Mozambique invites Russian firms to invest
President Daniel Chapo seeks Russian investment in agriculture, industry, and energy sectors for economic diversification.
Mozambican President Daniel Chapo has invited Russian companies and investors to explore opportunities in Mozambique, emphasizing mutual benefit. Speaking at the Russia-Africa Summit, Chapo stated the country aims to build a diversified economy that generates jobs, particularly for its young and female population.
Chapo highlighted mechanised agriculture, industry, infrastructure, transport, logistics, energy, tourism, digital transformation, and the blue economy as priority areas for Russian cooperation. He also advocated for stronger collaboration in education, technical training, health, and scientific research, aiming for investments that create lasting national capacity.
The Mozambican leader also called for enhanced international cooperation with Russia to combat terrorism, organised crime, money laundering, and cyber threats. He stressed that the summit's action plan should have clear priorities and effective monitoring to ensure consistent cooperation between Russia and African nations.
Why it mattersMozambican President Daniel Chapo is seeking foreign investment from Russian companies to develop key economic sectors and create jobs.