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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 159 articles.

Displaying 1-10 out of 159 results.

Stalemate and stand-off

The leak of the full Kroll audit has revealed the extent of Maputo's lack of cooperation and leaves both sides unable to move forward

The audit of the US$2 billion of secret loans by the corporate investigations and risk consultancy Kroll was supposed to clear the air between the governing Frente de Libertaçao de...


Rock and Kroll

A summary of the much anticipated audit of the secret US$2 billion loans is out. It reveals they were all buck and no bang

The audit by Kroll Associates of the loans to three supposed maritime projects talks about what the US$2 billion loans were not spent on but not where the money really went. The se...


Insiders dissect secret audit

Six months after investigations began into the $2 billion in secret loans, revelations of fat commissions and failed projects emerge

Senior officials and donors are still pondering the still secret audit which consultants Kroll Associates delivered to Attorney-General Beatriz Buchili on 12 May, after three exten...


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...


Displaying 1-10 out of 159 results.