Manuel Chang, the former Finance Minister, was extradited from South Africa on Wednesday morning (12) into the custody of the US justice system. He is answering questions about his involvement in defrauding the Mozambican state of more than 2.7 billion dollars. He is charged with three crimes, including conspiracy to commit fraud...
The Independent Evaluation Group (IEG) has concluded that the World Bank (WB) could have created conditions to avoid the contraction of undeclared debts by the Mozambican state, valued at more than 2.7 billion dollars. The information is contained in an IEG report on WB assistance to Mozambique...
The South African authorities handed over former Finance Minister Manuel Chang to the US authorities in Johannesburg this morning. According to RDP, a South African government source confirmed that Manuel Chang was being taken by private jet. "The Ministry of Justice can confirm that Mr. Manuel Chang has been handed over to the agencies...
The former Minister of Finance, Manuel Chang, will be extradited to the United States of America, with some reports indicating that this would happen by Monday (10). According to a publication by a member of the Center for Public Integrity (CIP), the plane that will transport Manuel Chang to American territory landed on...
The magistrate chosen to judge the autonomous case of undeclared debts (Hidden Debts) brought against the former Minister of Finance, Manuel Chang, is César Zunguze, of the 8th Section of the Maputo City Judicial Court. In addition to Chang, the case includes three former senior managers of the Bank of Mozambique (BM) accused of involvement in the fraud of...
The Center for Democracy and Development (CDD) predicts that soon, with the new management, Hidroeléctrica de Cahora Bassa (HCB) will enter a new phase of financial distress due to its high level of debt. The NGO calls on shareholders to monitor the company's operations and demand transparency in the accounts. HCB...
Teacher absenteeism in public schools in the province of Manica is 10% with an increasing trend and may be due to the high level of indebtedness to banks. Some have debts in more than three banks and receive 200 meticais in salary after deductions. Around 11,000 of the more than 17,000 employees...
South Africa's Constitutional Court (ConCourt) today dismissed, for the second time in 12 months, a new appeal by the Attorney General's Office (PGR) against the extradition of former Minister Manuel Chang to the USA. According to the court order, the panel of judges of South Africa's highest court also ordered...
Around 500 workers, both permanent and seasonal, from the Maning Nice transport company have been left without a source of income due to the suspension of their activities. The company, based in Nampula, recently announced that it had suspended its activities due to the advanced state of degradation of the EN1 road, which connects the north and south of the country. http://896.424.mywebsitetransfer.com/transportadora-maning-nice-suspende-actividades-por-degradacao-da-en1/ The President...
The Minister of Transport and Communications, Mateus Magala, revealed this Wednesday in parliament that renowned and well-structured companies from Europe and the Middle East have refused to accept leading a recovery plan for Mozambique Airlines (LAM). "We contacted several world-renowned airlines, and none of them were interested in taking over or partnering...