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Breaking: Ematum debt declared unconstitutional – Mozambique
4:28 CAT | 04 Jun 2019
Photo: Twitter
The Mozambican Constitutional Council (CC) has just declared “the nullity of the acts inherent to the loan contracted by EMATUM SA, and of the respective sovereign guarantee granted by the Government, in 2013, with all the legal consequences,” read the closing arguments of a ruling issued today.
The full ruling, in Portuguese, is HERE.
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The news was brought by former CIP director Adriano Nuvunga on his Twitter page. Nuvunga currently heads ADS-Moz, a “Think and do Tank for Youth, Leadership and Development in Mozambique”.
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Breaking News. The Constitutional Council of #Mozambique nullifies the #EMATUM illegal debt and the #Sovereign #debt backing it. Great work by civil society organizations and @FMO_Moz in particular but great victory for the people of #Mozambique!! pic.twitter.com/8kHzA6vMRb
— Prof. Adriano Nuvunga (@adriano_nuvunga) June 4, 2019
Source: Twitter
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