Mid-January 2022, Storm Ana raged through southwest Africa, leaving a trail of devastation and loss of life in Malawi, Madagascar and Mozambique. With extreme weather events likely to occur more…
After six years of campaigning, the UK Financial Conduct Authority has finally fined the London branch of Credit Suisse for their role in the Mozambique secret loans scandal – a crisis which…
Earlier this week, the trial of 19 individuals involved in Mozambique’s hidden debt scandal began in the capital city, Maputo. Those on trial, including the former Presidents’ son Armando Guebuza and former head of security…
Case brought by campaigners says Mozambique law was not followed Campaigners call for English High Court to also declare the debts void In a verdict released today, the Mozambique Constitutional…
Case brought by the government of Mozambique also seeks damages from Credit Suisse and shipbuilding company Privinvest Credit Suisse given deadline of 21 January to file and serve their defence…
Campaigners say people of Mozambique should not have to pay one cent in debt arising from secret loans Reacting to reports that Russian State bank VTB has filed a case…
Former Credit Suisse banker Andrew Pearse has pleaded guilty to taking millions of dollars in kickbacks on three loans he helped arrange to three state–owned companies in Mozambique. The loans…
Introduction A fortnight ago in a major victory for our allies The Mozambique Budget Monitoring Forum (FMO), a network of 21 civil society organisations, the Mozambique Constitutional Council ruled one…
Three campaigners from the Mozambique Budget Monitoring Forum (FMO) will visit London from 20-23 May to seek to hold to account the banks behind the $2 billion odious loans scandal.…
Press release: For immediate release For further information and interviews please contact Sarah-Jayne Clifton on 07980 599002 The IMF has agreed an emergency loan of $118.2 million to Mozambique following…