Mozambique's ex finance minister paves way for charges at home | Fin24
  • Cadre Cover

    The ANC is planning to launch a funeral policy scheme for members and supporters.

  • VBS Collapse

    Ramaphosa has acknowledged South Africans' impatience to see justice done.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.


Mozambique's ex finance minister paves way for charges at home

Jul 25 2019 08:27
Borges Nhamire
Manuel Chang, former finance minister of Mozambiqu

Manuel Chang, former finance minister of Mozambique, appears at the Kempton Park Magistrates court to fight extradition to the United states on January 8 2019 in Kempton Park, South Africa. (Photo credit should read WIKUS DE WET/AFP/Getty Images)

Related Articles

SA yet to decide on Mozambique extradition, state says

Court delays hearing on Mozambique ex-finance minister

Ex-Credit Suisse banker admits kickbacks in Mozambique scam


Mozambique’s former finance minister has resigned as a lawmaker, potentially paving the way for him to face charges in his home country in relation to a $2bn hidden-debt scandal.

Manuel Chang’s resignation, effective July 19, means he is no longer immune from prosecution, Speaker Veronica Macamo told lawmakers at the opening of parliament Wednesday in the capital, Maputo. Chang served as finance minister when Mozambique took on $2bn of foreign debt in 2013 and 2014 to finance a tuna fishing-boat fleet and maritime-surveillance project.

Chang was arrested in South Africa in December at the request of the US Justice Department, after it filed charges related to the debt scandal, alleging he signed papers on behalf of the government of Mozambique to guarantee the debts if the projects didn’t pay off. Mozambique then followed with its own application.

He remains in custody after South Africa’s justice ministry learned that his lawmaker status precluded him from prosecution. Chang has said he doesn’t oppose being sent to Mozambique to face charges but would fight extradition to the US.



Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote