The Mozambican government expects to mobilise around US$3 billion (€2.5 billion) from the United Kingdom for investment in the strategic sectors of energy, agro-industry and transport, official sources announced.
“It is expected that this pact will mobilise US$3 billion in foreign direct investment from the [United Kingdom],” Mozambique’s Minister of Planning and Development, Salim Valá, was quoted by local media as saying.
According to the minister, Mozambique has competitive advantages that few African countries are able to combine simultaneously.
“There are concrete and viable opportunities in strategic sectors. Electric mobility and sustainable transport, sustainable agro-industry, industries based on clean energy, including aluminium, green fertilisers, green hydrogen and other energy-intensive industries seeking locations with clean and competitive electricity,” he added.
Regarding the financing opportunity, which follows the Inclusive Growth Pact between the two countries, Salim Valá reiterated that it would be necessary to implement the agreed targets with “discipline, consistency and a sense of urgency”.
Helen Lewis, the British High Commissioner to Mozambique, said that with leadership, coordination and ambition, Mozambique has all the conditions needed to accelerate its economic transformation and establish itself as a regional hub for investment and production.