A boom in explosives!
Ex-army brass and police covet the commercial explosives market. [...]
Just as Mozambique is trying to fix things up with the IMF, to which it is in default, Mozambique Assets Management (MAM), Ematum and Proindicus, whose mammoth dodgy loans have thrown the country into chaos, continue to operate. MAM’s sleight of [...]
The Indian Ocean Newsletter has learnt on the spot in Maputo that a small group of security officials have prompted the country to take out loans totalling $1.4 billion. This has considerably angered the international donors. The same ‘securocrats’ are [...]