Author ZITAMAR NEWS

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Zitamar News provides reliable and intelligent daily news and analysis on Mozambique’s economy, politics, and business sectors, with a particular focus on the extractive industry. Zitamar News is written and edited in Maputo by Tom Bowker and Leigh Elston, and by Gavriel Hollander in London - with contributions from a network of reporters in Mozambique and the region. Read more here. To contact the editors, including leads or tips in confidence, please email: news@zitamar.com

Economy Mozambique finance minister Adriano Maleiane testifying in parliament regarding ProIndicus, EMATUM, and MAM, 18 May 2016
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The Mozambique government intends to disregard the sovereign guarantee it signed on the $622 million loan for offshore security company ProIndicus, and let it go bankrupt - but has reached an agreement in principle to restructure a similar loan made to ProIndicus’ sister company MAM, the [...]

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Aid World Food Programme staff load and unload aid at Beira airport. Photo © Deborah Nguyen/WFP
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The head of the private company chosen by the Mozambique government to work with the World Food Programme (WFP) in distributing aid to cyclone and flood victims in central Mozambique lost his job at the Port of Beira in 2014 for failing to prevent [...]

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Economy The World Bank headquarters in Washington, DC
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The finance ministers of Mozambique, Zimbabwe, and Malawi will outline their countries’ needs in the wake of Cyclone Idai at a round-table meeting hosted by the World Bank in Washington, DC, later today, attended by the UK government’s minister of [...]

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Extractives An ExxonMobil offshore platform
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Mozambique’s petroleum regulator, INP, is still reviewing the LNG development plan for the Area 4 block in the Rovuma Basin, despite pressure from operator ExxonMobil to have the plan approved by the end of March to allow it to take a final investment [...]

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Kroll Report President Filipe Nyusi (right) at the book launch of 'The Great Corruption' by Hélio Filimone, February 2019
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Filipe Nyusi selected Credit Suisse to finance the offshore security contracts in what became known as Mozambique’s ‘hidden debts’ when he was defence minister in 2013, according to a newspaper report based on a letter supposedly signed by Nyusi, asking [...]

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Kroll Report Andrew Pearse leaving court on 29 March 2019. Photo: Tim Jones / Jubilee Debt Campaign
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The full extradition case for the three ex-Credit Suisse bankers accused of fraud and money laundering charges in the United States over Mozambique’s $2 billion of hidden debts will be heard in November, a London court heard today. Andrew Pearse, Surjan Singh and Detelina Subeva were granted [...]

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