From Seizure to Settlement? Libya’s Quest to Reclaim Vast Rice Project
LAIP Chiefs in Mozambique: Battle for 20,000-Hectare Rice Investment Heats Up
A senior delegation from the Libya Africa Investment Portfolio (LAIP) has arrived in Maputo, Mozambique’s capital, seeking to recover control of a significant agricultural investment.
The delegation, led by Mustafa Abu Fanas, LAIP’s Board Chairman, comprises key officials: Bashir Musa, who heads the Portfolio’s subsidiary LAP Overseas, and Salem Kazouz, Director of Contributions and Evaluation.
The Libyan Ambassador to Mozambique, Saleh Al-Buaishi, welcomed the delegation alongside embassy personnel. In attendance was Gil Birch from Mozambique’s Investment and Export Promotion Agency (AIPEX), signalling the government’s engagement in the discussions.
The visit marks a crucial step in ongoing diplomatic efforts between LAIP and Mozambican authorities concerning a 20,000-hectare rice cultivation project.
The facility, seized by Mozambican officials in late 2020, has been the subject of intensive negotiations spearheaded by Ambassador Al-Buaishi.
Established in 2006, LAIP operates as an international investment vehicle that cultivates a diverse portfolio spanning multiple sectors and geographical regions. This sovereign wealth fund’s strategic approach centres on generating sustainable, long-term returns through carefully selected investments across global markets.
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