Mozambique owes US$60 million to Angola

13 November 2015

Mozambique’s to Angola now totals US$60 million, said Thursday in Maputo a source from the Mozambican presidency, correcting the amount of US$600 million announced on Wednesday in Luanda, according to Portuguese news agency Lusa.

“Angola restated its willingness to pardon Mozambique’s, by at least 50 percent, and the part that remains will be transformed into investment,” said Wednesday in Luanda the President of Mozambique, Filipe Nyusi, noting that this agreement, already announced in 2014, had been put into writing in the final statement of the high-level talks between the two countries that marked a state visit that began Sunday.

This debt relief had already been announced in August 2014 by the Mozambican Minister of Foreign Affairs and Cooperation, Oldemiro Baloi, during the 9th Angola/Mozambique Joint Commission for Bilateral Cooperation.

“It is a gesture symbolising friendship and willingness to cooperate and take part in resolving the concerns of the Mozambican people”, Nyusi said at the end of the state visit to Angola, during which he met with his counterpart, José Eduardo dos Santos and attended the celebrations of the 40th anniversary of Angola’s independence on 11 November. (macauhub/AO/MZ)