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Mozambique: Chapo discusses investment with World Bank
7:08 CAT | 15 Sep 2025
Photo: Presidency of the Republic of Mozambique
The Deputy President of the World Bank for Eastern and Southern Africa, Ndiame Diop, on Friday declared that the Bank is committed to supporting urgent and strategic sectors in line with Mozambican development.
Speaking at a press briefing in Maputo shortly after an audience granted by Mozambican President Daniel Chapo, Diop said those strategic sectors included agriculture, energy and tourism.
President Chapo, Diop said, “told us his vision of what is needed for agricultural development. There are large investments that can reach Mozambique in the coming years estimated at around 50 billion dollars, which is a great deal of money, but the President insisted on the need to develop agriculture, agribusiness and tourism to create jobs, and we agreed with him. It is fundamental to create jobs, and the employment agenda should be at the centre of everything we do”.
“We are committed to supporting these sectors”, added Diop, “and with a sensation of urgency”.
Diop said that his visit to Maputo is intended to continue the agreements made with World Bank President Ajay Banga, during his visit last July.
The priorities, he continued, included the Maputo, Beira and Nacala transport corridors which would be critical for Mozambique’s development. To achieve these targets, it was also necessary to empower the work force to develop the skills that private business will need for its investments in these key sectors.
“We also discussed some of the fiscal conditions and challenges that Mozambique is facing in agriculture”, declared Diop.
Source: AIM
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