At least 63 companies are having difficulty paying bills to overseas suppliers due to a lack of foreign currency, generating a total debt of US$373 million (23,592 million meticais) in the last six ...

Standard & Poor's (S&P) today downgraded the rating of Mozambique's domestic debt issues to CCC-, maintained the level of external debt issues, but worsened the outlook for both to negative. "The gove ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Mozambique was among Africa’s fastest-growing economies until a decade ago, when a $2 billion debt scandal tipped it into crisis that ended in default. An Islamic State-linked insurgency has also ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Donors such as the International Monetary Fund temporarily halted support to Mozambique, triggering a currency collapse and financial turmoil. The prosecutors had urged a sentence of 11-1/4 and 14 ...