The Ministry of Economy and Finance (MEF), through the Asset Management Office, has launched a public tender for the selection and hiring of a company specializing in rental management, control, custody and conservation of real estate. The aim is for the private sector to manage assets of illicit origin...
On Tuesday (07), in the Bailiwick of Jersey, the United Kingdom returned 829,500 pounds (around 66,343,913.40 meticais at the current exchange rate) to Mozambique, as part of the signing of the first agreement to return assets from illegal activities on foreign territory. According to the memorandum, the returned assets will be used by the Mozambican authorities...
The state recovered 1,599,451,655.75 meticais as part of the collection of assets obtained through criminal activities, according to figures released by the Attorney General's Office (PGR). According to Beatriz Buchili, in 2023 the Central Asset Recovery Office (GCRA) seized 214,084,130.34 meticais in cash and various movable and immovable assets valued at 1,385,367,525.41 meticais. From...
The Ministry of Economy and Finance (MEF) will soon create an office for asset management in the fight against illegal or criminal activities. The office is intended to look after assets seized and/or recovered as part of the fight against money laundering, according to Noticias. According to the source,...
Mozambique's Tax Authority is considering taking diplomatic action to ensure that the state recovers more than 239 million dollars in taxes evaded by Anglo-Australian mining company Rio Tinto. The multinational is alleged to have sold its coal assets in Tete at a price far below the acquisition value and the...
The lack of specific legislation could create conditions for a lack of transparency in the management of assets lost to the Mozambican state for good, according to the Center for Public Integrity (CIP). In an analysis of transparency in the management of assets recovered on behalf of the state, the NGO found that the gap...
Angola has seized and confiscated luxury assets such as airplanes, buildings on Wall Street and Dubai and a Lamborghini, as well as a soccer training center and a spa, as part of the fight against corruption. These goods and assets, which are not yet being managed by the Angolan government, pending a definitive court decision,...
Italian oil company Eni has closed a 300 million dollar deal to sell non-core assets in Congo-Brazzaville to French independent company Perenco. The transaction took place just days after the Italian company agreed to buy the private company Neptune Energy for 4.9 billion dollars and is the latest in a series of...
British Petroleum Moçambique (BM Moçambique) has sold its aviation fuel assets to Puma Energy Moçambique. The operation includes the transfer of the fuel supply business and its infrastructure, namely facilities, tanker trucks and storage terminals. The deal, which was carried out under the auspices of the Competition Regulatory Authority (ARC), and whose values were not...
Credit Suisse saw a loss of 61 billion Swiss francs - around 62 billion euros - in deposits and other funds under management in the first quarter. According to a statement released this Monday, quoted by Bloomberg, which comes as part of the presentation of results for the first quarter of...