Thursday, June 16, 2016

Brexiteers would probably agree

Reuters with yet more on the Mozambique mystery loans --

VTB Chief Executive Andrei Kostin told Reuters in an interview. Mozambique Asset Management (MAM) borrowed $535 million from VTB to build shipyards in Maputo and the northern town of Pemba in expectation of a rapid takeoff in the offshore gas sector.  ...  Kostin said he saw the African continent in general as a "high risk zone" but one where operations should continue. "Investors invested in Greece and look how they got burned - but Mozambique is way better than Greece," he said.

No comments: