Mozambique’s parliament, the Assembleia da Republica, voted on Wednesday afternoon to retroactively approve $1,157 million in government guarantees for the loans taken out by maritime security companies ProIndicus and MAM in 2013-14. Deputies from the ruling party, Frelimo, voted unanimously in favour of approving the 2015 budget, which included the controversial sovereign guarantees which had…...

Frelimo lawmakers vote in favour of legalising the debts, opposite empty opposition benches, on 26 April 2017. Photo: @Verdade