Roundtable on Africa’s energy future: Energy sector leaders discuss challenges and opportunities for sustainable development in Mozambique

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Roundtable on Africa’s energy future: Energy sector leaders discuss challenges and opportunities for sustainable development in Mozambique

4:10 CAT | 17 Feb 2025

File photo: CCMUSA

Last Thursday, February 13, the African Energy Chamber, in partnership with the Mozambique Energy Chamber and the Mozambique/USA Chamber of Commerce (CCMUSA), organized a round table under the slogan “Investing in Africa’s Energy Future”. The event brought together around 100 leading companies and experts from the energy sector such as Exxon Mobil, Total Energies to discuss the challenges and opportunities facing Africa on the road to sustainable development.

During the meeting, the president of CCMUSA, Onório Manuel, highlighted the importance of creating effective mechanisms to ensure that natural resources become an engine of economic development, rather than a curse, as has been the case in many parts of the world. In addition, he emphasized the need for the government to create local content laws that provide security and comfort for international investors, establishing clear benefits for local communities.

In conclusion, Onório Manuel explained that economic diversification from the extractive industry is the path that Mozambique should follow through investment in non-extractive sectors, such as the industrialization of the country.

For his part, the president of the Mozambican Energy Chamber, Florival Mucave, thanked the African Energy Chamber for choosing Mozambique to host this important event. Mucave defended the urgent need to increase production and speed up industrialization in the country in order to guarantee sustainable economic growth.

In conclusion, the president of the African Energy Chamber, NJ Ayuk, stressed the importance of collaboration between the public and private sectors in creating reforms and a favorable environment for promoting investment, which will consequently contribute to Africa’s economic development.