The governor of the Bank of Mozambique, Ernesto Gove, was sacked today by President Filipe Nyusi after 10 years in his post and replaced with an IMF economist, Rogério Zandamela. Gove was under increasing pressure to explain his role in the scandal of the government-guaranteed debts taken out by fishing and security companies EMATUM, ProIndicus,…...

Bank of Mozambique governor Ernesto Gove refused to take questions on the hidden debts at a press conference on 21 July 2016. Photo © Timothy Haccius / Zitamar News