Eugénia Langa, a Mozambican entrepreneur making waves in the construction sector with her dedication to high quality procurement and logistics
- Published: Thursday, 20 July 2017 08:49
- Written by SolutionsTeam
By Filipe Jacinto Nyusi
Maputo — Twenty years ago, in 1997, President Joaquim Chissano arrived in Washington DC to attend the Corporate Council on Africa's First Biennial U.S.-Africa Business Summit. He came as the leader of a nation still feeling the social and economic effects of a protracted and devastating conflict. Last month, I arrived in Washington to speak at the eleventh summit, as president of a different country. The Mozambique I lead today is a rapidly developing democracy that has gained a prominent place in Africa and the world. It is an African success story.
Prime Minister Carlos Agostinho do Rosario has told reporters that the recommendations from the independent audit into Mozambique's hidden debts will serve as a basis for the country to strengthen transparency in the management of public assets. The debts result from loans of over two billion dollars from European banks (Credit Suisse and VTB of Russia) to the security related companies Ematum (Mozambique Tuna Company), Proindicus and MAM (Mozambique Asset Management), which were illicitly guaranteed by the previous government. The three companies were audited by the London branch of the firm Kroll Associates, and the Attorney-General's Office (PGR) published the executive summary of the audit report on 24 June.