Financial scandal rocks PODEMOS

  PODEMOS (Optimistic Party for the Development of Mozambique), the main opposition party in Mozambique, has been plunged into an internal crisis following the revelation of a significant shortfall in the monthly public funding allocated to its parliamentary bench, with party leaders allegedly underreporting the true value of the funds by more than 1.6 million meticais (about $25,040). According to documents from the Ministry of Economics and Finance, PODEMOS's parliamentary bench receives 6.6 million meticais (approximately $100K) per month in public funding. However, party leaders allegedly informed members that the monthly allocation was only 5 million meticais, a figure seen by some party members as an attempt to hide the true amount PODEMOS receives from the state coffers. PODEMOS member of parliament Hélder...

Read more

Timeline: Chang extradited to the US

Photo: RedactorMz -- Manuel Chang in a South African courthouse

Former Mozambican Finance Minister Manuel Chang has finally been extradited to the United States after a protracted extradition battle played out in South African courts.

On Wednesday, South Africa’s Justice and Correctional Services surrendered Chang to US Marshals Service, who promptly flew him to the US, where he is to be tried on charges of fraud.

Click on the picture to see the timeline from his arrest on 29 December 2018 to his extradition on 12 July 2023.

Click here to subscribe.

Contact subscriptions@mozambiqueinsights.com or click here for more information.



Experience top-tier Engineering, Procurement, and Project Management solutions customized for the Oil and Gas Sector. Click below to explore our website and delve into detailed services for energy, oil & gas, and infrastructure projects.
Click Here

Cabo Delgado: Counting the dead

Latest_News

Popular_News

Archives

Banner (Paisagem) Reabertura de Empresa Farmácia Vintage Moderno Preto e Branco

Click here to subscribe.

Contact subscriptions@mozambiqueinsights.com or click here for more information.

NEWSLETTER

Subscribe to our newsletter and get latest news and exclusive content on your email.

Cabo Delgado: Counting the dead

📩

Stay Informed. Stay Ahead.

Get clear analysis, key developments, and stories that help you understand Mozambique — delivered straight to your inbox.

We don’t spam! Read our privacy policy for more info.

error: Content is protected !!