Multinationals Sasol, Varun Beverages Zimbabwe & East Africa, and Philip Morris International have expressed interest in expanding their investments in Mozambique, particularly in the energy, beverages, dairy, and industrial development sectors.
The positions were presented in Maputo on Tuesday (19) during a meeting with the President of the Republic, Daniel Chapo.
According to Mozambique’s Information Agency, Sasol CEO Simon Baloyi said the meeting focused on the company’s investments in the natural gas sector and community development programs.
He reaffirmed Sasol’s commitment to Mozambique’s economic and social development, highlighting progress under the second phase of its local development program (LDA2), valued at around $43 million.
He also pointed to the Production Sharing Agreement (PSA), estimated at approximately $1 billion, aimed at supplying gas to the Temane Thermal Power Plant (CTT), and noted discussions on the construction of a liquefied natural gas (LNG) terminal, considered strategic for strengthening regional energy integration and meeting growing energy demand in Southern Africa.
Separately, Varun Beverages Zimbabwe & East Africa CEO Vijay Behel expressed interest in expanding the company’s investments into Mozambique, focusing on dairy products, soft drinks, bottled water, and juices linked to the PepsiCo portfolio.
According to Behel, the meeting with President Chapo provided an opportunity to present a strategic vision focused on sustainable growth and strengthening production and distribution capacity in the Mozambican market.
“We are very pleased because the Head of State conveyed to us the message that Mozambique is open for investment. We are excited and hope to start this business soon,” Behel said, adding that the proposal will be submitted to management bodies to mobilize the necessary resources for implementation.
Philip Morris International also reiterated its interest in strengthening economic ties with Mozambique, praising the country’s efforts to improve the business environment and attract foreign capital.
Source: Diário Económico
