Mozambique: Banks cut benchmark interest rate to 18% in May
UK Joins AGIA Fund to boost green infrastructure and inclusive growth in Mozambique and across Africa
6:42 CAT | 14 Aug 2025
Photo courtesy: British High Commission in Mozambique
On Wednesday, Maputo hosted the 2025 Annual General Shareholders Meeting (GSM) of Africa50, opened by His Excellency Daniel Francisco Chapo, President of the Republic of Mozambique. The event brought together Heads of State, Ministers of Finance, leaders from the local and international financial community, and key players in infrastructure development.
During the meeting, the United Kingdom signed a commitment to support the Project Development Fund of the Alliance for Green Infrastructure in Africa (AGIA-PD). This strategic alliance aims to deliver tangible benefits to communities in Mozambique and across Africa by creating jobs, improving public services, and strengthening climate resilience. By supporting early-stage project development, AGIA-PD helps advance infrastructure initiatives that respond to local priorities and attract long-term investment.
Mozambique, as a shareholder in Africa50, is well-positioned to benefit from AGIA-PD’s support for green and inclusive infrastructure aligned with national development goals. The fund will unlock investment in sectors critical to climate-resilient and inclusive growth, including renewable energy, sustainable transport, digital connectivity, and water, sanitation, and hygiene (WASH).
The UK joins AGIA-PD as a founding investor, committing £10 million to expand the pipeline of green infrastructure projects. This investment reflects the UK’s broader commitment to sustainable development across Africa, including in Mozambique, through partnerships that promote climate action, economic growth, and improved access to essential services.
UK Minister for Development, Jenny Chapman, stated:
“We’re partnering with countries to unlock private investment in the places hardest hit by climate change. This is good news for local communities, helping create growth, and for the UK. Today’s investment will support African-led projects like solar farms and water treatment plants, helping build stronger economies that can better withstand climate shocks.”
Africa50 CEO Alain Ebobissé, speaking at the GSM in Maputo, said:
“Since the unveiling of the initiative at COP27, AGIA has moved from ambition to execution. This first close of the AGIA Project Development Fund is a powerful testament to that progress. By unlocking early-stage capital, AGIA will accelerate the development of bankable green infrastructure projects, strengthen local capacity, and pave the way for a more sustainable, resilient, and prosperous Africa.”
British High Commissioner to Mozambique, Helen Lewis, added:
“The UK is proud to support AGIA-PD as a strategic platform to accelerate Africa’s green transition. Mozambique’s role as a shareholder in Africa50 makes this partnership especially meaningful. By investing in early-stage development, we’re contributing to infrastructure that delivers meaningful impact.”
AGIA-PD’s first close, announced during the Africa50 GSM in Maputo, reached US$115 million, with contributions from a coalition of public, private, and philanthropic partners.
This initiative underscores the UK’s ongoing commitment to working with Mozambican and African partners to build a greener, more inclusive future.
The 🇬🇧 UK 🇬🇧 is partnering with 🇲🇿 Mozambique 🇲🇿 & 32 African countries investing for growth
Getting 💚 green 💚 infrastructure projects ready for large-scale private sector investment, jobs & better services for all 👏🏿👏🏿👏🏿 #GoFarGoTogether @Africa50Infra @AfDB_Group https://t.co/qP7rwGHXB9 pic.twitter.com/MidvndBXLW
— Helen Lewis (@HelenLewis_UK) August 13, 2025
Source: British High Commission in Mozambique
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