Browsing: Credit Suisse

Politics & Economy Some of the patrol boats bought by EMATUM or ProIndicus. Photo © Tom Bowker  / Zitamar News
0

The decision by the Mozambique Parliament last week to approve the 2015 accounts - which included the $1,157 million in government guarantees for the loans taken out by maritime security companies ProIndicus and MAM in 2013 and 2014 - appears to be the [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Politics Filipe Nyusi addressing the Frelimo parliamentary party, 27 February 2017. Photo © Alexandre Nhampossa / Zitamar News
1

A fresh leak of documents related to Mozambique’s ruinous and potentially illegal maritime security scheme in 2013-14 appear to confirm that the country’s current President, Filipe Nyusi, was one of the architects of the deals -
Politics An Ocean Eagle surveillance trimaran supplied to Mozambique under the EMATUM or ProIndicus deals. Photo: CMN
0

The company conducting an international audit into Mozambique’s three maritime security companies that borrowed $2 billion with sovereign guarantees, has been given another month’s extension to complete its report, originally due at the end of [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Finance Maputo's downtown financial district. Photo © Tom Bowker / Zitamar News
0

The Mozambican authorities are working with the International Monetary Fund (IMF) to find a way to stem a series of sovereign defaults which could cause a crisis in the domestic banking system if the next debt payment is missed in March, Zitamar [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
0

Tuna fishing was used as a front to borrow additional funds for the true aim of financing a large-scale national security project, the CEO of the three Mozambican maritime companies which borrowed $2 billion with sovereign guarantees in 2013-14 has told a [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In