DOHA : Qatar’s Al Mansour Holding has signed a landmark deal with Mozambique to invest $20 billion in the country’s energy and agriculture sectors, President Daniel Chapo’s office confirmed on Wednesday.
The agreement is part of a wider African push by the Qatari investment firm, which has also announced multibillion-dollar commitments in the Democratic Republic of Congo, Zambia, and Botswana in recent weeks.
Led by Sheikh Mansour bin Jabor bin Jassim Al Thani, the company is rapidly expanding its presence across the continent’s energy market. Earlier this month, it secured a 19.9% stake in Invictus Energy, supporting a major gas project in Zimbabwe.
Sheikh Al Thani described the Mozambique deal as a long-term partnership: “We are not here to compete, we are here to complement. We are not here to take, we are here to build.”
The move underscores rising Gulf investment in Africa, as nations and private firms look to tap the region’s untapped resources, farmland, and minerals critical to the clean-energy transition.