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MAPUTO, Mozambique (AP) — Protests in Mozambique over disputed local election results resulted in the deaths of a police officer and a civilian Friday, a corruption watchdog group said. The unrest followed Thursday's official validation of the election results, which gave the ruling Frelimo party victory in 64 out of 65 municipalities. A consortium of election observers had reported widespread ballot stuffing, voter intimidation and falsification of results in favor of Frelimo in the Oct. 11 elections. Demonstrators barricaded streets during the protests, which were concentrated in Mozambique's capital, Maputo, and the northern cities of Nampula and Nacala. In Maputo, main opposition party Renamo led its supporters in a march.

Persons: Renamo, Orlando Mudomane, Mudomane Organizations: —, Police, Riot, Center for Public Integrity, ___ AP Locations: MAPUTO, Mozambique, Maputo, Nampula, Nacala, Mozambican, Quelimane, Matola, Portugal, ___, africa

☆ Mozambique's Nyusi to blame over 'tuna bond' scandal, shipbuilder's owner says
▼ + stars: | 2023-10-25 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

Mozambique President Filipe Jacinto Nyusi addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsLONDON, Oct 25 (Reuters) - Mozambican President Filipe Nyusi was ultimately responsible for the failure of the projects at the centre of the "tuna bond" scandal, the owner of Emirati-Lebanese shipbuilder Privinvest told London's High Court on Wednesday. "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 trial began in earnest last week after a delay caused by Mozambique's 11th-hour settlement with Credit Suisse's new owner, UBS (UBSG.S).

Persons: Filipe Jacinto Nyusi, Eduardo Munoz, Filipe Nyusi, Privinvest, Iskandar Safa, Safa, videolink, Armando Guebuza's, Nyusi, Guebuza, Mozambique's, Sam Tobin, Rod Nickel Organizations: General Assembly, REUTERS, London's, Credit Suisse, party's, UBS, International Monetary Fund, Thomson Locations: Mozambique, New York City, U.S, Mozambican, Privinvest, Nyusi, Paris

☆ Mozambique reports bird flu outbreak on laying hen farm
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

Test tubes labelled "Bird Flu" and eggs are seen in this picture illustration, January 14, 2023. The bird flu outbreak was found on a farm of 54,207 laying hens aged between 23 and 30 weeks kept in a high biosecurity facility, the Paris-based body said, quoting information from Mozambique's health authorities. Neighbouring South Africa, a leading poultry producer on the continent, is currently grappling with a major bird flu outbreak that killed millions of chickens. The spread of the highly contagious virus is raising concern among governments and the poultry industry after it ravaged flocks around the globe in the past years, disrupting supply, fueling food prices and posing a risk of human transmission. Reporting by Sybille de La Hamaide, editing by Gus TrompizOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Sybille de La, Gus Trompiz Organizations: REUTERS, Rights, Organisation for Animal Health, Thomson Locations: Mozambique, Paris, South Africa

☆ Mozambique seeks $3 billion from Privinvest in 'tuna bonds' scandal
▼ + stars: | 2023-10-17 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

Traditional fishing boats sail as Mozambique's tuna fleet sits in dock beneath Maputo's skyline, in this picture taken August 15, 2015. REUTERS/Grant Lee Neuenburg/File Photo Acquire Licensing RightsLONDON, Oct 17 (Reuters) - Mozambique is seeking more than $3 billion in damages from Emirati-Lebanese shipbuilder Privinvest over the decade-old "tuna bond" scandal, London's High Court heard on Tuesday. The case centres on deals struck by state-owned companies with Privinvest for loans and bonds from banks including Credit Suisse in 2013 and 2014 for fishing boats and maritime security. Mozambique alleged Privinvest paid bribes on an "industrial scale", involving the "grand corruption" of officials including Mozambique's former Finance Minister Manuel Chang, court filings showed. Chang was extradited to the U.S., where in July he pleaded not guilty to fraud and money laundering charges related to the tuna bonds scandal.

Persons: Grant Lee Neuenburg, Privinvest, Jonathan Adkin, Iskandar Safa, Safa, Manuel Chang, Chang, Adkin, Sam Tobin, Kirstin Ridley, Cynthia Osterman Organizations: REUTERS, Privinvest, UBS, Credit Suisse, International Monetary Fund, Thomson Locations: Maputo's, Mozambique, Safa, U.S, London's

☆ Mozambique can sue Privinvest in London 'tuna bond' case, UK court rules
▼ + stars: | 2023-09-20 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

Mozambique is suing Privinvest, its owner Iskandar Safa, Credit Suisse and others over three loans raised in 2013 and 2014, ostensibly to develop its fishing industry. In the Supreme Court case, Privinvest argued the dispute must be heard in secret arbitration proceedings. But senior judges unanimously allowed the case to be heard in a lengthy public trial in the High Court, due to begin on Oct. 3. The judgment validates Mozambique's decision to bring proceedings in the High Court, said Mozambique's London law firm Peters & Peters. The High Court ruled this month that Nyusi has state immunity.

Persons: Filipe Jacinto Nyusi, Eduardo Munoz, Privinvest, Iskandar Safa, Peters, Peters & Peters, Safa, corruptly, Filipe Nyusi, Nyusi, Helen Taylor, Kirstin Ridley, Manuel Mucari, William James, Tomasz Janowski, Alexander Smith Organizations: General Assembly, REUTERS, Credit Suisse, Peters &, Privinvest, UBS, Mozambican, Corruption, Thomson Locations: Mozambique, New York City, U.S, Britain, Court, London, Lebanon, Abu Dhabi, United States, Mozambican, Maputo

☆ Mozambique ex-finance minister denied bail in New York over $2 billion 'tuna bond' scandal
▼ + stars: | 2023-07-14 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +3 min

Judge Nicholas Garaufis denied the defendant's request for bail, deeming Chang a flight risk. the judge asked Chang's lawyer, Adam Ford. Hinting at his future defense, Chang's lawyer stated that although his client's signature is on the loan documents, it doesn't indicate he knew about the fraud. Judge Garaufis responded "I'm asking because I understand you have a master's degree from the University of London." Chang's lawyer stated that given the significance of the proceedings, it would be helpful for his client to have an interpreter.

Persons: Manuel Chang, Chang, Judge Nicholas Garaufis, Adam Ford, Ford, Hiral Mehta, Garaufis, Chang's, Judge Garaufis Organizations: Credit Suisse, UN, Prosecutors, Three Credit Suisse, University of London Locations: Brooklyn, South Africa, Mozambique, Manhattan, United States, Portuguese

☆ Mozambique "tuna bond" case against Credit Suisse can proceed, UK judge rules
▼ + stars: | 2023-07-03 | by ( Kirstin Ridley | ) www.reuters.com time to read: +3 min

But he warned: "At trial, all alternatives, including to strike out and in whole or in part, remain available." Credit Suisse, UAE-Lebanese Privinvest and others argued that a lack of "adequate" disclosure jeopardised a fair trial. Under English litigation rules, each party has to disclose documents on which they rely for their case, those that might damage their own case and those that support the case of others. A spokesperson for Credit Suisse said the bank noted the judgment and "continues to defend itself". Credit Suisse agreed to pay about $475 million to British and U.S. authorities in 2021 to resolve bribery and fraud charges and has pledged to forgive $200 million of debt owed by Mozambique.

Persons: Robin Knowles, SISE, Privinvest, Kirstin Ridley, Rachel Savage, Sam Tobin, Conor Humphries Organizations: Credit Suisse, Privinvest, International Monetary Fund, Mozambican, UBS, Lawyers, Thomson Locations: London, Mozambican, Mozambique, UAE, Lebanese, Swiss, U.S, United States

Buarque was awarded in 2019 the Camoes Prize, which every year recognises an author from a Portuguese-speaking nation. The prize, named after Portuguese poet Luis de Camoes, was created by Portugal and Brazil in 1988. When Buarque won, Bolsonaro refused to sign the award diploma, delaying the ceremony. Buarque was also an opponent of the two decade-long military dictatorship in Brazil that began in 1964. "It is for me a satisfaction to correct one of the biggest mistakes ... committed against Brazilian culture in recent times," Lula said.

☆ Sotheby's to auction world's largest ruby in New York in June
▼ + stars: | 2023-04-17 | by ( Jessie Pang | Thomson Reuters | Jessie Pang Joined Reuters In After An Internship. She Covers Hong Kong With A Focus On Politics | ) www.reuters.com time to read: +2 min

[1/2] An employee shines a light at the 55.22 carat "The Estrela de Fura" ruby, the largest in the world and expected to fetch up to $30 million in an upcoming New York auction, during a preview at Sotheby's, in Hong Kong, China April 17, 2023. REUTERS/Lam YikHONG KONG, April 17 (Reuters) - The largest ruby in the world to come to auction will be offered by Sotheby's in New York in June, the auction house said at a preview in Hong Kong on Monday, and is estimated to achieve more than $30 million. That would probably make the 55.22-carat gem, known as the Estrela de Fura, the most expensive ruby ever sold at auction, said Uni Kim, a specialist in Sotheby's jewellery department in the Asian financial capital. The current world record for a ruby sold at auction was set in May 2015 by "Sunrise Ruby," a 25.59-carat Burmese stone that fetched $30.3 million at Sotheby's in Geneva. "We estimate Estrela de Fura to be sold in excess of $30 million," Kim added.

[1/7] A drone image of Mtauchira village shows the destruction caused by a mudslide where many people lost their lives, in the aftermath of Cyclone Freddy in Blantyre, Malawi, March 16, 2023. Tropical Cyclone Freddy has killed more than 400 people in Malawi, Mozambique and Madagascar since it first made landfall in Africa in late February and circled back to hit the region for a second time over the weekend. In Mozambique, some villages have been completely cut off since the cyclone made its second landfall on Saturday. At least 53 people have died in Mozambique and 326 in Malawi since the weekend, according to government figures. The storm had already killed about 27 people in Madagascar and Mozambique before it lashed Mozambique a second time.

☆ Cyclone Freddy toll surpasses 300 as Mozambique counts bodies
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

MAPUTO, March 16 (Reuters) - The death toll from Tropical Cyclone Freddy has passed 300 people, with authorities in Mozambique taking several days to assess the extent of the damage and loss of life. The storm tore through southern Africa over the weekend for a second time after first making landfall in late February. It is one of the longest-lasting tropical cyclones ever recorded and one of the deadliest in Africa in recent years. At least 53 people have died in Mozambique's Zambezia province, authorities said late on Wednesday, more than doubling their previous count. The storm killed about 27 people in Madagascar and Mozambique before lashing Mozambique a second time.

☆ Mozambique records rise in cholera cases, Malawi sees decline - WHO
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] Eliza Tangwe, 18, takes a dose of oral cholera vaccine at a health centre in response to the latest cholera outbreak in Blantyre, Malawi, November 16, 2022. REUTERS/Eldson Chagara/March 15 (Reuters) - Mozambique recorded an increase in the number of cholera cases in the last few weeks, the World Health Organization said on Wednesday, even as many other African countries reported a decline. Mozambique's neighbor Malawi, which has been battling the deadliest cholera outbreak in its history, was now seeing a sustained decline in cases and deaths, WHO official and epidemiologist Dr Otim Ramadan said. Overall, cholera cases and deaths in Africa have been declining over recent weeks. So far this year, more than 40,000 cases have been reported in Africa, with Malawi accounting for more than half and Mozambique recording about 15%, WHO reported.

☆ Credit Suisse was losing the faith of investors long before the SVB debacle. Here's why the situation came to a head this week.
▼ + stars: | 2023-03-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Credit Suisse shares tumbled more than 25% on Wednesday as fears grew of a banking crisis. Here's a closer look at why Credit Suisse is worrying investors. The latest slump in Credit Suisse stock can partly be explained by recent events in the US banking industry. Credit Suisse CEO Ulrich Koerner has also faced questions about his plans to cut costs, staunch losses, and turn around his company. There's no clear reason to believe Credit Suisse is at risk of failure.

[1/3] Branches of trees sway as cyclone Freddy hits, in Quelimane, Zambezia, Mozambique, March 12, 2023, in this screen grab taken from a handout video. It pummelled central Mozambique on Saturday, ripping roofs off buildings and bringing widespread flooding around the port of Quelimane, before moving inland towards Malawi with torrential rains that caused landslides. At least six people died in Mozambique's Quelimane, which was struck hard by the storm, authorities told the public broadcaster on Monday. The total number killed by storm Freddy in Mozambique, Malawi and Madagascar since it first made landfall last month is now nearing 100. Malawi has been battling the deadliest cholera outbreak in its history, and U.N. agencies have warned the situation could now get worse.

☆ Storm Freddy triggers floods in Malawi, killing at least 11
▼ + stars: | 2023-03-13 | by ( Frank Phiri | ) www.reuters.com time to read: +2 min

[1/3] Branches of trees sway as cyclone Freddy hits, in Quelimane, Zambezia, Mozambique, March 12, 2023, in this screen grab taken from a handout video. UNICEF Mozambique/2023/Alfredo Zuniga/Handout via REUTERSBLANTYRE, Malawi, March 13 (Reuters) - At least 11 people have died and 16 are missing around Malawi's second-largest city Blantyre after tropical storm Freddy brought torrential rains that triggered floods and landslides, police said on Monday. It pummelled Mozambique for the second time in a month as a cyclone over the weekend before weakening as it moved inland towards Malawi. "Some missing people are feared buried in rubble and our team is working with other cooperating national agencies," Kalaya said. Scientists say climate change is making tropical storms stronger, as oceans absorb much of the heat from greenhouse gas emissions and when warm seawater evaporates heat energy is transferred to the atmosphere.

The tuna bond or "hidden debt" scandal, one of Africa's most high-profile corruption cases of recent years, has triggered a spate of litigation from Maputo to Washington. But the London case could establish whether one of the world's poorest countries can secure compensation and restitution. Credit Suisse, Privinvest and others had called for the complex case of claim and counter-claim to be nixed if Mozambique fails to provide "adequate" disclosure within one month of any court order. Mozambique's attorney general has said that state secrecy prevents some documents from being disclosed. Privinvest has said it delivered on all of its obligations under the contracts and any payments it made were legal under Mozambican law.

☆ Mozambicans seek shelter as storm Freddy makes landfall
▼ + stars: | 2023-02-24 | by ( Manuel Mucari | ) www.reuters.com time to read: +3 min

MAPUTO, Feb 24 (Reuters) - Mozambicans took shelter on Friday as tropical storm Freddy made landfall in a small coastal town, with heavy rain expected to batter the country's southern provinces for several days. Pictures posted by Matos on Facebook showed children and adults sitting on the floor in a crowded primary school classroom. Up to 1.75 million people could be affected by the storm and severe flooding, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said in a statement. Mozambique has already been battling severe flooding in recent days, and the government has declared a state of "red alert" to expedite operations to tackle Freddy. In Zimbabwe, which is expected to see heavy rain from Freddy, the education ministry has suspended school in six provinces.

☆ Angolan court orders seizure of dos Santos's assets - Lusa news agency
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +1 min

Dos Santos has faced corruption accusations for years. In 2019, Angola's Supreme Court ordered the seizure of her assets for allegedly steering state funds to companies in which she held stakes during her father's presidency, including oil giant Sonangol. Dos Santos's father, Jose Eduardo dos Santos, died in July. A spokesperson for dos Santos did not immediately reply to a request for comment. The order comes after global police agency Interpol issued a red notice for dos Santos last month, asking global law enforcement authorities to locate and provisionally arrest her.

Now it bustles with vessels loading up with coal, as Russia's invasion of Ukraine drives a worldwide race for the polluting fuel. The resurgent coal demand, driven by governments trying to wean themselves off Russian energy while keeping a lid on power prices, clashes with climate plans to shift away from the most polluting fossil fuel. Global seaborne thermal coal imports reached 97.8 million tonnes in July, the highest level on record and up more than 9% year-on-year, an analysis from ship broker Braemar shows. The bloc's ban on Russian coal imports has further increased pressure on electricity generators to find alternative sources of the fuel. Russia usually provides about 70% of the EU's thermal coal, according to the Brussels-based think-tank Bruegel, while it typically supplies 40% of the bloc's natural gas.

☆ Mozambican designer wants his brand up there with the world's best
▼ + stars: | 2022-09-16 | by ( ) www.reuters.com time to read: +1 min

Mozambican designer Mauricio Matapisse works on clothing designs in his studio in Maputo, Mozambique September 3, 2022 REUTERS/Emidio JozineRegister now for FREE unlimited access to Reuters.com RegisterMAPUTO, Sept 16 (Reuters) - Mozambican designer Mauricio Matapisse looks on as a machine sews the logo of his Nothing to Lose (NTL) clothing brand onto fabric. He wants his brand, which has caught the eyes of young Mozambicans with its trendy designs, to be on par with the world's best. NTL customers say its affordability, fabric quality and range of styles from hats to summer outfits set it apart. "You have the freedom to choose the colour, size and design of your clothes," customer Neusa Gilda Castigo Mussuey said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Emidio Jozine; Writing by Bhargav Acharya; Editing by Alexander Winning and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

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