On Tuesday, February 3, Prime Minister Benvinda Levi presented Mozambique’s portfolio of strategic assets in the energy, transport, natural resources, and blue economy sectors in Dubai, United Arab Emirates (UAE), with the aim of attracting long-term global investment. The initiative is part of the government’s strategy to attract international capital for the country’s sustainable development.
Benvinda Levi participated in the launch ceremony of the Global Investment Summit on Africa on behalf of the President of the Republic, Daniel Chapo, who was unable to attend due to the severe floods that recently affected several regions of Mozambique. The Prime Minister explained that the situation caused by the floods, which threaten human lives and livelihoods, required the Head of State to remain in the country.
The event brought together political leaders, financial decision-makers, and international investors, serving as a platform for dialogue on strategies to strengthen the link between African assets and global capital. On that occasion, the Prime Minister stressed that Africa’s main challenge is not a lack of assets, but rather the absence of structured mechanisms to effectively connect them to international investment.
According to Benvinda Levi, the continent no longer questions whether capital will come, but seeks to redesign how it arrives, where it goes, and how it generates concrete results. The minister pointed out that Africa has significant sovereign assets, including energy, infrastructure, arable land, water resources, minerals, and human capital. However, many of these assets remain undervalued due to weaknesses in governance and the lack of effective risk mitigation mechanisms.
In Mozambique, the strategic assets identified include natural gas reserves, the ports and logistics corridors of Maputo, Beira, and Nacala, the Cahora Bassa Hydroelectric Plant, agribusiness, fisheries, critical minerals such as graphite, as well as the blue economy and sustainable tourism. The Prime Minister stressed that the mere existence of assets is not enough to attract international investment, with credibility being a decisive factor in winning the confidence of investors.
The Government’s strategy is based on monetizing sovereign assets through transparent partnerships, strengthening the regulatory framework, and promoting sound governance. As examples of ongoing structural investments, Benvinda Levi mentioned the resumption of the Mozambique LNG project, led by TotalEnergies, with around 40% of construction completed and financing valued at US$14 billion.
She also highlighted ExxonMobil’s commitment to the Rovuma LNG project, estimated at US$20 billion, two ENI projects valued at US$15 billion, as well as a new hydroelectric partnership with Electricité de France, a French electricity production and distribution company, and Sumitomo, a Japanese group specializing in trade and industry, worth US$5 billion.
Benvinda Levi reiterated that Mozambique is open for business, not as a promise, but as a conscious choice, adopted as state policy and as a strategic goal for the country’s development.
Source: Agência de Informação de Moçambique (AIM)
