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LAIP delegation visits Maputo, Mozambique to recover seized rice project – Libya Herald
8:19 CAT | 13 Jan 2025
Photo: @LAIPFund/X
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.
LAIP Delegation Visits Maputo to Recover Seized Rice Project
A delegation from the Libya Africa Investment Portfolio (LAIP) has arrived in Maputo, Mozambique, on Saturday, 11 January.
Led by LAIP Chairman Mustafa Abufanas, the delegation comprised Bashir Moussa, Chairman of LAP… pic.twitter.com/uyXxjUfp3r
— محفظة ليبيا أفريقيا للاستثمار LAIP (@LAIPFund) January 12, 2025
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.
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.
Source: Libya Herald
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