Browsing: Credit Suisse

Politics & Economy IMF Managing Director Christine Lagarde 
Photo © IMF
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IMF Managing Director Christine Lagarde yesterday welcomed Mozambique president Filipe Nyusi's willingness to implement an independent, international audit of the $2 billion in government-guaranteed loans taken out by Mozambican fishing and security firms ProIndicus, EMATUM, and MAM. [...]

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Economy © Zitamar News
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Mozambique’s ministry of economy and finance has hired investment bank Lazard and international law firm White & Case to advise on the country’s foreign debt crisis, having decided not to retain one noted expert previously linked with the job. The Mozambique government provided state [...]

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Politics Some of the patrol boats bought by EMATUM or ProIndicus. Photo © Tom Bowker  / Zitamar News
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Mozambique’s Prosecutor General of the Republic (PGR) said today that three government-guaranteed loans, taken out in secret to pay for coastal security equipment, violated Mozambican law and called for international cooperation to find out how the money [...]

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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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