Browsing: Venancio Mondlane

Coal The Sena rail line at Moatize. © Zitamar News
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The offshore security company at the centre of a $2 billion financial scandal in Mozambique claims to have provided security onshore to Brazilian miner Vale’s coal operations - lending weight to suspicions that some of the funds raised may have been used [...]

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Politics
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Former Mozambique President Armando Guebuza this morning testified to a parliamentary inquiry over the $2 billion in state debts contracted by three companies linked to the secret services during his last term in office.

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Economy Some of the patrol boats bought by EMATUM or ProIndicus. Photo © Tom Bowker / Zitamar News
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The parliamentary inquiry commission into the $2 billion of government-guaranteed borrowing by fishing and security companies ProIndicus, EMATUM, and Mozambique Asset Management (MAM) expects to publish its findings by the end of November 2016, [...]

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