Mozambique’s Parliamentary Inquiry Commission (CPI) into the $2 billion borrowed in secret by three state-owned companies has concluded that there could be a legal basis for the state to disown the sovereign guarantees – but that doing so would be counter-productive. The commission’s report, completed on 30 November and due to be presented to parliament…...

Former President of Mozambique Armando Guebuza's entourage at the Mozambique Parliament on the day of his testimony, 28 November 2016. Photo © Alexandre Nhampossa / Zitamar News