Browsing: VTB

Economy Privinvest boats visible behind the wall of the shipyard taken over by MAM in Maputo. Photo © Zitamar News, May 2017

The head of Russian bank VTB which - along with Swiss bank Credit Suisse - arranged $2 billion in lending to Mozambique which is now in default, has said he is planning to meet the president of Mozambique “soon” to try and persuade the country to negotiate [...]

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Hidden Debts dossier A ProIndicus maritime defence vessel in the port of Pemba, northern Mozambique. Photo © Zitamar News

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