Browsing: Nacala Airport
Brazil's state-owned development bank BNDES has called for compensation from the country’s treasury after Mozambique defaulted on loans taken out to fund the construction of Nacala airport. The default is BNDES' [...]
Aeroportos de Moçambique (AdM) has re-hired a former chairman just seven years after he was imprisoned for his part in a scheme that stole $1.7 million from the company. Diodino Cambaza was appointed chairman of the [...]
Mozambique’s state airport company missed a payment of $7.5 million to Brazil’s state development bank BNDES in January this year borrowed to help build an international airport that the company now wants to privatise, local media reported in Maputo on [...]
Mozambique’s crisis-hit national carrier, LAM, is in negotiations with a potential strategic partner to help restore stability to the airline whose parlous financial state is having a knock-on effect on other state-owned companies.