Mozambique's Energy Potential Crucial for Attracting New Investments

Maputo — The Mozambican Finance Minister, Carla Louveira, believes that the country's energy potential is crucial for attracting new investments. Speaking on Wednesday at the "Infra for Africa" High-Level Meeting, taking place in Dar es in Salaam, simultaneously with Africa 50 General Assembly, Mozambique's significant potential in the natural gas, renewable energy, and critical minerals sectors assets place the country in a prime position to attract investment and accelerate the energy transition. "We have made our information available to this platform so that more investment can be channeled into Mozambique", she said. According to the minister, the government is committed to ensuring universal access to electricity by 2030, a goal covering the country's approximately 33 million citizens through the expansion of the power grid and the diversification of the energy mix. Follow us on WhatsApp | LinkedIn for the latest headlines The country, she said, is increasing the use of natural gas for domestic and vehicular purposes while simultaneously promoting electric vehicles, as part of a strategy to strengthen energy security and drive sustainable development. She added that African countries must find alternative financing mechanisms to address the limitations imposed by shrinking fiscal space for infrastructure investment. "We are exchanging experiences with the aim of achieving the common goal of African countries, which is to find new forms of financing to meet the challenge of reduced fiscal space for infrastructure investment," she said. The minister also said that Africa50 serves as a strategic platform to promote major infrastructure projects and strengthen investment partnerships. Read the original article on AIM . AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals , representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica . To address comments or complaints, please Contact us . AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 90 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Get the latest in African news delivered straight to your inbox By submitting above, you agree to our privacy policy . We need to confirm your email address. To complete the process, please follow the instructions in the email we just sent you. There was a problem processing your submission. Please try again later.