Qatar’s Al Mansour Holding Signs $20B Deal with Mozambique, Expands in Africa
Qatari company Al Mansour Holding has signed a $20 billion agreement with Mozambique to invest in key areas like energy, farming, health, education, tourism, and infrastructure. The goal is to create jobs and bring long-term benefits for local communities.
The deal was signed on Tuesday by Mozambique’s Office of Reforms and Strategic Projects and a representative of Sheikh Mansour bin Jabor bin Jassim Al Thani, the chairman of Al Mansour Holding. Sheikh Mansour said the projects show a strong partnership between Africa and the Middle East and will help drive sustainable growth.
Oil and Gas Plans
Al Mansour Holding will also buy a 19.9% stake in Australian company Invictus Energy for $24.5 million. The Qatari firm has promised up to $500 million in future funding to develop the Cabora Bassa gas project in Zimbabwe. The money will help start drilling at the Musuma-1 well.
A new joint company, Al Mansour Oil & Gas, will be set up with Invictus to buy oil and gas assets across Africa. Surveys show the Cabora Bassa Basin could hold 2.9 trillion cubic feet of gas and 184 million barrels of condensate. The Mukuyu gas field, discovered in 2023, is considered one of the largest finds in Sub-Saharan Africa.
Qatar’s Wider Africa Investments
This deal is part of Qatar’s growing investments across Africa. Recently, Al Mansour Holding signed similar agreements in the Democratic Republic of Congo, Zambia, and Botswana. African countries are attracting investors from the Middle East, China, and the US because of their farmland, minerals, and energy resources.
In Zambia, President Hakainde Hichilema said earlier this month that Al Mansour Holding has committed $19 billion in new investments.
Published: 28th August 2025
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