Mozambique: Court Blocks CTA Bank Accounts

Maputo — The Maputo City Court has ordered the blocking of the bank accounts of the Mozambican Confederation of Business Associations (CTA), as well as the seizure of its head office because of a debt of 25 million meticais (393,000 dollars at the current exchange rate) that the Confederation owes to the engineering firm, the Mondego Group.

In the document issued by the court, the CTA has been notified to pay almost 25 million meticais resulting from contracts under which the Mondego Group built…