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Mozambique

Mozambique

Population: 29.67 mn.
GDP: $12.33 bn.
Debt: $12.01 bn.

news from Mozambique

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Found 172 articles.

Displaying 1-10 out of 172 results.

US spears the loan sharks

Indictments against foreign bankers and top Frelimo officials tied to the $2billion secret loans fraud have panicked the government. The charges are just the beginning

The United States government has indicted a swathe of bankers, sales people and Mozambican public officials with wire fraud, money laundering and securities fraud. It claims a crim...


Frelimo waits them out

The increasing pace of offshore gas development and the need for investment are pushing the secret loans saga to the margins

The abandoning of the United Kingdom Financial Conduct Authority's criminal investigation into Credit Suisse bank over its role in Mozambique's US$2 billion in hidden loans for dub...

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Poll knocks Frelimo confidence

The ruling party lost some key cities in the local elections. Party reformers are demanding radical change

As Mozambique awaits the final verdict on the local elections of the Comissão Nacional de Eleições (the electoral commission – CNE), due as Africa Confid...


No son, you can't run

A nervous Frelimo has been using increasingly blatant manipulation and strongarm tactics to fend off challenges to its candidates in October's local elections, especially in the co...


New Islamists on the block

A wave of savage attacks in the northern province of Cabo Delgado by self-styled Islamist gangs is posing another threat to Mozambique's embattled government. Last weekend, a raid ...


An untimely death

The Renamo leader’s demise is an opportunity for the party to re-invent itself but Frelimo could still abandon reconciliation

The opposition Resistencia Nacional Moçambicana (Renamo) is going through a difficult rebalancing act in the wake of the death of its leader, Afonso Dhlakama, on 3 May. In the run-...


Maputo's haircut

On 20 March Mozambican officials met London creditors of its previously hidden US$2 billion loans to try to convince them to accept a major restructuring of the debt. They told hol...


Slow track for loans case

Public pressure remains as high as ever on the governing Frente de Libertação de Moçambique (Frelimo) to see justice done over the $2 billion hidden loans scandal. However, party h...


Maputo faces off with the Fund

Frelimo believes it can stare down donors and lenders, avoiding reforms and hanging tough over the secret loans

The final year of Filipe Nyusi's difficult tenure as President of Mozambique is unlikely to end on a high note. As the 2019 elections approach, a dose of cold reality is in store f...


Displaying 1-10 out of 172 results.