Credit Suisse to pay $23m compensation over ‘hidden debts’; US to provide $116 million to support refugees in Cabo Delgado

Welcome to Zitamar’s daily Mozambique briefing for 21 July 2022

Agenda:

• Today: Final day of official visit to Mozambique by Uzra Zeya, under-secretary for civilian security, democracy and human rights, US Department of State

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Today’s headlines:

• Salary reform part suspended after protests (VOA)

• Credit Suisse to pay  £23m compensation over ‘hidden debts’ (Law360)

• Indian steel and iron mills eyeing Mozambican coal (The Hindu Business Line)

• US to provide $116 million to support refugees in Cabo Delgado (Visão)

• CFM to set up subsidiary for gas opportunities (Notícias)