 50% to $36m, Bouncing Back from Cyclone Impacts

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Mozambique, Saudi Arabia enhance agriculture cooperation

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

  • Equipment
    Atlas Copco and JR Compressors Make Strong Impression at Nampo 2025

    Atlas Copco and JR Compressors Make Strong Impression at Nampo 2025

    Telehandlers Drive Efficiency on South African Farms

    Telehandlers Drive Efficiency on South African Farms

    Unitrans Innovates to Meet Africa’s Logistics Demands

    Unitrans Innovates to Meet Africa’s Logistics Demands

    ASI Expands into Autonomous Construction with SoftBank

    ASI Expands into Autonomous Construction with SoftBank

    El Niño’s Grim Toll: UN Plea for €196 Million to Rescue Drought-Stricken Mozambique

    El Niño’s Grim Toll: UN Plea for €196 Million to Rescue Drought-Stricken Mozambique

    Clean Cooking Takes the Spotlight in Africa’s $40B Energy Drive

    Clean Cooking Takes the Spotlight in Africa’s $40B Energy Drive

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Mozambique Agri
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Home Editor picks

Lebanese shipbuilder embroiled in Mozambique Debt Scandal

Lebanese shipbuilder embroiled in Mozambique Debt Scandal

Ian by Ian
March 25, 2021
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At the core of a $2 billion debt crisis in Mozambique, a Lebanese shipbuilder admitted he made payments to his now-president and the ruling party in 2014, but said they were legitimate campaign contributions, according to a London court filing, not bribes.

According to the Jan. 15 filing at London’s High Court, Privinvest said payments made to President Filipe Nyusi in the run-up to his election and the Frelimo party were permitted under Mozambican law.

The case relates to a series of tuna fishing, maritime security and shipbuilding projects in which Privinvest was the sole contractor and for which Mozambique borrowed $2 billion between 2013 and 2014, provided or arranged by banks including Credit Suisse. Nyusi was defence minister at the time the projects were agreed upon.

U.S. authorities say hundreds of millions of dollars went missing in what they described as a front for a bribery and kickback scheme. The scandal prompted donors including the International Monetary Fund to cut off support to Mozambique, triggering a currency collapse and debt default in 2016.

Nyusi’s spokesman, Caifadine Manasse, denied that the Mozambican leader had any connection with the scandal and said that any campaign donations were in line with the law.

“President Nyusi has no possible relation to the illegal debt,” Manasse said in response to questions about Privinvest’s court filing.

“We are waiting serenely for the truth to come out, and that will show that neither Frelimo nor President Nyusi is involved in any wrongdoing,” Manasse said.

The filing by Privinvest was part of its response to a lawsuit brought by Mozambique in 2019 against it, Credit Suisse and other defendants, seeking compensation and the recovery of loan funds. Mozambique also sued Privinvest’s billionaire owner Iskandar Safa later that year, accusing him of fraud.

Both Privinvest and Safa have denied wrongdoing, while Credit Suisse issued a counterclaim to the London lawsuit arguing it had the right to seek damages for money it is owed.

The Jan. 15 filing by Privinvest and Safa says Privinvest made campaign donations to Nyusi and the Frelimo party but that “none of this was a quid pro quo for the projects” and that “no claim of bribery” could be made.

“If there was any such conspiracy, President Nyusi…was fully aware of, and/or participated, in it, and indeed was at the heart of the matters now complained of by the Republic,” the filing said.

Credit Suisse declined to comment on the London filing.

U.S. prosecutors brought a separate case in relation to the scandal in 2019, in which three Credit Suisse bankers pleaded guilty to charges including conspiracy to violate anti-bribery laws. Credit Suisse has said that the defendants hid their contacts from the bank. U.S. authorities have also charged a former Mozambican finance minister over his alleged role and are seeking his extradition from South Africa.

The United States was the first to bring charges in the affair, with criminal and civil actions by authorities in Mozambique following soon afterwards.

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