Mozambique has not set aside funds in its 2018 budget to pay the coupons on its sovereign bond or to service the debts taken out by controversial maritime security companies ProIndicus and MAM with questionable government guarantees. Prime Minister Carlos Agostinho do Rosário confirmed in parliament on Wednesday that the government does not intend to…...

Prime Minister Carlos Agostinho do Rosario (centre) with justice minister Isac Chande (left) and finance minister Adriano Maleiane (right) in parliament on 29 November 2017