Qatar’s Al Mansour Holdings to Invest $103 Billion in Africa

Al Mansour Holdings, one of Qatar’s largest conglomerates, has unveiled a sweeping $103 billion investment plan across six African nations, in what stands as one of the Gulf’s boldest economic forays into the continent.

The Democratic Republic of Congo will receive the largest allocation at $21 billion, followed by Mozambique with $20 billion. Zambia and Zimbabwe are each set to secure $19 billion, while Botswana and Burundi will take in $12 billion apiece.

The move is anchored in Qatar’s National Vision 2030, which seeks to reduce reliance on hydrocarbons—still accounting for about 60% of GDP—by expanding into finance, services, tourism, and technology. Africa’s mineral wealth, arable land, and growing labor force make it a natural partner in this diversification push.

Qatari firms already maintain a presence in African aviation, telecoms, and energy. The Al Mansour plan builds on these ties and mirrors a broader Gulf strategy, as Saudi Arabia, the UAE, and other states deepen African investments to secure food supplies, minerals, and geopolitical influence.

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For Africa, the capital inflow promises infrastructure upgrades, job creation, and financial access, though execution risks remain. Foreign direct investment into the continent surged 75% in 2024, far outpacing global averages—driven heavily by Gulf financing.

Earlier Qatari ventures, such as Qatar Airways’ stake in Rwanda’s airport and partnerships in banking and telecoms, laid the groundwork for these larger commitments. Al Mansour’s portfolio is strategically aligned: channeling energy expertise to mineral-rich economies, funding underdeveloped infrastructure, and reinforcing Gulf food security agendas.

The UAE’s $10 billion clean energy pledge to Saudi-led projects in South Africa, shows Africa’s growing role in Gulf Vision 2030 blueprints.