Maputo, Feb. 4, 2026 (Lusa) - The Mozambican prime minister said in Dubai on Wednesday that security conditions are improving, with the country moving forward in strengthening its regulatory framework to attract more investment in a continent that remains "undervalued".
"Security conditions are improving. Regulatory frameworks are being strengthened. Projects are being structured to meet the expectations of long-term global investors, not short-term speculation. And capital is responding," said Mozambique's prime minister Maria Benvinda Levi at the launch of the Global Investment Summit in Africa, taking place in Dubai, United Arab Emirates.
Quoting a message from the Mozambican head of state, the Mozambican prime minister pointed to the resumption of construction of the Mozambique LNG consortium's LNG production and export project in Afungi Bay, which had been suspended since April 2021, when TotalEnergies invoked the “force majeure” clause due to terrorist attacks.
She also pointed to ExxonMobil, which announced in November that it had lifted the “force majeure” declaration for the natural gas megaproject in Cabo Delgado, an essential step towards the Final Investment Decision (FID), scheduled for 2026.
"These actions are not declarations of intent. They are signs of execution. Through the Global Investment Summit in Africa, Mozambique will go further, transforming sovereign assets into bankable, transparent investment portfolios aligned with global return expectations," said the prime minister.
According to the Prime Minister, Africa has extraordinary sovereign assets such as energy, infrastructure, land, water, minerals and human capital, yet "they remain undervalued, poorly structured and insufficiently leveraged," noting that they have not been systematically organised, governed and mitigated in terms of risk to meet global investment standards.
Therefore, for the leader, the summit is an opportunity for the continent to assert itself globally through its resources, thereby attracting more investment for development.
"Mozambique is open for business, not as a promise, but as a choice, as a policy, as a purpose. With the Global Investment Summit on Africa, we have redefined Africa as a destination of scale, stability and sustainable returns. Let's build this future together," Levi appealed.
The gas-rich province of Cabo Delgado has been the target of extremist attacks for eight years, with the first attack recorded on 5 October 2017 in the district of Mocímboa da Praia, with incursions also recorded in the province of Niassa, also in northern Mozambique.
The ACLED organisation previously estimated that the Mozambican province of Cabo Delgado recorded six violent events in two weeks involving Islamic State extremists, which caused at least three deaths, bringing the total number of deaths since 2017 to 6,432.
According to the latest report by the Armed Conflict Location and Event Data Project, of the 2,310 violent events recorded since October 2017, when the armed insurgency began in Cabo Delgado, 2,146 involved elements associated with Islamic State Mozambique (EIM).
These attacks have caused 6,432 deaths in eight and a half years, according to the new report, including the three victims reported in this period of less than two weeks.
The report highlights that ISIM, during this period under review, "carried out a rare mortar attack on Rwandan positions in Macomia," amid "continuous clashes" with Rwandan forces supporting the Mozambican military in combating insurgent groups in Cabo Delgado province.
PME/ADB // ADB.
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