Mozambican President Daniel Chapo has urged American investors to capitalize on growing opportunities in his country’s energy, mineral, and infrastructure sectors, describing Mozambique as “open for business” and strategically positioned to become a key energy hub for southern Africa.
Speaking at a private-sector roundtable in Washington, D.C., on Wednesday, Chapo outlined his government’s push to attract foreign investment into high-impact sectors, citing ongoing reforms designed to improve transparency, strengthen fiscal stability, and enhance investor confidence.
“Mozambique is ready to partner with the North American private sector,” Chapo said. “We have abundant natural resources, strategic transport corridors, and the ambition to become a regional energy leader.”
He pointed to the Coral Sul Floating Liquefied Natural Gas (FLNG) project, operated by Italy’s ENI, as a model of successful international cooperation. The platform began exporting LNG in November 2022, marking Mozambique’s emergence as a new player in the global gas market.
Chapo also highlighted the resumption of TotalEnergies’ $20 billion LNG project in Palma district, which had been on hold since 2021 due to security challenges in Cabo Delgado Province. The restart of operations, he said, sends a strong signal that Mozambique’s energy sector is stabilizing and ready for renewed growth.
Beyond energy, the president emphasized opportunities in agriculture, transport, and tourism, particularly the Nacala Corridor—a key logistics route connecting northern Mozambique to the Indian Ocean. He added that expanding rail and port capacity could unlock regional trade and improve export competitiveness.
Chapo stressed Mozambique’s goal of becoming the energy backbone of southern Africa, helping ease electricity shortages in neighboring countries such as Malawi, South Africa, and Zimbabwe.
His appeal came during a six-day working visit to the United States focused on deepening bilateral and development cooperation. On the same day, Chapo met with World Bank President Ajay Banga, where discussions centered on budgetary support, development financing, and measures to strengthen fiscal resilience.
The World Bank reaffirmed its partnership with Mozambique, commending the government’s efforts to stabilize its economy and pledging continued support for infrastructure, energy access, and institutional reforms.
Chapo’s Washington visit, analysts say, underscores Mozambique’s determination to attract diversified investment and transform its vast natural wealth into sustainable, broad-based development.
Source:Africa Publicity
