Mozambique’s state firm MAM is still in talks with Russia’s VTB Bank over a late $178 million loan repayment, Finance Minister Adriano Maleiane said on Wednesday, urging both parties not to rely on a government bailout. Mozambique Asset Management (MAM) borrowed $535 million from VTB to build shipyards in Maputo and the northern town of … Continue reading Breaking: Mozambique tells VTB not to rely on state for loan payment