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Mozambique

Mozambique

Population: 26.5 mn.
GDP: $16.6 bn.
Debt: $6.89 bn.

news from Mozambique

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Found 152 articles.

Displaying 1-10 out of 152 results.

The burden of war and debt

We examine the unique conjunction of war, debt, corruption and impunity which characterise Mozambique today. This presentation answers criticisms that have been made of Africa Confidential's coverage of the issue and sets the record straight with a comprehensive survey of the crisis

Mozambique's two main political parties remain locked in a sinister war of attrition as the economy nears total collapse. The Frente de Libertação de Moçambique, which has held pow...


Good gas and bad governance

Progress is being made towards the much-hyped gas production but it's a long and twisting road towards tangible benefits 

The massive economic growth rate of 24% which the International Monetary Fund predicted is no more. That was the Fund's figure for 2021, when gas production had been expected to be...

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Killing overshadows talks

The murder of Jeremias Pondeca on 8 October is widely seen as an act of desperation by recalcitrant, old-guard members of the governing Frente de Libertação de Moçambique. He was a...


More guns, more secret debts

Revelations about more hidden loans will reinforce demands for a comprehensive investigation of state finances

With the world's fastest falling currency and one of its most damaging debt burdens, as Mozambique faces a still harsher regime of economic austerity, claims of another US$900 mill...


Ministry of muddle

Caught between Frelimo and the exasperation of international donors, the Finance Ministry is a confusing place to be

New horror stories about public finances are continually emerging from the Finance Ministry as the confusion over who borrowed what and from whom beleaguers civil servants and poli...


Frelimo's ostrich plan

Faced with an economic emergency, the country's leaders pray for indulgence from donors and hope hungry citizens do not revolt

President Filipe Nyusi still refuses to take special measures to deal with the economic crisis and is butting heads with donors over what is to be done. Meanwhile, he and his gover...


State of fear

Evidence is mounting that security forces are fomenting a climate of fear to suppress urban dissent while they conduct a scorched earth campaign against centres of support for the ...


Sovereign default looms

The debt time-bomb has all but exploded. A desperate government flails around looking for repayment solutions while public finances flounder

After Finance Minister Adriano Maleiane confessed in Parliament last week that the government could not cover a major loan repayment due on 23 May, a sovereign default looks likely...


Secret security debts devastate economy

As officials count the rising cost of the hidden debts, President Nyusi faces awkward questions from investors and donors

As Mozambique's mountain of dubious debts tops US$2 billion, there are growing calls for a forensic audit and an international police probe into the officials and entities involved...

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IMF cut-off follows secret debt shock

The Fund has stopped flows to Maputo after secret debts came to light. Even more massive obligations remain hidden, we can reveal 

Shocked by revelations that top security officials in Maputo had racked up secret state-backed loans as big as $1.5 billion, the International Monetary Fund has cancelled its emerg...


Displaying 1-10 out of 152 results.