Portuguese companies are betting on expanding their business in Mozambique to increase revenues, with the business environment returning to normal after a "difficult situation" during the post-election protests.
"We expect to increase our network by the end of the year, adding units to the fuel and cooking gas distribution network], so we are growing our petrol station network by around 10% a year," the chairman of Galp Moçambique's Board of Directors, Paulo Varela, told Lusa.
He was speaking at the Maputo International Fair which the Portuguese oil company, which has been present in the country for almost 70 years, considers important for exhibiting products and seeking partnerships.
"Every year we have grown our network of petrol stations, we have a presence in all the provinces, and it is in this constant investment that we have made that we have invested a lot and have continued to develop our business at the service of the energy sector," he said.
Galp had a turnover of €300 million in 2024 and employs 2,000 people in Mozambique, with logistics terminals and 80 petrol stations for its products and plans to build 10 more.
Fill story Lusa - Business News - Mozambique: Portuguese firms to expand after 'difficult post-election times'
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