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Qatari Royal’s Africa Tour Nets $70 Billion in Southern Africa Pledges

Questions center on opaque terms, highlighted by the lone disclosed Invictus Energy deal.

Overview

  • Over a 10-day swing through Mozambique, Zimbabwe, Zambia, and Botswana, Sheikh Mansour bin Jabor bin Jassim Al Thani signed headline pledges totaling $70 billion.
  • Country announcements listed $20 billion for Mozambique, $19 billion for Zimbabwe including $500 million for a hydro project, $19 billion for Zambia, and $12 billion for Botswana.
  • Media tallies suggest the broader tour’s commitments could reach about $102 billion across six countries, with reported agreements also involving the DRC and Burundi.
  • The funds are slated to flow through Al Mansour Holding, which lacks a public track record and even a website, according to Semafor’s reporting.
  • One concrete transaction was disclosed: nearly 20% of Invictus Energy for $24.5 million plus up to $500 million in financing, a move that sent the microcap’s shares sharply higher.