Browsing: Monte Binga

Kroll Report Bank of Mozambique governor Ernesto Gove refused to take questions on the hidden debts at a press conference on 21 July 2016. Photo © Timothy Haccius / Zitamar News
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Mozambique’s public prosecutor has named at least 17 people - including former finance minister Manuel Chang, and former central bank governor Ernesto Gove - who it says should face financial penalties for their part in the $2.2 billion debts borrowed on [...]

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Business A part of Afritex Ventures' fishing fleet. Photo: Afritex Ventures
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A tuna fishing company based in Beira - part-owned by the Mozambican military’s investment arm which was involved in the $2 billion ‘hidden debts’ scandal - expects to sell 2,000 tonnes of tuna this year, while the EMATUM fleet sits rusting on the edge of [...]

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Politics S-125 air defense system, similar to Mozambique's, on display at Batajnica airbase, Serbia, in 2012. Photo: Srđan Popović on Wikimedia
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The Mozambique government said on Tuesday it is working with the United Nations to clarify allegations that a state-owned company linked to the ‘hidden debt’ scandals bought military hardware from North Korea, violating UN sanctions.

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Politics President Filipe Nyusi. Photo © Timothy Haccius / Zitamar News
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Mozambican President Filipe Nyusi was a key figure in establishing the three companies that borrowed $2 billion with illegal government guarantees, leaked transcripts from a parliamentary inquiry have revealed. The loans to these companies - ProIndicus, EMATUM and MAM - have contributed to [...]

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