Mozambique: Businesses Challenged to Transform Major Investments Into Opportunities for All
2 Articles
2 Articles
Mozambique: Businesses Challenged to Transform Major Investments Into Opportunities for All
Maputo -- Mozambican President Daniel Chapo has challenged businesses and decision makers to ensure that growth driven by major investments, particularly in the extractive sector, translates into opportunities for all through job creation.
The Mozambique LNG project, led by the French giant TotalEnergies, is presented as a development lever for one of Africa's poorest countries. With an investment of $20 billion, it promises major economic benefits, including 7,000 direct jobs and $4 billion in contracts for local companies. Yet, behind these attractive figures, the project is increasingly contested because of its human cost and economic tensions with the Mozambican state. Financi…
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