Mozambique: Finance minister blames predecessor in debt scandal

Mozambican Finance Minister Adriano Maleiane told a court Friday that his predecessor had covered up $2 billion in debts that plunged the nation into economic collapse. Maleiane is one of the most senior government officials to testify so far in the trial over the...

Mozambique’s ex-finance minister Manuel Chang to be extradited from South Africa to US to face fraud trial

Mozambique's ex-finance minister Manuel Chang, currently in detention in South Africa, will be extradited to the United States to face trial over a $2-billion scandal, a court ruled Wednesday. Chang has been held in South Africa since 2018 at the request of US...

Mozambique: Corruption trial for ex-Mozambican leader’s son set for August

Nineteen defendants including a former president's son linked to a massive debt scandal that plunged Mozambique into its worst financial crisis are to go on trial next month, according to a court document seen Wednesday. The scandal saw the government secretly take...

Mozambique: Shipbuilding company says it donated to Mozambique’s president election campaign

A firm at the centre of a $2-billion loan scandal that plunged Mozambique into its worst financial crisis says it donated to President Filipe Nyusi's 2014 election bid, according to documents it filed at a British court. The company said Nyusi, who had been defence...

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