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'Arrangement Fee' Paid to Secure Mozambique Loans

A staggering upfront was reportedly paid to VTB Bank to secure the controversial secret loan.

  • Mozambique:   'Arrangement Fee' Paid to Secure Loans

    Mozambique News Reports And Clippings, 8 June 2016

    In order to obtain the secret $535 loan in 2014 for Mozambique Asset Management (MAM), a highly unusual and expensive upfront fee of $35 mn was paid to VTB Bank, Reuters (11 June)… Read more »

Gustavo Sugahara/Wikipedia

Maputo, Mozambique.

  • Mozambique:   China Forgives Part of Mozambique's Debt

    AIM, 14 June 2016

    The Chinese authorities will forgive 30 million yuan (about five million US dollars) of Mozambique's debt to China under an agreement signed in Maputo on Monday by Mozambique's… Read more »

  • Mozambique:   Huge Bank Fees Charged On Mam Loan

    AIM, 12 June 2016

    The Russian bank VTB charged the Mozambican company MAM (Mozambique Asset Management) 35 million US dollars in bank charges for the loan of 535 million dollars arranged in 2014,… Read more »

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