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Mozambique faces deepening crisis amid corruption scandal and civil unrest

Law enforcement in Mozambique has shot hundreds of civilians, exacerbating poverty and crime, while critical issues like the Cabo Delgado war, hurricanes, deforestation, and a failing health and education system remain overlooked. The Ematum loan scandal, involving bribes and illegal loans totaling $2.007 billion, has plunged two million people into poverty, with the repercussions still unfolding as the country struggles to recover. Recent fines against Credit Suisse executives highlight ongoing legal investigations into this major financial scandal.
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South African Rand British Pound Sterling United States Dollar Credit Suisse Strategic Income I ZAF USA MOZ GBR Jean Boustani Daniel Chapo Ndambi Guebuza Venancio Mondlane Show more
Regulatory & Legal, News Article
09:00 23.03.2025
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