First Independent Mena Newspaper
Over 1,500 inmates escaped during a riot in the high-security Machava prison near in Mozambique’s capital Maputo that left 33 people dead and 15 injured on Wednesday (25 December), according to police general commander Bernardino Rafael. About 1,534 people escaped during the massive prison break, of whom about one tenth have since been recaptured. The […]
At least 21 people were killed in violent unrest in Mozambique’s capital Maputo and northern cities a day after the country’s top court Monday (23 December) controversially confirmed the ruling party’s victory in a disputed poll. Mozambique’s largely deserted capital and other cities across the eastern African nation have been hit by skirmishes between protesters […]
Mozambique’s bond market has rebounded following UBS Group AG’s announcement of a an 11th-hour out-of-court settlement regarding Credit Suisse’s involvement in a ship-financing ‘tuna bond’ scandal. The yield on Mozambique’s 2031 debt fell 19 basis points to 13.34% on Monday (2 October) morning in the capital, Maputo, after the recently announced settlement brought closure to […]
Credit Suisse has lost its bid to block the lawsuit filed by the Government of Mozambique against the Swiss bank for its role in the 2 billion dollar scandal known as the “tuna deal”, and will thus be brought to trial in October. A UK high court judge on Monday (4 July) refused to strike […]
Amid continuing clashes between Mozambique’s federal forces and other African allies against Islamist militants in the Cabo Delgado Province, the country’s president Filipe Nyusi has called on Western energy companies to resume work, assuring them security situation had improved in the conflict-torn region. Addressing the Mozambique Gas & Energy Summit in Maputo Wednesday (14 September), […]