Mozambique’s constitutional court has declared void two loans totalling more than $1 billion at the heart of a “hidden debt” scandal that triggered a currency collapse and sovereign debt default, a court ruling showed.
Loon, a unit of Google’s owner Alphabet Inc , which uses high-altitude balloons to provide mobile internet to remote areas, has signed a deal with Vodacom to expand the South African mobile operator’s network in Mozambique.
Mozambique security forces killed at least 129 insurgents in the northern Cabo Delgado region that has been besieged by violence for at least the last three years, the Interior Minister said on Tuesday.
Banco Comercial Portugues (BCP) has taken legal action against Mozambique, becoming the latest bank to pursue the heavily indebted East African state, which has been embroiled in a long-running $2 billion debt scandal.
Sixty-four people believed to be migrants from Ethiopia have been found dead in a container attached to a truck in Mozambique, provincial migration authorities and the police said on Tuesday.