The Tuna Bonds and the bankruptcy of Mozambique – VisualPolitik EN

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This is the story of a fraud that has been estimated to have cost one of the poorest countries in the world its entire GDP for a year.

How did Mozambique go from being one of the most promising economies in the whole African continent to being more than US$4 billion in debt in less than 20 years? In this video, made in collaboration with Value School, we give you the whole story.

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In This Story: Mozambique

Mozambique is a southern African nation whose long Indian Ocean coastline is dotted with popular beaches like Tofo, as well as offshore marine parks. In the Quirimbas Archipelago, a 250km stretch of coral islands, mangrove-covered Ibo Island has colonial-era ruins surviving from a period of Portuguese rule. The Bazaruto Archipelago farther south has reefs which protect rare marine life including dugongs. 

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