Mozambique Secures $500 Million Credit Line from UAE

Mozambique's President Daniel Chapo has announced that his recent visit to the United Arab Emirates resulted in a significant agreement between Mozambique and the Abu Dhabi Development Fund. The agreement includes a $500 million credit line to support various development projects in Mozambique. This credit line is expected to finance investments in key sectors such as tourism, energy, labor cooperation, space exploration, railway transportation, and solar energy projects.

The agreement was signed during President Chapo's visit to the UAE, where he also participated in a business forum with Abu Dhabi-based companies. The forum provided a platform for Mozambican and UAE businesses to explore potential investment opportunities in Mozambique. Several UAE companies expressed interest in investing in Mozambique's strategic sectors, and bilateral meetings were held with entrepreneurs interested in exploring opportunities in the country.

President Chapo invited UAE business leaders to attend the International Conference on Investments in Mozambique, scheduled for December 9-10, 2026, in Maputo. The conference aims to provide a platform for investors to gain a deeper understanding of Mozambique's business environment and establish partnerships with the public and private sectors. The President emphasized the government's commitment to supporting the implementation of agreements and ensuring that investments translate into productive projects, job creation, and the development of Mozambique's potential.

The $500 million credit line from the Abu Dhabi Development Fund is expected to play a significant role in supporting Mozambique's economic development. The funds will be used to finance projects in key sectors such as energy, tourism, and transportation. This agreement is seen as a major breakthrough in Mozambique's efforts to attract foreign investment and stimulate economic growth.

President Chapo's visit to the UAE also highlighted the importance of cooperation between Mozambique and the UAE in areas such as labor and space exploration. The two countries have identified areas of mutual interest and have agreed to work together to promote cooperation and understanding. The visit has been seen as a success, with several agreements and MoUs signed between the two countries.

The Mozambican government has expressed its commitment to ensuring that investments in the country benefit local communities, particularly the youth, women, and people with disabilities. President Chapo emphasized that the government will continue to monitor the implementation of agreements and ensure that they translate into tangible benefits for Mozambicans.

The International Conference on Investments in Mozambique, scheduled for December 9-10, 2026, is expected to attract investors from around the world. The conference will provide a platform for investors to engage with Mozambican businesses and government officials, and to explore opportunities in various sectors. The event is seen as a major opportunity for Mozambique to showcase its investment potential and attract foreign investment.

Key points

• Mozambique secures $500 million credit line from UAE's Abu Dhabi Development Fund to support development projects.