ISS TODAY: Mozambicans don’t want to pay back the money

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ISS TODAY: Mozambicans don’t want to pay back the money By ISS Today issafrica

released by the US embassy in Pretoria, it says the country ‘notes with great disappointment’ that Chang won’t be extradited to the US.

Matine questions the government’s commitment to getting to the bottom of the loan scandal. A special investigation unit has not been set up, and insufficient resources have been channelled to the probe. Matine alleges that not only were bankers and middlemen from Europe, Dubai and Russia involved in the scandal, but also secret service agents from Angola and Namibia, and a former South African army commander.

Who takes the blame for the debt scandal has been top of mind for many people ever since it was revealed in 2016. Following the discovery of the hidden debt, Mozambique’s currency plunged and subsidies on basic goods were lifted. International donors suspended all further aid to the country.

 

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