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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 156 articles.

Displaying 1-10 out of 156 results.

A meandering audit trail

The much-anticipated report on the secret loans is due out amid doubts about how much it will – or can – reveal 

Expectations and tension were building as the 28 April deadline for the delivery of the risk advisory firm Kroll's report on secret security state loans approached. Attorney Genera...


Nyusi celebrates Exxon's entry

Bringing in the US oil giant was a personal triumph for the President but it won't raise as much tax as he hopes

President Filipe Nyusi felt the political ground underneath him get firmer when news of the Exxon-ENI deal came through. The United States oil giant ExxonMobil is buying 25% of the...


Artfully dodging debt

A growing faction in the governing Frente de Libertação de Moçambique (Frelimo) favours repudiating its US$2 billion in questionable secret loans. It wants those responsible for th...


Frelimo's quagmire

The people who trapped the country in secret debts are still in charge and likely to remain, but investment is falling

President Filipe Nyusi is weak and not in effective control of either the country or the governing party, the Frente de Libertação de Moçambique. Political instability will be exac...


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...


Displaying 1-10 out of 156 results.