Energy Policy & Regulation

Qatari investment firm Al Mansour Holding has signed a $20 billion partnership agreement with the government of Mozambique to support key sectors such as energy and agriculture, according to a statement from President Daniel Chapo’s office. The deal is part of Mozambique’s broader strategy to attract foreign investment in vital areas of development and economic growth. Al Mansour Holding’s involvement signals growing Gulf interest in Africa’s untapped potential and development opportunities.

The Mozambique deal is the latest in a flurry of Al Mansour Holding investments across Africa. In just the past two weeks, the firm has announced similar agreements in the Democratic Republic of Congo, Zambia, and Botswana. This aggressive investment strategy aligns with a broader trend of Middle Eastern companies and governments deepening their footprint across Africa, competing with global players like China and the United States for strategic partnerships and resource access.

Africa's vast arable land, limited infrastructure, and abundance of critical minerals essential for the global transition to renewable energy have made it an attractive destination for international investors. Al Mansour Holding’s chairman, Sheikh Mansour bin Jabor bin Jassim Al Thani, emphasized the firm’s long-term commitment to the continent, saying, “We are not here to compete, we are here to complement. We are not here to take, we are here to build,” following a meeting with President Chapo on Tuesday.

In addition to its African investments, Al Mansour Holding announced earlier this week that it had acquired a 19.9 percent stake in Australia’s Invictus Energy. The move is intended to help finance a major gas project in Zimbabwe, reinforcing the company’s regional strategy. Meanwhile, in Zambia, President Hakainde Hichilema revealed on August 18 that Al Mansour had pledged $19 billion in investments—underscoring the firm’s sweeping financial commitment across the African continent.