October 03, 2023
Mozambique: Govt Wins Massive Debt Cancellation
Mozambique today announced a negotiated deal with the major Swiss Bank UBS. It took over Credit Suisse after CS collapsed under a series of corruption scandals including the… Read more »
April 03, 2023
Mozambique: Credit Suisse and its Backers Pay the Price for Secret Debt and Other Frauds
From 2012 Credit Suisse (CS) bribed senior Mozambicans to take a totally useless $2bn loan, which helped to save the bank - one of the very big global banks and supposedly… Read more »
December 05, 2022
Mozambique: Govt Domestic Borrowing Up U.S.$900 Million This Year - a 25% Jump
Due to falling foreign aid and loans, government borrowed an additional $900 mn from local banks and bondholders, reported Bank of Mozambique (BdM) in its quarterly economic report… Read more »
Mozambique: Damning Evidence in Secret Debt Trial
There is damning evidence against 10 of the 19 people accused in the $2 bn secret debt trial, but no evidence against 9 lesser figures who had handled money but had no reason to… Read more »
October 10, 2022
Mozambique: Interest Rates Up 2 Percent - Aid Down, Borrowing Up
The base interest rate was raised from 15.25% to 17.25% by the Bank of Mozambique (BdM) on 30 September. The Association of Mozambican Banks (AMB) said it would maintain the prime… Read more »