Browsing: Iskandar Safa

Economy
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Finance minister’s decision to hide debts from the IMF weakened the country’s position vis-a-vis EMATUM bondholders, disgraced banker says Mozambique finance minister Adriano Maleiane’s failure to disclose the ProIndicus and MAM loans to the IMF in 2015 was seen as a weakness that [...]

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Hidden Debts dossier
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Privinvest, the contractor which supplied Mozambique’s controversial ‘hidden debts’ security companies, continues to do business in the country through a logistics subsidiary which provides services to offshore oil and gas operations, despite ongoing legal action [...]

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Economy
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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.

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Economy
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Mozambique’s Attorney General published an updated version of the Kroll audit into the ProIndicus, EMATUM, and MAM deals late on Monday, after protests from the lawyers of Privinvest, the contractor on all three deals, and Palomar, a financial advisory firm [...]

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