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Mozambique

Mozambique

Population: 34.86m
GDP: $22.98bn
Debt: 96.9% of GDP (2024)

news from Mozambique

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Found 247 articles.

Displaying 91-100 out of 247 results.

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 extensions of the...


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 General...


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%...


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 the loans,...


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...


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...


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...

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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....


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...


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 political...


Displaying 91-100 out of 247 results.