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The financial naughty step

Mozambique hopes to get off the "grey list" by cracking down on dodgy financial transactions.

Today’s front pages in Maputo. Photo credit: Faizal Chauque / Zitamar News

Good afternoon. We hope Mozambican readers had a good Victory Day yesterday, a public holiday in Mozambique which this newsletter also observed. And thanks to those keen-eyed readers who pointed out a mis-placed decimal point in Wednesday’s Leader: a tonne of coffee does indeed fetch between $3,165 and $4,747 per tonne, not $3.17-$4.75 (which is the price per kilo).

On to today’s news. Mozambique is hopeful of getting off the global financial naughty step — or “grey list”, as it’s more commonly known — thanks to measures taken to crack down on dodgy financial transactions.

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