Qatari investment group Al Mansour Holding has signed a $20 billion partnership with Mozambique to channel capital into priority sectors including energy and agriculture, the presidency said.
The deal extends a rapid Africa push by Al Mansour, which has unveiled agreements in the Democratic Republic of Congo, Zambia and Botswana over the past two weeks.
Earlier Wednesday, the firm—led by Sheikh Mansour bin Jabor bin Jassim Al Thani—said it acquired a 19.9% stake in Australia’s Invictus Energy to support a gas venture in Zimbabwe.
“We are not here to compete, we are here to complement. We are not here to take, we are here to build,” Sheikh Mansour said after meeting President Daniel Chapo on Tuesday, adding the group is in Africa for the long haul.
Zambian President Hakainde Hichilema announced on Aug. 18 that Al Mansour had pledged $19 billion of investment in Zambia.