LUSA 05/26/2026

Lusa - Business News - Mozambique: Nearly €180M for development projects ahead of EU business forum

Maputo, May 25, 2026 (Lusa) – Antonino Maggiore, the European Union (EU) ambassador to Mozambique, said on Monday that preparations for June's business forum in Maputo have secured €178 million in investments for essential sectors, including energy and agribusiness.

The ambassador said Mozambican and European companies have confirmed these investments as the first results and key projects ahead of the second Mozambique-European Union Business Forum (Global Gateway) and the fifth Renewable Energies in Mozambique Business Conference (RENMOZ), scheduled for 9 to 12 June.

The diplomat said the two events, which 300 companies have confirmed, would focus on “investment to impact: business, energy and implementation.”

He added that partners have signed a €40 million investment for electricity access and €28 million for digital transformation in Mozambique, including technical training.

Education for a “Green and Digital Future” secured a €50 million investment, including technical training, while the agribusiness and sustainable value chain development sector received €60 million.

He said the forum would focus on robust economic partnerships, private sector involvement and inclusive growth, adding that he expected a real impact from “quality European investments to support green industrialisation in Mozambique.”

“The forum is not, and will not be, a meeting for debates. We work to ensure it is a platform for results, tangible investments, projects, implementations and new opportunities within our partnership,” Antonino Maggiore said, noting the presence of Mozambique's president, Daniel Chapo, representatives from member states, the European Commission, business missions and European financial institutions.

He explained the forum would also focus on connectivity, digital transformation and innovation, focusing on the importance of the Nacala corridor in the north, the Beira corridor in the centre, and the Maputo corridor in the south.

He also pointed to RENMOZ, Mozambique's largest renewable energy business conference, which takes place alongside the Mozambique-European Union Business Forum, and said he expected clear results during the conference from 11 to 12 June.

These results include launching a €50 million tender for the private sector on mini-grids and finalising an €80 million European Union-funded award for solar power plants in Tete, in the centre, and Niassa, in the north.

Mozambique's economy minister, Basilio Muhate, said the events were important because the investments would create more jobs for young people, and he challenged European companies to set up more factories to turn the country into an energy hub.

“We want these companies to change from resource buyers to partners in the structural transformation of our economy, in the industrialisation we are carrying out,” Basilio Muhate said, adding that they must move from project executors to integrators of small and medium-sized enterprises (SMEs).

The minister said it was important for investors to turn large companies in Mozambique into anchors in the productive value chain, expecting more technology and exports with the "Made in Mozambique" certification label as a result of this partnership.

The country’s president requested EU investment in the energy sector during a visit to Brussels in March, stating that this was the way to establish 4 million new connections, accelerating universal access to electricity in the country by 2030.

 

VIYS/LYT // AYLS

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