Maputo — Qatari investment firm Mansour Holding has signed a $20bn (R355bn) partnership agreement with Mozambique to support sectors the government is prioritising including energy and agriculture, says President Daniel Chapo’s office.
It is the latest in a series of investments by Mansour Holding across Africa, with similar deals in the Democratic Republic of Congo, Zambia and Botswana announced in the past two weeks.
The continent’s vast land resources, a paucity of key infrastructure and some of the world’s top mineral deposits crucial to the global renewable energy push have drawn increasing interest from Middle Eastern nations and companies, which are vying for influence with rivals such as China and the US.
Earlier on Wednesday Mansour Holding, led by Sheikh Jassim bin Mansour bin Jabor Al Thani, announced the acquisition of a 19.9% stake in Australia’s Invictus Energy to help finance a promising gas project in Zimbabwe.
“We are not here to compete, we are here to complement. We are not here to take, we are here to build,” he said in a statement after meeting Chapo on Tuesday, adding that Mansour Holding was in Africa for the long-term.
In Zambia, President Hakainde Hichilema announced on August 18 that the investment firm had pledged $19bn (R337.25bn) in investments for the nation.
Reuters
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