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Mozambique

  • Friday, 23 May, 2025
    Financial services
    FCA bans third ex-Credit Suisse banker over ‘tuna bonds’ scandal

    Detelina Subeva’s decision to keep $200,000 in tainted funds revealed lack of ‘ethical compass’, says regulator

    Detelina Subeva leaving Westminster Magistrates Court in London, England in March 2019
  • Wednesday, 21 May, 2025
    The Big Read
    Total’s risky bet on a natural gas megaproject in southern Africa

    The French energy giant was forced to pause a huge LNG scheme in Mozambique after Islamist militants launched a deadly attack. Is the region safe enough for it to restart?

    A satellite view of Total’s Mozambique LNG project on the Afungi peninsula
  • Thursday, 13 March, 2025
    TotalEnergies
    US swings behind TotalEnergies’ vast Mozambique gas project

    Trump administration frees up $4.7bn loan to French company that was frozen since 2021

    Mozambican marines on the docks of the Total gas plant in Afungi in the Cabo Delgado province
  • Tuesday, 4 February, 2025
    TotalEnergies
    UK takes legal advice over pulling out of $20bn Total LNG project in Mozambique

    Britain has pledged to halt new export finance to oil and gas developments in wake of COP26 in 2021

    Rwandan policemen stand guard near a coastal area at the Total Mozambique LNG Project in Afungi, Cabo Delgado province
  • Thursday, 30 January, 2025
    TotalEnergies
    TotalEnergies failed to convince Biden’s team to back $20bn African project

    LNG development faces paralysis after halt in 2021 following Islamist insurgency

    Rwandan policemen guard the Total Mozambique LNG project in Afungi, in the country’s Cabo Delgado province
  • Thursday, 9 January, 2025
    Exiled Mozambique leader returns after months of violence in bid for power

    Venâncio Mondlane holds ‘inauguration’ at airport amid fears that deadly stand-off with ruling party could destabilise region

    Mozambique’s main opposition leader Venâncio Mondlane, centre, wearing a garland of flowers and surrounded by people upon his arrival at Maputo International Airport in Mozambique on January 9 2025
  • Sunday, 29 December, 2024
    Mozambique crisis escalates as government accused of brutal crackdown

    Human rights activists say at least 130 people killed after ruling party’s Daniel Chapo confirmed winner of election

    A burning barricade in the street of Maputo, Mozambique’s capital, on Saturday
  • Monday, 23 December, 2024
    Mozambique’s disputed election verdict reignites protests

    Constitutional Council says Frelimo’s Daniel Chapo was victor in October poll despite widespread claims of vote-rigging

    A military armoured vehicle blocks the road as protesters try to make their way to the Ressano Garcia border post between Mozambique and South Africa
  • Wednesday, 4 December, 2024
    Mozambique’s auction of ‘tuna bonds’ fleet fails to attract single bid

    Political unrest in the southern African country wrecks attempts to sell rusting vessels

    Rows of blue and white boats in dock
  • Friday, 15 November, 2024
    FT Alphaville
    For sale: Mozambican tuna boat, never fished

    Buy a floating piece of history

  • Friday, 8 November, 2024
    Mozambique leaders accuse protesters of coup attempt as post-poll violence escalates

    Critics say ruling party is creating a false narrative to justify its heavy crackdown following disputed elections

    A protester reacts near a burning barricade during a ‘national shutdown’ against the election outcome, at Luis Cabral township in Maputo, Mozambique
  • Thursday, 24 October, 2024
    Mozambique ruling party wins election condemned as ‘rigged’

    Frelimo’s Daniel Chapo takes presidency after polls marred by irregularities and murder of opposition advisers

    Daniel Chapo
  • Sunday, 20 October, 2024
    Mozambique opposition plans protests after killings

    Legal adviser to opposition leader Venâncio Mondlane was one of two men assassinated after a contested election

    A protester holds an image of Podemos spokesperson Paulo Guambe and lawyer Elvino Dias during a vigil in Maputo on Sunday, a day after they were shot dead
  • Wednesday, 9 October, 2024
    Mozambique’s ruling party seeks re-election as voter anger rises

    Frelimo seeks to extend its 49 years in power despite links to ‘tuna bond’ corruption scandal

    Frelipo’s presidential candidate Daniel Chapo acknowledges supporters at a rally in Maputo on Sunday
  • Wednesday, 18 September, 2024
    Special ReportThriving Cities
    Child victims of conflict and violence face barriers to learning

    In countries such as Mozambique and Haiti, schools have been closed or destroyed

    Image shows a girl sitting on the ground wearing a colourful garment with flower motifs. She appears to be drawing a flower or a tree on a sheet of paper
  • Thursday, 8 August, 2024
    Mozambique’s former finance minister convicted in $2bn ‘tuna bonds’ case

    Manuel Chang was accused of taking $7mn in bribes in scandal linked to loans from Credit Suisse and VTB Capital

    Manuel Chang at an extradition hearing in Johannesburg in 2019
  • Monday, 29 July, 2024
    Mozambique to recover $825mn from ‘tuna bonds’ fraud

    London court rules against Gulf shipbuilder Privinvest over scandal surrounding debt sold in 2013

    Security guards patrol past the EMATUM fishing fleet docked in Maputo, Mozambique
  • Wednesday, 17 July, 2024
    TotalEnergies
    Total hands security contract for $20bn Mozambique gas project to Rwandan state-linked business

    Kigali pursues commercial expansion in the country after its army helps put down Islamist insurgency

    A satellite view of the Total Mozambique LNG project under construction in Afungi
  • Wednesday, 22 May, 2024
    Agricultural commodities
    ETG threatens international arbitration in dispute over $60mn seizure

    Commodities house urges Mozambique to resolve commercial fight after rival seizes food export

    Dal
  • Tuesday, 13 February, 2024
    Global Economy
    What we do in the (debt) shadows

    The ongoing transparency project

  • Wednesday, 17 January, 2024
    Agricultural commodities
    Trading firm tries to halt $60mn shipment of seized pigeon peas

    ETG accuses Mozambican authorities of helping local firm Royal Group take foodstuffs in long-running dispute

    Pigeon peas
  • Wednesday, 22 November, 2023
    Rio Tinto PLC
    Rio Tinto to pay $28mn penalty in US settlement over Mozambique mine

    SEC also fines former chief Tom Albanese $50,000 after a five-year legal battle

    A view of the Zambezi river in Mozambique
  • Tuesday, 10 October, 2023
    TotalEnergies
    Total accused of involuntary manslaughter over 2021 Mozambique attack

    Survivors of Palma terror assault say French company failed to take measures to ensure safety of subcontractors

    Soldiers on patrol near the Total facility in Cabo Delgado, Mozambique, in September 2021
  • Sunday, 1 October, 2023
    UBS Group AG
    UBS settles with Mozambique in Credit Suisse ‘tuna bond’ case

    Country had been suing the bank and others for their part in a 2013 loans scandal that wrecked its finances

    Tuna fish
  • Thursday, 28 September, 2023
    UBS Group AG
    UBS seeks last-ditch settlement in Credit Suisse ‘tuna bonds’ case

    Trial at London’s High Court over Mozambique scandal is due to start next week

    A tuna fish
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