Browsing: Monte Binga
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 [...]
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 [...]
Welcome to Zitamar’s daily Mozambique briefing for 20 July, 2018. Agenda Today: Seminar covering perspectives…
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.
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 [...]