Browsing: Privinvest
IMF eyes new Mozambique programme, as civil society ‘questions sincerity’
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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‘No deal with VTB’ says Mozambique finance minister – report
No deal has been reached with Russian bank VTB over money owed to it by Mozambique, finance minister Adriano Maleiane said on Monday,
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Mozambique finance minister expects creditor meeting in London next month
Negotiators from the Mozambique government are due to meet with the country’s international creditors in London in the second half of March, the country’s finance minister Adriano Maleiane said yesterday, in
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Government turned to central bank to fund 2016 ‘hidden debt’ repayments
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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Attorney General seeks prosecution for Mozambicans behind the ‘hidden debts’
Mozambique’s Attorney General’s office has begun proceedings to hold those behind the $2 billion raised for ProIndicus, EMATUM, and
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Full Kroll report shows depth of non-cooperation with Mozambique audit
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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Mozambique defence minister says he hasn’t seen ‘missing’ $500m
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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Kroll amends Mozambique audit report after Privinvest complaints
Mozambique’s Attorney General published an updated version of the Kroll audit into the ProIndicus, EMATUM, and MAM deals late on Monday, after protests from the lawyers of Privinvest, the contractor on all three deals, and Palomar, a financial advisory firm [...]
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ProIndicus fleet faces uncertain future in Mozambique navy
Sailors trained to operate ProIndicus’ fleet of interceptor ships will remain within Mozambique’s navy, the Ministry of Defence has confirmed to Zitamar [...]
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