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Mozambique

  • Wednesday, 4 December, 2024
    Mozambique’s auction of ‘tuna bonds’ fleet fails to attract single bid

    Political unrest in the southern African country wrecks attempts to sell rusting vessels

    Rows of blue and white boats in dock
  • Friday, 15 November, 2024
    FT Alphaville
    For sale: Mozambican tuna boat, never fished

    Buy a floating piece of history

  • Friday, 8 November, 2024
    Mozambique leaders accuse protesters of coup attempt as post-poll violence escalates

    Critics say ruling party is creating a false narrative to justify its heavy crackdown following disputed elections

    A protester reacts near a burning barricade during a ‘national shutdown’ against the election outcome, at Luis Cabral township in Maputo, Mozambique
  • Thursday, 24 October, 2024
    Mozambique ruling party wins election condemned as ‘rigged’

    Frelimo’s Daniel Chapo takes presidency after polls marred by irregularities and murder of opposition advisers

    Daniel Chapo
  • Sunday, 20 October, 2024
    Mozambique opposition plans protests after killings

    Legal adviser to opposition leader Venâncio Mondlane was one of two men assassinated after a contested election

    A protester holds an image of Podemos spokesperson Paulo Guambe and lawyer Elvino Dias during a vigil in Maputo on Sunday, a day after they were shot dead
  • Wednesday, 9 October, 2024
    Mozambique’s ruling party seeks re-election as voter anger rises

    Frelimo seeks to extend its 49 years in power despite links to ‘tuna bond’ corruption scandal

    Frelipo’s presidential candidate Daniel Chapo acknowledges supporters at a rally in Maputo on Sunday
  • Wednesday, 18 September, 2024
    Special ReportThriving Cities
    Child victims of conflict and violence face barriers to learning

    In countries such as Mozambique and Haiti, schools have been closed or destroyed

    Image shows a girl sitting on the ground wearing a colourful garment with flower motifs. She appears to be drawing a flower or a tree on a sheet of paper
  • Thursday, 8 August, 2024
    Mozambique’s former finance minister convicted in $2bn ‘tuna bonds’ case

    Manuel Chang was accused of taking $7mn in bribes in scandal linked to loans from Credit Suisse and VTB Capital

    Manuel Chang at an extradition hearing in Johannesburg in 2019
  • Monday, 29 July, 2024
    Mozambique to recover $825mn from ‘tuna bonds’ fraud

    London court rules against Gulf shipbuilder Privinvest over scandal surrounding debt sold in 2013

    Security guards patrol past the EMATUM fishing fleet docked in Maputo, Mozambique
  • Wednesday, 17 July, 2024
    TotalEnergies
    Total hands security contract for $20bn Mozambique gas project to Rwandan state-linked business

    Kigali pursues commercial expansion in the country after its army helps put down Islamist insurgency

    A satellite view of the Total Mozambique LNG project under construction in Afungi
  • Wednesday, 22 May, 2024
    Agricultural commodities
    ETG threatens international arbitration in dispute over $60mn seizure

    Commodities house urges Mozambique to resolve commercial fight after rival seizes food export

    Dal
  • Tuesday, 13 February, 2024
    Global Economy
    What we do in the (debt) shadows

    The ongoing transparency project

  • Wednesday, 17 January, 2024
    Agricultural commodities
    Trading firm tries to halt $60mn shipment of seized pigeon peas

    ETG accuses Mozambican authorities of helping local firm Royal Group take foodstuffs in long-running dispute

    Pigeon peas
  • Wednesday, 22 November, 2023
    Rio Tinto PLC
    Rio Tinto to pay $28mn penalty in US settlement over Mozambique mine

    SEC also fines former chief Tom Albanese $50,000 after a five-year legal battle

    A view of the Zambezi river in Mozambique
  • Tuesday, 10 October, 2023
    TotalEnergies
    Total accused of involuntary manslaughter over 2021 Mozambique attack

    Survivors of Palma terror assault say French company failed to take measures to ensure safety of subcontractors

    Soldiers on patrol near the Total facility in Cabo Delgado, Mozambique, in September 2021
  • Sunday, 1 October, 2023
    UBS Group AG
    UBS settles with Mozambique in Credit Suisse ‘tuna bond’ case

    Country had been suing the bank and others for their part in a 2013 loans scandal that wrecked its finances

    Tuna fish
  • Thursday, 28 September, 2023
    UBS Group AG
    UBS seeks last-ditch settlement in Credit Suisse ‘tuna bonds’ case

    Trial at London’s High Court over Mozambique scandal is due to start next week

    A tuna fish
  • Wednesday, 20 September, 2023
    Mozambique to seek $1.5bn in damages over ‘tuna bond’ scandal

    UK Supreme Court gives green light for lawsuit against Credit Suisse and Gulf-based shipbuilder Privinvest

    Traditional fishing boats sail with Maputo skyline in background
  • Monday, 4 September, 2023
    Credit Suisse Group AG
    Mozambique president immune from being dragged into ‘tuna bonds’ case, judge rules

    English court denies effort to ensnare Nyusi in case due to last 13 weeks in High Court

    Mozambican President Filipe Nyusi
  • Monday, 10 July, 2023
    Mozambique ex-minister set for US extradition over $2bn ‘tuna bonds’ scandal

    Loans for maritime projects devastated economy and led directly to nation defaulting on its sovereign debt

    Manuel Chang
  • Tuesday, 13 June, 2023
    Credit Suisse Group AG
    Credit Suisse seeks to strike out Mozambique ‘tuna bonds’ case

    Swiss bank claims failure to disclose government documents means there cannot be a fair trial

  • Thursday, 16 March, 2023
    Malawi
    Hundreds dead after Cyclone Freddy ravages Malawi and Mozambique

    Latest tropical storm is ranked as one of the longest and most powerful ever recorded

    Malawi Defence Force recovers a body of a victim of landslide which resulted due to heavy rains
  • Friday, 22 July, 2022
    Credit Suisse Group AG
    Credit Suisse to pay $22.6mn in restitution in Mozambique ‘tuna bonds’ case

    Swiss bank says latest settlement marks ‘further progress’ in its effort to recover from recent scandals

    A Credit Suisse sign
  • Sunday, 27 February, 2022
    News in-depth
    Mozambique’s ‘trial of the century’ puts elite under pressure

    Outcome will shape power struggle in southern African country with continent’s biggest private investment

    Armando Guebuza sits in a suit and mask waiting to take the witness stand during the trial in Maputo
  • Monday, 25 October, 2021
    News in-depthCredit Suisse Group AG
    Mozambique reels from Credit Suisse ‘tuna bond’ scandal

    Swiss bank fined $475m but graft trial in one of the world’s poorest countries keeps the spotlight on damage wrought

    A traditional fishing boat sails as Mozambique’s tuna fleet sits in dock beneath Maputo’s skyline
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