The OPAIA Group, one of Angola’s largest business conglomerates, plans to expand its operations into Mozambique, with planned investments in the areas of construction, energy, water supply, industry, and fertilizer production, the news portal Billionaires Africa reported on Monday, June 22.
According to the website, the plan was announced by the group’s founder and CEO, Agostinho Kapaia, following a meeting with President Daniel Chapo on the sidelines of the Global Tourism Forum Investment Summit in Luanda.
According to the Angolan businessman, the strategy involves establishing a permanent presence in the country, including opening a local office and setting up a Mozambican company, with a focus on partnerships with local entrepreneurs.
“We were recently in Mozambique and will naturally set up a local office. We want to set up a company here and find Mozambican businesspeople to develop partnerships,” said Agostinho Kapaia.
The announcement comes at a time when Mozambique is seeking to attract more foreign investment to accelerate industrialization and infrastructure development, with Daniel Chapo holding several meetings with investors during the summit held in the Angolan capital.
Founded in 2002 in Luanda, the OPAIA Group operates in various sectors, including construction, solar energy, water supply systems, agriculture, tourism, the automotive industry, and financial services.
The company currently has operations and international offices in cities such as Lisbon, São Paulo, Guangzhou, and Miami, in addition to its headquarters in Angola.
Among the group’s most recent investments is the inauguration, in January of this year, of an automotive industrial complex in the Luanda Special Economic Zone, with the capacity to assemble up to 22,000 passenger cars and 1,000 buses per year, including electric and hybrid models.
Agostinho Kapaia noted that Mozambique offers favorable conditions for attracting new private investment, highlighting the opportunities for economic growth identified during his visit to the country.
The businessman also praised the business environment fostered by the Mozambican authorities and expressed confidence in the economy’s development prospects.
The interest shown by the OPAIA Group joins that of other international investors who met with Daniel Chapo in Luanda, as Mozambique strengthens its economic diplomacy strategy to attract foreign capital.
With major natural gas projects, growing infrastructure needs, and a strategic location in Southern Africa, Mozambique continues to attract the interest of regional and international investors.
If it goes ahead, the OPAIA Group’s entry will represent another step toward deepening economic relations between Mozambique and Angola, with the potential to boost productive investments, knowledge transfer, and job creation in sectors considered strategic for national development.
