Mozambique’s private sector intensified efforts this week to attract American investment with the holding of the US-Mozambique Business Forum, an initiative that brought together entrepreneurs, investors and institutions from both countries to promote new commercial partnerships and strengthen economic cooperation across strategic sectors, the Mozambique Information Agency reported on Tuesday, 4 August.
Organised by the Confederation of Economic Associations of Mozambique (CTA) in partnership with the Texas-Africa Chamber of Commerce (TXACC), the Embassy of Mozambique in the United States, and the Investment and Exports Promotion Agency (APIEX), the event took place in Houston as part of a Business Mission to the United States, which has convened more than 30 Mozambican business executives between 3 and 7 August.
At the opening of the forum, Mozambique’s Ambassador to the United States, Alfredo Nuvunga, stated that the country has the conditions to establish itself as one of Africa’s leading investment destinations, highlighting its strategic location, natural resources, energy potential, critical minerals, extensive agricultural land, and a predominantly young population.
“The commitment is to transform these assets into industrialisation, job creation and shared prosperity.”
Nuvunga also pointed to Houston as an example of development built on innovation, private investment and consistent public policy, arguing that Mozambique can follow a similar trajectory by leveraging its resources and deepening international cooperation.
Speaking on behalf of the CTA, the organisation’s vice-president, Onório Manuel, stressed that the business mission goes beyond the pursuit of financing, seeking instead to establish strategic alliances that can help accelerate industrialisation and increase the participation of domestic companies in global value chains.
According to the CTA vice-president, Mozambique offers relevant competitive advantages, notably through the logistics corridors of Maputo, Beira and Nacala, which provide privileged access to the markets of the Southern African Development Community (SADC) and the African Continental Free Trade Area (AfCFTA).
“Investing in Mozambique means participating in the construction of a more industrialised and integrated economy,” he said.
Onório Manuel also highlighted the current investment cycle in the energy sector, with particular focus on Liquefied Natural Gas (LNG) projects, including Rovuma LNG, arguing that these developments should serve as a driver to strengthen local content and develop supply chains led by Mozambican companies.
He took the opportunity to invite American investors to explore business opportunities in the country, assuring that the CTA would remain available to facilitate the establishment of business partnerships.
The president of the Texas-Africa Chamber of Commerce, Romuald Louyindoula Mayamona, said the forum represents a further step in deepening economic ties between Texas and Mozambique, building on contacts initiated during President Daniel Chapo’s visit to Houston in 2025.
For Mayamona, “the challenge now is to convert the interest expressed by business people and investors into concrete and lasting projects.”
During the forum, APIEX presented the legal framework applicable to foreign investment in Mozambique and identified business opportunities in sectors including energy, natural gas, mining, agro-industry, infrastructure, logistics, manufacturing, technology, tourism and local supplier development.
The business mission continues until 7 August with an agenda that includes bilateral meetings between companies, business roundtables and technical visits to some of the leading multinationals in the American energy industry.
Among the highlights of the programme are visits to ExxonMobil’s campus, where the delegation aims to deepen its understanding of opportunities linked to natural gas projects in Mozambique and the strengthening of local content, and to Halliburton, a reference company in oilfield services, with the objective of identifying opportunities for technological cooperation, knowledge transfer and the integration of Mozambican companies into the energy sector’s supply chain.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/?p=527164
