Browsing: Credit Suisse
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 [...]
Welcome to Zitamar’s daily Mozambique briefing for 1 March, 2019 Agenda:
- Today: The extradition hearing of Andrew Pearse, Detelina Subeva, and Surjan Singh, originally set for in London, has been put back a week.
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 [...]
Mozambique’s request for the return of former finance minister Manuel Chang, currently under arrest in South Africa, is not connected to his involvement in the so-called ‘hidden debts’ but to other corruption allegations involving a Brazilian construction [...]
- Next ‘status conference’ on the case to be held in two weeks
- “Complex case” removes need for a speedy trial
A criminal indictment in the US over Mozambique’s $2.2 billion hidden debt scandal will affect negotiations between the Mozambican government and the holders of the loans that financed the deals, Prime Minister Carlos Agostinho do Rosário said yesterday. The [...]
Welcome to a special catch-up briefing as Zitamar returns after the New Year break. Below, we summarise and analyse the developments from the big story breaking in Mozambique over the New Year - the arrest of former finance minister Manuel Chang and four others in connection with the [...]
This is a reposting of MOZAMBIQUE News reports & clippings 429, first published by Joseph…
Mozambique is currently in negotiations with the International Monetary Fund for an unfunded staff-monitored programme (SMP) to start at the beginning of 2019, which could lead to the financial support restarting later that year.