Credit rating agencies are punishing Mozambique for its attempts to renegotiate the US$850 million bond issued in 2013 by the Mozambique Tuna Company (EMATUM), and guaranteed by the government of the time. The current Finance Minister, Adriano Maleiane, inherited the EMATUM bond from his predecessor, Manuel Chang, and realized that the terms of the bond … Continue reading Ematum revisited as the tide is about to turn