• Qatari conglomerate Al Mansour Holdings signs $20 billion deal with Mozambique.

• Investments to target energy, agriculture, infrastructure, and tourism.

• Move follows $12 billion commitment in Botswana and $19 billion in Zambia earlier this month.

Qatari private conglomerate Al Mansour Holdings will invest $20 billion in Mozambique, the presidency announced on August 27.

The deal will channel funds into energy, agriculture, oil and gas, renewable power, infrastructure, fisheries, livestock, tourism, housing, hospitals and logistics, according to a statement. Mozambique’s five-year development plan for 2025–2029 prioritizes rural electrification and domestic gas production.

President Daniel Chapo, who took office in January, has also set out plans to revive agro-industry to complement subsistence farming. Roughly 80% of Mozambique’s cultivated land is currently devoted to food for household consumption, according to the U.S. Department of Agriculture.

Al Mansour’s chairman Sheikh Mansour bin Jabor bin Jassim Al Thani said the group aims to support, not compete with, local efforts. “We are not here to compete; we are here to complement. We are not here to take; we are here to build,” he said at the signing ceremony.

The Mozambique deal follows other large-scale investments announced by Al Mansour Holdings this month: a $12 billion commitment to Botswana on August 21 and a $19 billion agreement with Zambia on August 18. In April, Qatar and Egypt also finalized a $7.5 billion investment pact.

Details on the timeline and project rollout in Mozambique were not disclosed.

This article was initially published in French by Espoir Olodo

Adapted in English by Ange Jason Quenum