Mozambique and EU sign agreements budgeted at €178 million — AIM report

The Mozambican government and the European Union (EU) International Partnerships have signed financing agreements budgeted at €178 million (US$205.7 million at the current exchange rate). The agreements, which are part of the European Global Gateway Initiative and the 2nd Mozambique-European Union Business Forum, were signed on Tuesday by the Minister of Foreign Affairs, Maria Lucas, and the Deputy Director-General for International Partnerships at the European Commission, Myriam Ferran. Big step on our partnership!

At the Moz-EU Business Forum🇲🇿🇪🇺, 4 major agreements totalling €178M signed under the#GlobalGateway:⚡ €40M: Clean energy & electricity access💻 €28M: Digital inclusion for women🎓 €50M: Youth skills🌱 €60M: Green agribusinessNext: Action!pic.twitter.com/amfFQldAcl The investment will cover the sectors of energy, education for a green digital future, digital transformation, environmental and social sustainability. The project on Access to Energy in Mozambique is estimated at €40 million, with contributions from the EU, Belgium, Sweden, Norway, the World Bank and the Green Climate Fund. The project on Education and the Digital Future, aimed at expanding access to education and vocational training, is budgeted at €50 million, disbursed by the EU and the German Development Bank.

The Digital Transformation Initiative, aimed at expanding sustainable internet access across the country, is budgeted at €28 million, with contributions from the EU, Italy and the private sector through the European Investment Bank. In the sectors of Agriculture and Social Sustainability, the total cost is €60 million. Of this amount, approximately €50 million comes from the EU and the remaining €10 million from the Netherlands.

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Speaking during the event, Mozambican President Daniel Chapo said that the EU remains one of Mozambique’s main economic and trading partners, playing a crucial role in development financing. “With abundant natural resources, well-established logistics corridors, a predominantly young population and privileged access to critical minerals, as well as regional and global markets, Mozambique is progressively establishing itself on the world stage as a strategic hub for investment, production, trade, digitalisation, industrialisation and regional integration in Southern Africa,” Chapo said.

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