17 April 2024 | 08:49 PM
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Mozambique

Amidst an unprecedented loadshedding crisis, the Central Energy Fund is pushing ahead with energy minister Gwede Mantashe’s plan to build a “gas bridge” to Mozambique, while Eskom calls for up to 6 000 megawatts of new gas-fired power to urgently be added to the grid.
In December, the US Department of Justice indicted three former Credit Suisse bankers for their role in bringing Mozambique’s economy to its knees. State-owned entities drowning in billions of dollars in debt, bloated infrastructure projects, kickbacks paid into UAE bank accounts, and government guarantees imperilling the entire economy: if any of this sounds familiar, keep reading.
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