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

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Agriculture EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
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Around 30 employees of state-backed Mozambican tuna fishing company EMATUM are on strike following delays in paying their salaries, according to Mozambican daily newspaper O Pais. The EMATUM employees told O Pais that the company is trying to implement a new system of [...]

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Economy An Ocean Eagle surveillance trimaran supplied to Mozambique under the EMATUM or ProIndicus deals. Photo: CMN
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  • Credit Suisse said in 2013 that a comprehensive Mozambique coastal security solution could be supplied for $372m
  • Project was to earn $700m in the first five years
  • Mozambique ended up spending $1.12 billion on coastal protection - and is yet [...]

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