Credit ratings agency Standard & Poor’s has said that Mozambique’s deal to extend the maturity of of almost $700 million in government-guaranteed bonds by three years counts as a government default. The deal involves converting the remaining $697 million of outstanding EMATUM bonds – which should have been paid off by 2020 in six-monthly instalments…...
Latest Headlines
- Cabo Delgado insurgents kill up to 15 ‘Naparama’ fighters in Meluco clash
- Gemrock prepares to reopen ruby mine following October attack
- Chinese logger exports thousands of tonnes of Mozambican timber in defiance of ban
- Zitamar Daily Briefing, 1 February
- Zitamar Daily Briefing, 31 January
- Zitamar Daily Briefing, 30 January
- Zitamar Daily Briefing, 27 January
- Maputo port’s record cargo reflects South Africa’s freight turmoil