areaspreviousupdateshomecontacts
questionsdiscussionshighlightsabout us

Former Mozambique Finance Minister Sentenced for Corruption in Tuna Scandal

January 18, 2025 - 21:32

Former Mozambique Finance Minister Sentenced for Corruption in Tuna Scandal

Manuel Chang, the former finance minister of Mozambique, has been sentenced to eight and a half years in prison for his role in a massive corruption scandal known as the "Tuna Affair." This case involved approximately $7 million in bribes and kickbacks related to a series of fraudulent loans that ultimately plunged the nation’s economy into a deep crisis.

The scandal erupted when it was revealed that the government had taken out loans under false pretenses, leading to significant financial losses and widespread public outrage. The loans, which were purportedly intended to fund the country's fishing industry, were instead misappropriated for personal gain by various officials, including Chang.

The sentencing marks a significant step in Mozambique's ongoing efforts to combat corruption and restore public trust in its institutions. The fallout from the Tuna Affair has had lasting repercussions, affecting the nation's economy and its international relations. As the country grapples with the aftermath, this case serves as a stark reminder of the challenges it faces in ensuring accountability and transparency in governance.


MORE NEWS

Collins Foods (ASX:CKF) Faces Challenges with Declining Share Price

December 22, 2025 - 02:32

Collins Foods (ASX:CKF) Faces Challenges with Declining Share Price

Collins Foods (ASX:CKF) has experienced a challenging month, with its share price declining by 3.9%. Investors are increasingly concerned about the company`s financial prospects, prompting...

Critical Insights on Dave Ramsey's Money Advice from a Financial Advisor

December 21, 2025 - 23:23

Critical Insights on Dave Ramsey's Money Advice from a Financial Advisor

While his guidance has helped millions get out of debt, not everything he says gets a thumbs-up from financial advisors. Dave Ramsey, a well-known figure in personal finance, has provided...

Essential Year-End Financial Check-Ins for a Strong Finish

December 21, 2025 - 06:38

Essential Year-End Financial Check-Ins for a Strong Finish

As the year draws to a close, it’s crucial to prioritize your financial health with some key check-ins. Overlooking these important tasks could lead to missed opportunities and costly mistakes. ...

Essential Financial Steps to Take Before the End of 2025

December 20, 2025 - 21:04

Essential Financial Steps to Take Before the End of 2025

As the year draws to a close, it`s crucial to ensure your financial health is in order, especially if you`re approaching retirement. Here are three key financial moves to consider in the next 10...

read all news
areaspreviousupdateshomecontacts

Copyright © 2025 Savixy.com

Founded by: Alana Kane

questionsdiscussionshighlightstop picksabout us
termscookie settingsprivacy