Browsing: Privinvest

Daily Briefing Photo © Tom Bowker / Zitamar News
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Welcome to a special catch-up briefing as Zitamar returns after the New Year break. Below, we summarise and analyse the developments from the big story breaking in Mozambique over the New Year - the arrest of former finance minister Manuel Chang and four others in connection with the [...]

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Economy EMATUM's fleet in Maputo harbour, March 2018. Photo © Tom Bowker / Zitamar News
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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 The Bank of Mozambique. Photo © Timothy Haccius / Zitamar News
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The government borrowed nearly $200 million from the Bank of Mozambique in three separate loans in 2016 to cover repayments on the EMATUM bonds and ProIndicus syndicated loan, according to a recently released audit of the government’s accounts from that [...]

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Kroll Report A ProIndicus maritime defence vessel in the port of Pemba, northern Mozambique. Photo © Zitamar News
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The full audit by Kroll into Mozambique’s $2 billion hidden debt scandal, intended by Mozambique’s Attorney General to be seen by select figures only at this stage, has been put online by journalist Joseph Hanlon and

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Kroll Report EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
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Mozambican Defence Minister Salvador M’tumuke said over the weekend that his ministry has seen neither the $500 million some claim was diverted from the $850m EMATUM bond, nor any military equipment that might have been purchased with the money. [...]

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