Latest News for: Mozambique money

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Vodacom sheds 4% on JSE after it reports lower headline earnings

Independent online (SA) 14 Nov 2023
Vodacom’s operations in the DRC, Lesotho, Mozambique and Tanzania, which it classifies as international segment, raised revenues 16.6% to R14.7bn, with customers increasing by 22.3%. However, strong data and mobile money revenue under MPESA in the region was offset by headwinds relating to “Mozambique’s price transformation” programme.
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Mozambique seeks $3 billion from Privinvest in 'tuna bonds' scandal

Reuters 17 Oct 2023
LONDON, Oct 17 (Reuters) - Mozambique is seeking more ... In London's High Court, Adkin said Privinvest and two former Credit Suisse bankers concocted the Mozambique deals "with the sole objective of extracting as much money as they possibly could from the republic".
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Rwanda wants to be Africa’s bobby on the beat

Economist 10 Oct 2023
Rwandan troops are fighting rebels in the Central African Republic (CAR) and waging war against jihadists in Mozambique ... to make money and influence people ... Mr Kagame acknowledged as much in a recent interview with the Africa Report, saying that since Mozambique and the CAR had no money they had agreed to “find another way” to compensate Rwanda.
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Firm Unveils Initiative To Solve FX Liquidity Challenges in Nigeria

This Day 09 Oct 2023
“It stands for more than just a money transfer service ... This payment service promises its users expanded reach; enabling money transfers from Nigeria to Ghana, Senegal, Gambia, Kenya, Cameroon, Ivory Coast, Mozambique, Tanzania, Uganda, Zambia, Zimbabwe, Guinea Conakry, Rwanda, Congo DRC, Burkina Faso,.
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UBS strikes a deal in Mozambique-Credit Suisse saga

Cryptopolitan 02 Oct 2023
Yet, as it so often happens when enormous sums of money come into play, these loans spiraled into a default with accusations swirling about an alleged misappropriation of vast amounts of cash ... Yet, Privinvest insists on his inclusion in the trial, pointing fingers at what they’ve labeled Mozambique’s money-reclaiming tactics.
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Mozambique can sue Privinvest in London 'tuna bond' case, UK court rules

Reuters 20 Sep 2023
Mozambique claims it is the victim of a conspiracy involving Privinvest and Safa, whom it accuses of paying more than $130 million in bribes to corrupt officials and Credit Suisse employees ... In 2021, the Court of Appeal ruled in the company's favour, in a blow to Mozambique's efforts to recoup the money it says it lost.
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Idaho Falls Zoo celebrates 25 years of AZA accreditation

Victoria Advocate 11 Sep 2023
(We) do that in a very aggressive way, not using any tax dollars at all, but raising money.” ... leopards in the wild, another endangered species; and Gorongosa National Park in Mozambique, Africa,” Pennock said. “ You get to vote for which program you want your money to support.”.
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Aid workers accused of demanding sex for food in Mozambique

Blitz 08 Sep 2023
Mozambique’s Cabo Delgado province has been gripped by conflict since 2018, involving militant Islamist fighters and Mozambican security forces ... Several women have come forward, like Macia, alleging that relief workers have been demanding sex and money in return for food aid.
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Wagner is still crucial for Putin despite Prigozhin's death

The New Arab 01 Sep 2023
This has presented the possibility that the plane suffered a mid-air explosion and not a technical defect ... Ukraine is one of them ... military help for influence, raw materials, and money. From Libya and the Central African Republic, expanding to Sudan, Mali, and -briefly - Mozambique ... He also invited Russian investors to pour money toward that goal ... ....
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Mozambican president calls for more investment in natural resource industries

China.dot.org 29 Aug 2023
28 (Xinhua) -- President of Mozambique Filipe Nyusi has encouraged foreign investors to plow money into the country's natural resource industries ... to date, we are cognizant of the need to redouble our efforts to enhance Mozambique's economic competitiveness," he added.
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This is Jo’burg Season 1 Episode 10

Mail Guardian South Africa 28 Jul 2023
Between 1936 and 1975 a radio station subverted young Jo’burgers all the way from Mozambique. LM Radio’s highly effective ad department came for their money, but it was its ...
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Former Mozambique finance minister extradited to US over $2B fraud scandal

Jurist 14 Jul 2023
South African authorities extradited Mozambique’s former Finance Minister Manuel Chang to the US on Wednesday to face corruption charges. Chang faces faces for his role in a $2 billion fraud and money laundering scheme that nearly crashed Mozambique’s economy and victimized individuals in the US.
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NYC mayor Eric Adams to update disclosure form after failing to report crypto holdings, report says

NBC Bay Area 14 Jul 2023
Get a weekly recap of the latest San Francisco Bay Area housing news ... Money Report ... Mozambique ex-finance minister denied bail in New York over $2 billion ‘tuna bond' scandal ... Adams' pro-crypto platform was part of the politician's efforts to give Miami a run for its money as one of the country's top destinations for industry enthusiasts ... .
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Ex-Mozambique finance minister arrives in US to face debt scandal charges

Reuters 13 Jul 2023
NEW YORK, July 13 (Reuters) - Mozambique's former finance minister is set to appear in U.S ... charges of conspiring to commit wire fraud, securities fraud and money laundering ... investors about Mozambique's creditworthiness, prosecutors said ... Eventually the loans defaulted and investors lost their money.
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Manuel Chang extradited to United States

Mail Guardian South Africa 12 Jul 2023
The charges stem from an elaborate fraud scheme that led to Mozambique defaulting on debt payments in 2016 ... The money, a fair share of which came from investors in the US, was ostensibly intended to support the development of Mozambique’s tuna fishing industry and pay for trawlers and coastal patrol vessels.

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