Six top board members of Mozambique’s central bank, Banco de Moçambique, including Governor Rogério Zandamela, earned 340.5 million meticais (about $5.32 million) in 2025, according to the weekly independent newspaper Canal de Moçambique. Canal de Moçambique claims that 300 million came directly from the central bank, and 40.5 million from associated entities such as Kuhanha, SIMO, Afreximbank, and SWIFT. Each board member reportedly received 4.7 million meticais per month, a figure that represents a 340% increase compared to the remuneration structure Zandamela inherited. When he arrived in September 2016, the BM had nine top managers with a combined annual salary budget of 99 million meticais. Under his mandate, fewer people earn more than triple the previous total. The revelations come...
Read more
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.
The latest report from Mozambique’s Financial Intelligence Unit (GIFiM) is not just another technical document on suspicious transactions. It is,...
Russian Foreign Minister Sergey Lavrov said in Maputo that Russia is “ready to help and respond to the requests of...
Mozambique’s newest opposition party, ANAMOLA, has accused the Technical Commission for the Materialisation of the Political Commitment for an Inclusive...
The end days Constitutionally, Mozambique’s President Filipe Nyusi ends his second term of office in January 2025 - and if...
Tangled up in the web they themselves wove, the Makonde ethnic group, which has closed ranks and built walls around...
Mozambique’s Frelimo ruling party is expected to meet on Thursday to produce its short-list of candidates who will vye internally...
Paid in full Mozambique has fully paid its $701 million (515.04 million Special Drawing Rights) debt to the International Monetary...
Read moreA pensive Manuel Chang in one of his court appearances in Gauteng (South Africa)Photo: News24 The...
Read more
Mozambique’s Criminal Investigation Service (SERNIC) has raided various informal markets and drug hot spots aimed at recovering stolen car...
Read morePODEMOS (Optimistic Party for the Development of Mozambique), the main opposition party in Mozambique, has been plunged into an...
Read more
