Southern Africa

Mozambique-Conflicts: EMATUM-ProIndicus scandals

Never far from the headlines, the EMATUM scandal has shot back to prominence over the past fortnight. In the process of restructuring the remaining US$700 million of 2013’s controversial fishing-and-gunboats US$850 million Euro-bond, Mozambique was forced to admit the existence of a further US$787 million debt which took bondholders by surprise. The Wall Street Journal… read more »

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