May 19, 2024 3:11 pm
Mozambique prepares to revamp economy with natural gas reserves under new leadership – Firstpost

Mozambique, a country known for its poverty, is making an effort to convince TotalEnergies to resume a $20 billion natural gas export project. The nation is seeking to revitalize one of Africa’s largest-ever investments and improve its economy.

The ruling party in Mozambique, Frelimo, has chosen an unexpected candidate, Daniel Chapo, as its presidential nominee for the upcoming elections in October. Chapo is a lawyer and former radio host who currently serves as the governor of the province of Inhambane. He has not held a position in the national government before but was selected by Frelimo to replace President Filipe Nyusi as its flagbearer.

Despite being a strong candidate, Chapo faces challenges in leading Mozambique as the country deals with security concerns and allegations against TotalEnergies. The natural gas export project was halted in 2021 due to attacks by Islamic State-affiliated rebels in the province of Cabo Delgado, resulting in hundreds of deaths. While there have been positive signs of progress, intermittent attacks continue to pose a threat.

French prosecutors are also investigating allegations of involuntary manslaughter against TotalEnergies for failing to protect its subcontractors adequately. Nyusi has expressed frustration over the delays in accessing Mozambique’s vast gas reserves.

Chapo will need to address these issues and assure stakeholders that doing business in Mozambique is safe. As the country navigates these challenges, the success of the natural gas project is crucial for its economic development and stability.

In conclusion, Chapo will need to demonstrate his leadership skills and make tough decisions if he wants to successfully lead Mozambique through these challenges. His ability to address security concerns and resolve legal disputes will be critical if he hopes to revitalize one of Africa’s largest-ever investments and improve his country’s economy.

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