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Mozambique

Ex-Credit Suisse bankers arrested on U.S. charges over Mozambique loans

he Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. PHOTO BY REUTERS/Denis Balibouse
he Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. PHOTO BY REUTERS/Denis Balibouse
By Brendan Pierson
04/01/2019

NEW YORK (Reuters) - Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges of involvement in a fraud involving $2 billion in loans to state-owned companies in Mozambique, U.S. prosecutors said.

Arrest of ex-Mozambique finance minister linked to debt crisis - lawyer

03/01/2018

JOHANNESBURG (Reuters) - U.S. charges against former Mozambican finance minister Manuel Chang relate to loans at the center of the country's secret-debt scandal and he will oppose any request for his extradition, Chang's lawyer said on Thursday.

Mozambique did not show where $500 million in loans were spent - audit

Dollar banknotes are seen in this picture illustration taken, April 28, 2017. PHOTO BY REUTERS/Dado Ruvic
Dollar banknotes are seen in this picture illustration taken, April 28, 2017. PHOTO BY REUTERS/Dado Ruvic
24/06/2017

MAPUTO (Reuters) - Mozambique did not adequately show where at least $500 million out of $2 billion in loans meant for state companies was allocated, according to an audit by risk-management firm Kroll released on Saturday.

Mozambique's opposition extends ceasefire to aid peace talks

Afonso Dhlakama, head of Mozambique's opposition party Renamo, addresses an election rally in Matola, near Maputo, file. PHOTO BY REUTERS/Grant Lee Neuenburg
Afonso Dhlakama, head of Mozambique's opposition party Renamo, addresses an election rally in Matola, near Maputo, file. PHOTO BY REUTERS/Grant Lee Neuenburg
By Manuel Mucari
03/01/2016

MAPUTO (Reuters) - Mozambique's Renamo opposition party said on Tuesday it had extended a ceasefire by two months to allow talks with President Filipe Nyusi's government, raising hopes for a nascent peace process.

SEC investigates banks that sold Mozambique's "tuna bond" - WSJ

U.S. Securities and Exchange Commission Chair Mary Jo White is interviewed at the Reuters Financial Regulation Summit in Washington, US May 17, 2016. PHOTO BY REUTERS/Gary Cameron
U.S. Securities and Exchange Commission Chair Mary Jo White is interviewed at the Reuters Financial Regulation Summit in Washington, US May 17, 2016. PHOTO BY REUTERS/Gary Cameron
29/12/2016

MAPUTO (Reuters) - The U.S. Securities and Exchange Commission (SEC) is investigating the sale of $850 million in bonds issued by Mozambique by Credit Suisse, Russia's VTB Group and BNP Paribas, the Wall Street Journal reported on Wednesday.

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