Mozambique’s Ex-Finance Minister Sentenced to Prison Over ‘Tuna Affair’
Manuel Chang will spend eight and a half years in prison for taking about $7 million in bribes and kickbacks in a loan scandal that sent the country’s economy into a crisis.
Ex-Mozambique minister sentenced for role in 'hidden debt' scandal
Former Mozambican finance minister Manuel Chang was sentenced to more than eight years in prison on Friday in connection with a graft scandal that sparked an economic crisis in his home country. The scandal triggered Mozambique's worst economic crisis since independence from Portugal four decades earlier.
Mozambique’s Ex-Finance Minister Faces Sentencing in New York in ‘Tuna Bonds’ Corruption Case
Mozambique’s former finance minister is set to be sentenced in a New York court on wire fraud and money laundering charges stemming from the infamous “tuna bond” scandal that triggered a financial cri
Ex-Mozambique Minister Gets 8 1/2 Years in US Bond Fraud Case
A former Mozambique finance minister was sentenced to 8 1/2 years in prison by a US judge for his role in a $2 billion bond fraud that ensnared Credit Suisse Group AG and triggered a financial crisis for the African nation.
Mozambique president appoints new finance, energy ministers
Mozambique President Daniel Chapo on Friday appointed Carla Louveira as finance minister and Estevão Pale as mineral resources and energy minister. Louveira was the deputy minister of economy and finance from 2020,
Ex-Mozambique Finance Minister Gets 8½ Years in Prison in Bribery Scheme
A U.S. federal judge said Manuel Chang betrayed his country in one of the biggest debt-corruption scandals in Africa.
Mozambique not looking to review terms of planned LNG projects, president says
Mozambique is not looking to review contract terms with energy majors like TotalEnergies and ExxonMobil who are planning ...
Mozambique’s default risk rises as unrest persists
Opposition leader Venâncio Mondlane, who claims October’s election was “stolen” from him, returns to Maputo after nearly two ...
‘Burn Mozambique’: New President Takes Power in a Nation on Edge
Daniel Chapo was sworn in at a time of widespread anger directed at his party, Frelimo, which has led the country for 50 ...
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Mozambique Progresses and Obstacles, including Tourism
The Institute of Cultural Diplomacy (ICD), a worldwide organization focused on peacebuilding, conflict management, and ...
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Mozambique: Rival hits out at new president’s promises and ‘militarised inauguration’
Mozambique's new president, Daniel Chapo, promises governance reforms and anti-corruption measures. Meanwhile, rival Venâncio ...
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When Daniel Chapo is sworn in as Mozambique’s new president on Wednesday
When Daniel Chapo is sworn in as Mozambique’s new president on Wednesday, he’ll take over as the leader of a nation shattered ...
Hundreds protest as Mozambique inaugurates a new president
Hundreds of supporters of Mozambique's opposition protested as the country inaugurated a new president following disputed ...
Mozambique president sworn in amid tight security, protests
Under tight security measures, Mozambique’s new president, Daniel Chapo, was sworn in as the country’s fifth president on ...
Mozambique electoral crisis opens chasm in South Africa’s gas supplies
Anderson said Sasol was engaging with government stakeholders both in South Africa and Mozambique, and was continuing to ...