Management of French business groups with investments in Mozambique on Monday expressed commitment to continuing to invest in the Mozambican market, and professed themselves confident that security in Cabo Delgado would be restored.

During his three-day visit to France, President Nyusi on Monday met French investors with concrete projects or interests in exploring the Mozambican market.

Technip is the main contractor for offshore gas exploration operations in Rovuma Basin Area 1, and will share logistics facilities with Total, the leader of the consortium, with an investment estimated at around US$20 billion, plus those of Mozambique Ports and Railways (CFM). CEO Arnaud Pieton assured the Mozambican head of state that Technip was confident that security in Cabo Delgado would be restored.

“We received guarantees from the Government of Mozambique that everything is being done to restore security, and this is a fundamental condition for projects to be developed quickly,” Pieton said at the end of the meeting.

“Mozambique is a very important country, due to the very important projects that we are developing, which include the development of human capital,” Pieton added.

The president also met Société Generale CEO Frédéric Oudea, who expressed the financial institution’s willingness to invest in the exploration of natural gas in the province of Cabo Delgado.

“I pledged the commitment of Societé Generale, a large bank with many interests in Europe and France, and we indicated that we are committed to maintaining our presence, financing development projects including those linked to the exploitation of natural gas being developed by Total,” Oudea declared.

The head of state also met Régis Arnoux, president of catering group CIS, which provides services in the hospitality sector as well as natural resources.

“We will accelerate these investments as soon as the situation is normalized, with respect to terrorist attacks. We are going to accelerate the projects we have in our portfolio,” Arnoux promised.

President Nyusi also met President Cyril Ramaphosa of South Africa, but no statement was made to journalists at the end of the meeting.