Mozambique’s Ministry of Finance confirmed this week that the $535 million loan to Mozambique Asset Management (MAM) was arranged by VTB Capital and Palomar Capital Advisors, a subsidiary of the Privinvest Group which won the $2 billion worth of contracts to supply MAM, ProIndicus, and tuna fishing company EMATUM. As revealed by Zitamar News in…...

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