Recently-announced World Bank and EU-funded rural road projects in northern Mozambique are unlikely to result in real improvements unless the way the country’s roads are managed is radically overhauled, a veteran of the sector has told
The Mozambican public is still waiting for a summary of the audit into the ProIndicus, EMATUM, and MAM deals which is “being submitted to the office of the public prosecutor of Mozambique,” a spokesman for the International Monetary Fund said on Thursday. [...]
- Attorney General denies being behind ‘manipulative’ document accusing Nyusi of involvement in controversial deals
- The document’s [...]
An executive summary of the audit conducted by investigations company Kroll into Mozambique’s ProIndicus, EMATUM and MAM deals should be made public by the end of May by the office of the Attorney General (Procuradoria da Republica, PGR) , which is due to [...]
When the audit is finally published in full it will omit the names of those involved, as well as sensitive security information, Swedish ambassador says Mozambique’s Attorney General will only publish the [...]
The company conducting an international audit into Mozambique’s three maritime security companies that borrowed $2 billion with sovereign guarantees, has been given another month’s extension to complete its report, originally due at the end of [...]
Mozambique’s finance ministry has confirmed the country will not pay the first full instalment on the sovereign-guaranteed loan taken out by state-owned security firm ProIndicus. The payment, [...]
A $120 million project to rehabilitate two hydropower plants in central Mozambique is almost complete, with the French-Norwegian consortium set to hand over the completed project next month.
A UK-based development fund, in partnership with the son of the founder of troubled Moza Banco, will hold two public consultations in February on a planned 120 MW hydropower plant on the Púngoé River, which runs between the provinces of Sofala and Manica in central Mozambique. The Pavua [...]
International audit firm Kroll has signed the contract allowing it to start work auditing the three deals that saw Mozambican state-linked companies borrow $2 billion in clandestine deals that have now effectively bankrupted the country.