Mozambique is in almost twice as much debt from deals to buy military patrol boats as investors had been led to believe, according to a report in the Wall Street Journal (WSJ). The shareholders behind the controversial tuna fishing company EMATUM borrowed an additional $622 million for maritime defence in 2013 through a separate state-owned…...

An Ocean Eagle surveillance trimaran supplied to Mozambique under the EMATUM or ProIndicus deals. Photo: CMN