Africa Monitor Intelligence
Mozambique: Violence and Sophistication Growing in the Kidnapping Business
As verified, the kidnappers demand a ransom of USD 5 million and the equivalent of the shares that the family holds in the company Kudumba Investments. This demand from the kidnappers has raised suspicions, indicating that there may be people interested in the percentage that HSS Trading holds in Kudumba.
One of the group's holdings, HSS Trading Offshore SAL, a company incorporated under Lebanese law with headquarters in Beirut and a branch in Mozambique, is the majority shareholder of Kudumba Investments, created in 2005, with c. of 36% of the capital of the company, which exclusively operates the scanners in the country's ports and airports. READ MORE