12 °c
London
Monday, January 30, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Mozambique: Attorney General receives audit report into hidden debts

FurtherAfrica by FurtherAfrica
May 14, 2017
in Africa, Economy, FDI, Finance, Government, Mozambique
Reading Time: 1 min read
1.7k 17
0
Mozambique’s economy grows 5.3 pct in 1st quarter of 2016
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Mozambique’s Attorney-General’s Office (GR) has received a report carried by US firm Kroll into $2 billion in secret loans taken out by state-controlled companies, a private TV station revealed on Saturday.

According to Stv, Kroll delivered the report to the government on Friday, thus meeting the final deadline for submission. It said the report would be released to the public as soon as possible. Initially, Kroll was given a 90-day deadline for the report, which expired at the end of February. The audit’s release has been delayed several times.

The discovery of the loans to state-owned fishing company EMATUM, Proindicus and Mozambique Asset Management prompted the International Monetary Fund to halt its support programme and led to the collapse of Mozambique’s currency and a debt default.

All of its other major western partners followed the IMF’s lead, in particular all 14 donors who used to provide direct support to the Mozambican state budget suspended further disbursements.

The IMF made clear that a key condition for resuming normal relations was an independent, international audit of Ematum, Proindicus and MAM.

The government accepted, and the investigations were placed under Kroll to carry out the audit, an exercise which the Swedish embassy financed.

Source: Journal Du Cameroun

Related

Tags: EMATUMGRhidden debtIMFInternational Monetary FundkrollMAMmeticalMozambiqueMozambique Attorney General’s OfficeProIndicusモザンビーク莫桑比克
ScanSendShare690Tweet431Share121Pin155Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Agriculture

IFAD and AfDB on a mission to boost agricultural productivity in Africa

by Farmers Review Africa
January 30, 2023
Energy

South Africa’s Virginia gas project produces first Helium

by Energy Capital & Power
January 30, 2023
Tech

Harnessing 4IR to propel Africa’s economy to address unemployment

by The Exchange
January 30, 2023
Russia’s VTB says in talks to prolong Angola’s $1.5 billion loan to 10 years
Trade

First fertilizer shipment from Russian for Africa arrives in Mozambique

by Club of Mozambique
January 30, 2023
Aid

WFP welcomes major donation of €65.5M from EU to address food crisis in 11 African countries

by FurtherAfrica
January 29, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Agriculture

IFAD and AfDB on a mission to boost agricultural productivity in Africa

by Farmers Review Africa
January 30, 2023
0

As food security for millions of Africans continues to be impacted by rising food and fuel prices further compounded by...

Read more

South Africa’s Virginia gas project produces first Helium

January 30, 2023

Harnessing 4IR to propel Africa’s economy to address unemployment

January 30, 2023
Russia’s VTB says in talks to prolong Angola’s $1.5 billion loan to 10 years

First fertilizer shipment from Russian for Africa arrives in Mozambique

January 30, 2023

WFP welcomes major donation of €65.5M from EU to address food crisis in 11 African countries

January 29, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,623 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?