Browsing: Politics & Economy

Hidden Debts dossier Graça Machel. Image from www.fdc.org.mz
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Graça Machel, a major political figure in Mozambique and widow of Mozambique’s first president Samora Machel, and of Nelson Mandela, has written to Credit Suisse urging it absolve Mozambique of the responsibility to repay the $2 billion in debt that it helped arrange for companies owned by [...]

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Hidden Debts dossier Prime Minister Carlos Agostinho do Rosário and Deputy Finance Minister Maria Isaltina Lucas at a briefing on 1 March 2017. Photo © Alexandre Nhampossa / Zitamar News
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Mozambican President Filipe Nyusi yesterday dismissed Maria Isaltina Lucas as deputy finance minister, potentially clearing the way for her to face prosecution for her role in the $2.2 billion ‘hidden debts’ scandal. The dismissal is an “appropriate measure” which removes her immunity as a [...]

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Politics Young men farming in Nkondezi, Tete province, in January 2019. Photo © Fungai Caetano / Zitamar News
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Claims that Renamo has been mistreating Mozambicans returning to Tete province from a refugee camp in Malawi have been met with scepticism from the United Nations’ refugee agency, the UNHCR, that manages the camp. In January Mozambique’s National Defence and Security Council (Conselho [...]

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Hidden Debts dossier The pavilion at the Frelimo Central School in Matola.
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The Political Commission of Mozambican ruling party Frelimo may be moving to support non-payment of the so-called ‘hidden debts’, saying last Friday that the government’s focus should be on “identifying solutions which safeguard the interests of [...]

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Hidden Debts dossier Manuel Chang in court in Johannesburg on 8 January 2018. Photo © Zitamar News
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Mozambique’s request for the return of former finance minister Manuel Chang, currently under arrest in South Africa, is not connected to his involvement in the so-called ‘hidden debts’ but to other corruption allegations involving a Brazilian construction [...]

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Economy Prime Minister Carlos Agostinho do Rosário and Deputy Finance Minister Maria Isaltina Lucas at a briefing on 1 March 2017. Photo © Alexandre Nhampossa / Zitamar News
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A criminal indictment in the US over Mozambique’s $2.2 billion hidden debt scandal will affect negotiations between the Mozambican government and the holders of the loans that financed the deals, Prime Minister Carlos Agostinho do Rosário said yesterday. The [...]

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Politics Renamo leadership candidates (front row l-r) Manuel Bissopo, Elias Dhlakama, Ossufo Momade, Juliano Picardo, and Herminio Morais, at the party’s Congress in Gorongosa on 15 January. Photo © Fungai Caetano / Zitamar News
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Renamo’s new leader Ossufo Momade yesterday closed the Renamo Congress in Gorongosa without selecting a new Secretary General - the second highest position in the party - following a thinly veiled threat from his main rival for the leadership, Elias Dhlakama, that excluding him from the [...]

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