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Mozambique’s Biggest Economic Scandal Laid to Rest

Simon Osuji by Simon Osuji
November 16, 2024
in Business
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Mozambique’s Biggest Economic Scandal Laid to Rest
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The tuna fishing fleet at the center of a $2 billion corruption scandal, which scuttled Mozambique’s economy and triggered court cases across three continents, is up for auction. The 24 vessels, which have been rusting away for a decade in a port in Maputo, the capital, put the southeast nation on the hook for a $900 million bond that it’s still battling to repay.

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