Browsing: Andrew Pearse

Daily Briefing
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Welcome to Zitamar’s daily Mozambique briefing for 25 October, 2019


Economy
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Finance minister’s decision to hide debts from the IMF weakened the country’s position vis-a-vis EMATUM bondholders, disgraced banker says Mozambique finance minister Adriano Maleiane’s failure to disclose the ProIndicus and MAM loans to the IMF in 2015 was seen as a weakness that [...]

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Daily Briefing
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Welcome to Zitamar’s daily Mozambique briefing for 18 October, 2019


Daily Briefing
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Welcome to Zitamar’s daily Mozambique briefing for 16 October, 2019


Hidden Debts dossier
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Privinvest, the contractor which supplied Mozambique’s controversial ‘hidden debts’ security companies, continues to do business in the country through a logistics subsidiary which provides services to offshore oil and gas operations, despite ongoing legal action [...]

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Hidden Debts dossier
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The full extradition case for the three ex-Credit Suisse bankers accused of fraud and money laundering charges in the United States over Mozambique’s $2 billion of hidden debts will be heard in November, a London court heard today. Andrew Pearse, Surjan Singh and Detelina Subeva were granted [...]

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Economy
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Mozambique is calling for a British court to rule the guarantee granted by the Ministry of Finance to the offshore security company ProIndicus illegal, the office of the Prosecutor-General (PGR) said on Friday. The country also wants to be compensated, with interest, for all losses it has [...]

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Hidden Debts dossier
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Graça Machel, a major political figure in Mozambique and widow of Mozambique’s first president Samora Machel, and of Nelson Mandela, has written to Credit Suisse urging it absolve Mozambique of the responsibility to repay the $2 billion in debt that it helped arrange for companies owned by [...]

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