Mozambique’s former labour minister - currently the country’s ambassador to Angola - has been accused by state prosecutors of receiving MZN 100 million ($1.64m) in corrupt payments while serving in the government of Armando Guebuza up to the end of 2014, [...]
- Article IV report says ‘decisive action’ is needed to trace where the $2bn went
- ‘Highly non-concessional’ bilateral debt from unnamed [...]
The Bank of Mozambique is preparing to sell Mozambique’s fourth largest bank to a new owner, after its existing shareholders failed to raise the capital required to buy it back [...]
Failed Mozambican bank Nosso Banco never paid a single dividend to its majority shareholder, the public social security fund INSS, which invested half a billion meticais in the bank and deposited almost 3 billion meticais.
Portuguese retail group Sonae and a private equity firm founded by African telecoms billionaire Mo Ibrahim have completed their acquisition of two supermarkets in Mozambique, in
US-based corporate immigration law firm Barry Appleman & Leiden’s has said it chose Maputo to launch its Africa practice because it feels Mozambique is a “brilliant starting platform” that offers the best opportunity to serve its major US energy clients with plans to grow businesses on the [...]
Human Rights Watch (HRW) has called for the Southern African Development Community (SADC) to intervene in Mozambique’s growing conflict before it “spirals out of control.” The NGO’s senior researcher for Africa, Dewa Mavhinga, said recent reports of opposition attacks on health centres in [...]