Skulls of the victims of the Rwanda's 1994 genocide's at the Ntarama Genocide Memorial, in Kigali. AFP
Skulls of the victims of the Rwanda's 1994 genocide's at the Ntarama Genocide Memorial, in Kigali. AFP
Skulls of the victims of the Rwanda's 1994 genocide's at the Ntarama Genocide Memorial, in Kigali. AFP
Skulls of the victims of the Rwanda's 1994 genocide's at the Ntarama Genocide Memorial, in Kigali. AFP

26 years later: man who allegedly funded Rwanda genocide brought to justice


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The arrest of 84-year-old Felicien Kabuga in Paris over the weekend has shown that no one can run from justice forever, no matter how rich or well-connected. On Saturday, Rwandan businessman Mr Kabuga, allegedly behind war crimes in his native Rwanda, was arrested in a shoddy Parisian suburb, where he had been living with family members under a false identity.

Mr Kabuga had been hunted down by international institutions for decades, with the US in 2002 offering a $5 million (Dh18.3m) reward for information about his whereabouts. His arrest came 23 years after he had been indicted on seven counts of genocide against the minority Tutsi people, by the UN’s Rwanda tribunal. He is accused of financing Rwanda’s 1994 massacre against the Tutsi people, their allies and moderate Hutus – the majority ethnic group in the country.

Mr Kabuga is alleged to have paid extremist Hutu militias to kill thousands of people. In the lead-up to Rwanda’s genocide, he allegedly funded a radio station that spewed hatred against the Tutsi ethnic group. As a result of his actions, and that of others like him, violence flared up in the country. Nearly one million people were slaughtered between April and June 1994.

Among the countless stories that emerged from the massacres were those of neighbours who turned against neighbours, killing them brutally. Those who refused to take part in the violence were also killed or tortured. Children, women and the elderly were not spared. Women became the targets of sexual violence.

Felicien Kabuga is one of the last key fugitives wanted over the 1994 Rwandan genocide, who was arrested in a Paris suburb on May 16, 2020. AFP PHOTO /Mecanisme pour les Tribunaux penaux internationaux/Nations Unies
Felicien Kabuga is one of the last key fugitives wanted over the 1994 Rwandan genocide, who was arrested in a Paris suburb on May 16, 2020. AFP PHOTO /Mecanisme pour les Tribunaux penaux internationaux/Nations Unies

Yet after all the bloodshed, in the decades that followed, the people of Rwanda managed to move past this dark chapter in their history, with different ethnic groups and communities reconciling in a new era of peace. Reconciliation, however, does not amount to forgiveness. More than a quarter of a century after the genocide, Mr Kabuga will stand trial in an international court of law. The world owes this to the victims of the genocide and to its survivors.

In Rwanda, Mr Kabuga was rumoured to be a spirit that could not be touched or seen

Only two people who must appear at the International Criminal Tribunal for Rwanda are still missing. But hopes are high that, like Mr Kabuga, they will not evade justice. In the words of UN Secretary General Antonio Guterres, "Kabuga’s apprehension sends a powerful message that those who are alleged to have committed such crimes cannot evade justice and will eventually be held accountable, even more than a quarter of a century later."

In Rwanda, Mr Kabuga was rumoured to be a spirit that could not be touched or seen but whose presence continued to scar the minds and homes of those he brutalised. Now, the ghost of Mr Kabuga will no longer haunt the memories of genocide survivors – many of whom have lost loved ones in the violence he helped to foment. His arrest has exposed him for what he is: a man who for decades lived in the shadows in fear of his impending day of reckoning.

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Essentials

The flights
Emirates and Etihad fly direct from the UAE to Los Angeles, from Dh4,975 return, including taxes. The flight time is 16 hours. Alaska Airlines, United Airlines, Delta Air Lines, Aeromexico and Southwest all fly direct from Los Angeles to San Jose del Cabo from Dh1,243 return, including taxes. The flight time is two-and-a-half hours.

The trip
Lindblad Expeditions National Geographic’s eight-day Whales Wilderness itinerary costs from US$6,190 (Dh22,736) per person, twin share, including meals, accommodation and excursions, with departures in March and April 2018.

 

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Pakistan: Sarfraz Ahmed (c), Fakhar Zaman, Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Hussain Talat, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shinwari, Hassan Ali, Imad Wasim, Waqas Maqsood, Faheem Ashraf.

COMPANY PROFILE

Company name: SimpliFi

Started: August 2021

Founder: Ali Sattar

Based: UAE

Industry: Finance, technology

Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

8 UAE companies helping families reduce their carbon footprint

Greenheart Organic Farms 

This Dubai company was one of the country’s first organic farms, set up in 2012, and it now delivers a wide array of fruits and vegetables grown regionally or in the UAE, as well as other grocery items, to both Dubai and Abu Dhabi doorsteps.

www.greenheartuae.com

Modibodi  

Founded in Australia, Modibodi is now in the UAE with waste-free, reusable underwear that eliminates the litter created by a woman’s monthly cycle, which adds up to approximately 136kgs of sanitary waste over a lifetime.

www.modibodi.ae

The Good Karma Co

From brushes made of plant fibres to eco-friendly storage solutions, this company has planet-friendly alternatives to almost everything we need, including tin foil and toothbrushes. 

www.instagram.com/thegoodkarmaco

Re:told

One Dubai boutique, Re:told, is taking second-hand garments and selling them on at a fraction of the price, helping to cut back on the hundreds of thousands of tonnes of clothes thrown into landfills each year.

www.shopretold.com

Lush

Lush provides products such as shampoo and conditioner as package-free bars with reusable tins to store. 

www.mena.lush.com

Bubble Bro 

Offering filtered, still and sparkling water on tap, Bubble Bro is attempting to ensure we don’t produce plastic or glass waste. Founded in 2017 by Adel Abu-Aysha, the company is on track to exceeding its target of saving one million bottles by the end of the year.

www.bubble-bro.com

Coethical 

This company offers refillable, eco-friendly home cleaning and hygiene products that are all biodegradable, free of chemicals and certifiably not tested on animals.

www.instagram.com/coethical

Eggs & Soldiers

This bricks-and-mortar shop and e-store, founded by a Dubai mum-of-four, is the place to go for all manner of family products – from reusable cloth diapers to organic skincare and sustainable toys.

www.eggsnsoldiers.com

The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.