President Nyusi has claimed under oath not to have known of the existence of tuna fishing and offshore security company Ematum while defence minister — despite the company making headlines domestically and internationally

Armando Guebuza took responsibility for commissioning the failed $2bn project, but claimed the then defence minister, Filipe Nyusi, was key decision-maker

Privinvest argues that if the 'hidden debts' resulted from bribery, then Nyusi must also share the blame

It is unclear why Nyusi would want a personal campaign contribution paid via a scrap metal merchant — or why Privinvest was happy to make political donations via a UAE-registered company instead of directly to Frelimo’s bank account

The Mozambican state has taken its legal claims against the shipbuilder at the heart of the so-called “hidden debts” scandal to the United Kingdom’s Supreme Court

Welcome to Zitamar’s daily Mozambique briefing for 1 February, 2021 Zitamar Feb 2 Due to…...

Lenders to the failed security company say they “invested in good faith and on the basis of legally binding agreements"

Guebuza’s intervention lays bare the animosity between him and the regime of President Filipe Nyusi — describing the PGR’s latest request as “a continuation of an attempted political assassination”

he acquittal of Privinvest’s Jean Boustani is not the end of legal claims and counter-claims being brought in the US, London, Switzerland and Mozambique

Finance minister’s decision to hide debts from the IMF weakened the country’s position vis-a-vis EMATUM bondholders, disgraced banker says