Browsing: Mozam 2023

Economy Chart by Sauti. Estimates by Zitamar
0

Mozambique’s total repayment for the $850 million borrowed by tuna fishing company EMATUM could top $2.4 billion, under a new restructure proposal revealed by the government this week. Annual payments would be between $36-40 million for the first five years - and would remain below $60m [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
0

The latest proposal to restructure Mozambique’s $727 million eurobond will face strong resistance from the Mozambican government which has previously told creditors it is unwilling to given them a cut of gas revenues, Zitamar News has learned. A group of [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Hidden Debts dossier Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
0

The Mozambique government has confirmed that it will not make the second coupon payment on the sovereign bond it sold to investors in April 2016, despite improving economic conditions that bondholders argue could allow Mozambique to start honouring the [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Hidden Debts dossier Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
0

A group of investors that hold part of Mozambique’s $726.5m sovereign bond today said the Kroll audit into the ProIndicus, EMATUM, and MAM deals provides further evidence that the Mozambique government should refuse to honour the “purported guarantees” of [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy Credit Suisse arranged the ProIndicus and EMATUM loans.
0

Mozambique will not pay the $60 million first coupon on the sovereign bond it sold to investors in April 2016, the government announced today - a decision which has been described by analysts as “much more serious” than its failure in May 2016 to make a [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
0

The Mozambique government has hit back at the refusal of certain creditors to enter debt restructuring negotiations until an independent audit into the loans taken out by ProIndicus, EMATUM, and MAM has been completed - saying that the results of the audit [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

1 2