Tag: Mozambique

• Monday, October 2nd 2023 - 07:11 UTC

  Credit Suisse agrees with Mozambique to settle a US$ 1,5bn tuna bonds fraud case

  

  Credit Suisse reached a last-minute settlement with Mozambique on Sunday in a US$1.5-billion (€1.42 billion) bribery and fraud case, its owner UBS was quoted as saying by Bloomberg news agency, a day before a London trial was due to start.

• Thursday, April 16th 2020 - 08:30 UTC

  Brazil's most wanted criminal has been arrested in Mozambique

  

  One of Brazil's most wanted criminals has been arrested in Mozambique after spending more than two decades on the run, officials say. Gilberto Aparecido dos Santos, known as Fuminho, is accused of running drug trafficking operations for one of Brazil's most powerful gangs.

• Thursday, January 9th 2020 - 08:48 UTC

  Something smells rotten in Maputo: Russian bank suing Mozambique over US$ 2bn in loans

  

  Russian bank VTB is suing a Mozambique state-owned company over US$ 535 million it extended as part a series of loans now at the centre of a US$ 2 billion debt scandal. An online court filing dated Dec. 23 shows VTB has lodged a lawsuit in Britain’s High court against the Mozambique state and Mozambique Asset Management, which borrowed the money from VTB as part of a costly project that U.S. authorities say was an elaborate front for a bribery and kickback scheme.

• Wednesday, March 20th 2019 - 09:53 UTC

  Hundreds killed by cyclone Idai in Mozambique, Zimbabwe and Malawi

  

  Cyclone Idai has triggered a “massive disaster” in southern Africa affecting hundreds of thousands if not millions of people, the UN says. The region has been hit by widespread flooding and devastation affecting Mozambique, Zimbabwe and Malawi.

• Friday, January 4th 2019 - 08:49 UTC

  Ex Credit Suisse bankers and Mozambique officials charged with US$ 2bn fraud

  

  Three former Credit Suisse bankers have been arrested over their alleged role in a US$ 2bn fraud scheme connected to firms in Mozambique, according to US authorities. The men have been released on bail in London while the US seeks their extradition.

• Thursday, September 17th 2015 - 20:43 UTC

  Mozambique declared 'free of mines' after 22 years; HALO Trust confirmed destruction of last mine

  

  The government of Mozambique is expected to officially declare the country free of landmines shortly after the British mine clearance charity The HALO Trust confirmed it had destroyed the last mine on its last known minefield.

• Monday, November 14th 2011 - 20:51 UTC

  Brazilian trade minister and 53 companies on African business round

  

  A business mission of 53 companies organised by the Brazilian government plans to begin a tour of Mozambique, Angola and South Africa on 21 November, an Apex-Brasil official said in Sao Paulo.

• Friday, October 21st 2011 - 05:13 UTC

  Brazil reaffirms its political and trade influence in Angola and Mozambique

  

  Brazil reaffirmed its influence in Africa with the visit by President Dilma Rousseff on Thursday of the oil rich ‘brother’ nation Angola. Rousseff had previously visited South Africa and Mozambique.

• Tuesday, August 16th 2011 - 06:23 UTC

  Mozambique offers Brazilian farmers 6 million hectares to develop agriculture

  

  The Mozambique government is providing large tracts of land at a symbolic price to Brazilian farmers to produce soy, maize and cotton, Mozambique’s agriculture minister, José Pacheco told Brazilian newspaper Folha de Sao Paulo.

• Monday, May 9th 2011 - 18:59 UTC

  Brazil’s Vale invests 2 billion USD to develop Mozambique vast coal reserves

  

  The world’s largest iron-ore producer, Brazil’s Vale will double investments in Mozambique to 4 billion US dollars in the next four years, said on Monday Chief Executive Officer Roger Agnelli.