Mozambique’s government will step in to make a $134 million repayment next week on a loan it guaranteed for Mozambique Asset Management (MAM) if the company has not found a way to make the payment, the finance ministry has confirmed to Zitamar News. MAM borrowed $535 million in 2014 to build shipyards in the capital…...

Mozambique finance minister Adriano Maleiane testifying in parliament regarding ProIndicus, EMATUM, and MAM, 18 May 2016