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Mozambique: Privinvest owner insists President Nyusi to blame for ‘tuna bond’ scandal

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The owner of Emirati-Lebanese shipbuilder, Privinvest, Iskandar Safa, has told London’s High Court that Mozambican President, Filipe Nyusi was ultimately responsible for the failure of the projects at the centre of the “tuna bond” scandal.

Mozambique is suing Privinvest and its owner, French shipping tycoon, Iskandar Safa, for allegedly paying millions of dollars in bribes to bankers atCredit Suisse and officials in Mozambique. The lawsuit is valued at $3.1 billion.

The “hidden debt” or tuna bond issue has sparked criminal investigations from Maputo to New York, as well as a string of related litigations in London involving Credit Suisse, Privinvest, Safa, and many other parties.

Safa, in his written witness statement, as he gave evidence by videolink from Paris, said, “Privinvest does not pay bribes, full stop,” and blamed the failure of the projects on Nyusi, whom he said “wanted the projects to fail” to undermine his predecessor, Armando Guebuza’s political authority.

“When President Nyusi replaced former President Guebuza a power struggle ensued between them,” Safa said.

“President Nyusi made deliberate decisions to undermine the projects, and as a result, the republic failed to take the necessary steps to monetize the projects as intended.”

The allegations against Nyusi were centred on payments totalling $11 million that they believe Privinvest paid in 2014 to support Nyusi’s election campaign and that of his Frelimo party, which is currently in power. Privinvest and Safa claimed he should be held responsible for whatever damages they may be required to pay Mozambique if they were found guilty.

In response to Privinvest and Safa’s arguments, Judge Robin Knowles ruled in his verdict last month that Nyusi “has immunity from the jurisdiction of this court while he is head of state of the republic. If the payments were illegal and they were liable to Mozambique, then Nyusi should be liable to them”.

Following a postponement brought on by Mozambique’s last-minute settlement with Credit Suisse’s new owner, UBS, the trial got underway in earnest last week. Mozambique has shifted its attention to Privinvest and is attempting to recover $700 million in losses, as well as $2.4 billion in potential liabilities.

Musings From Abroad

US official accuses Russian troops of entering base housing US military in Niger

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According to a senior United States defence official quoted by Reuters, Russian military soldiers have entered an air base in Niger that is housing American troops. This action comes after the junta in Niger decided to drive out American forces.

The West African nation, which up until a coup last year had been a crucial ally for Washington’s struggle against insurgents who have killed hundreds of people and displaced millions more, had demanded that Washington remove the almost 1,000 American military personnel.

Speaking on condition of anonymity, a senior U.S. defence official stated that Russian personnel were using a different hangar at Airbase 101, which is close to Diori Hamani International Airport in the capital city of Niamey, Niger, rather than interacting with American troops.

Russian military action brings U.S. and Russian forces closer at a time when the country’s military and diplomatic rivalry is growing more intense due to the situation in Ukraine. Reuters was the first to report on the move. It also begs the question of what would happen to US installations in the nation after a pullout.

“(The situation) is not great but in the short-term manageable,” the official said.

When questioned about the Reuters article, U.S. Defense Secretary Lloyd Austin downplayed the possibility that Russian forces would approach American military assets or pose a threat to American troops.

“The Russians are in a separate compound and don’t have access to U.S. forces or access to our equipment,” Austin told a press conference in Honolulu.

“I’m always focused on the safety and protection of our troops … But right now, I don’t see a significant issue here in terms of our force protection.”
The Nigerien and Russian embassies in Washington did not immediately respond to a request for comment.

After coups that installed forces anxious to break away from Western governments in power, the United States and its allies were obliged to withdraw their troops from many African nations. Apart from the imminent withdrawal from Niger, American forces have recently departed Chad and been expelled from Mali and Burkina Faso.

Simultaneously, Russia is attempting to reinforce its ties with African countries by portraying itself as a friendlier nation with no colonial past in the region. For instance, Mali has emerged as one of Russia’s closest African friends in recent years, thanks to the deployment of the Wagner Group mercenary force there to combat jihadist insurgents.

Russia has said that ties with the United States are “below zero” due to American financial and military support for Ukraine’s defence against Russian forces on the invader’s territory.

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Musings From Abroad

Hamas leader in talks for Gaza ceasefire with Egypt, Qatar 

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Ismail Haniyeh, the leader of Hamas, spoke with Abbas Kamel, the head of Egypt’s security services, and Mohammed bin Abdulrahman Al Thani, the prime minister and foreign minister of Qatar, as negotiations continue for a ceasefire in Gaza.

In a statement released on Thursday, the Palestinian Islamist group stated that a delegation will soon be in Egypt for additional negotiations on a cease-fire in the Gaza conflict.

The statement further stated that during the phone conversation with Egypt’s Kamel, Haniyeh had confirmed the group’s “positive spirit in studying the ceasefire proposal”.

Hamas announced on Saturday that it had received Israel’s most recent stance and would review it before responding.

An unnamed high-ranking Egyptian source was quoted by the Egyptian state-affiliated Al-Qahera News as stating that the Hamas delegation would land in Cairo within the next two days.

The visit by the Hamas delegation may happen within the next two days, according to a Palestinian official close to the mediation quoted by Reuters.

Hamas’ statement added that the negotiations to be held in Cairo aim to “mature a deal that achieves the demands of our people and ends the aggression.”

Hamas also said on Thursday that Haniyeh and the prime minister of Qatar had decided to carry on with the current negotiations to “mature a deal” through mediation by the governments of Qatar and Egypt.

Egypt has redoubled its efforts to force Israel and Hamas to resume their stalled talks to reach an agreement on a truce in Gaza.

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