Loan info still shows gaps

The Star Early Edition - - BUSINESS REPORT -

MOZAM­BIQUE should take steps to ad­dress in­for­ma­tion gaps that re­mained re­gard­ing the use of loans granted to three state-owned com­pa­nies, the IMF said. It vis­ited Mozam­bique from July 10 to 19 to dis­cuss find­ings of an au­dit by risk-man­age­ment firm Kroll into the coun­try’s $2 bil­lion (R25.83bn) in hid­den loans to tuna fish­ing com­pany Ema­tum, se­cu­rity firm Proindi­cus and Mozam­bique As­set Man­age­ment (MAM). The au­dit showed about a quar­ter of the money re­mained un­ac­counted for. – Reuters

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