Mozambique’s Administrative Court, the government body that oversees the legality of government administration and expenditure, has said the government guarantees given to the ProIndicus and MAM loans in 2013 and 2014 were illegal under Mozambican law on at least three counts. The two loans, worth $622 million and $535 million respectively, were kept secret by…...

A ProIndicus maritime defence vessel in the port of Pemba, northern Mozambique. Photo © Zitamar News