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.
The Kosi Bay/ Ponta do Ouro border which links South Africa to Mozambique has been closed and locals are already feeling the impact.
Mozambique has “implicitly suggested” that a government guarantee on a $535 million loan might not be valid, state-run Russian bank VTB , which lent most of the money, said in a London court filing.
Human Rights Watch in Southern Africa says the SADC has to act and stem militant attacks in Mozambique as they pose a threat to the whole region.