Angolan billionaire Agostinho Kapaia announces plans to bring OPAIA Group into Mozambique

Agostinho Kapaia, founder and chief executive of Angola's OPAIA Group, has announced plans to bring his diversified conglomerate into Mozambique, targeting the construction, energy, water, industry and fertilisers sectors after a meeting with Mozambican President Daniel Chapo on the sidelines of the Global Tourism Forum Investment Summit in Luanda.

Kapaia said OPAIA Group intends to establish a permanent presence in Mozambique, including opening a local office and registering a Mozambican subsidiary. He said the group wants to work alongside local business partners rather than operate in isolation. "We were recently in Mozambique and we will naturally create an office in the country," Kapaia told reporters on June 17. "We want to open a company in Mozambique and find Mozambican businesspeople to develop partnerships with."

The announcement came as Chapo attracted a wave of investment interest from Angolan and Emirati business leaders at the Luanda summit, where he held separate meetings with leaders of international organisations and private sector figures who expressed interest in Mozambique's development plans across tourism, infrastructure, industry and human resources training.

OPAIA Group is one of Angola's most prominent conglomerates, founded by Kapaia in 2002 in Luanda after he was born in Huambo. The group operates across civil construction, solar energy, drinking water systems, hospitality and tourism, agriculture, automotive assembly and financial services, with offices in Lisbon, São Paulo, Guangzhou and Miami in addition to its Luanda headquarters. In January 2026, OPAIA inaugurated an automotive industrial complex in Luanda's Special Economic Zone capable of assembling up to 1,000 buses and 22,000 light vehicles per year, including electric and hybrid models, employing 1,500 young Angolans at launch. Kapaia described the complex at the time as the beginning of a new chapter for Angola's automotive industry.

The group has grown substantially through public contracts in Angola, accumulating approximately $1.3 billion in state-awarded work over a two-year period, according to previous reporting. Contracts have included a credit line for a paediatric hospital, a water treatment system, a fertiliser factory and upgrades to public infrastructure, alongside a $350.8 million presidential order for 600 buses. The scale of the group's state contracts has attracted public scrutiny in Angola, with anti-corruption campaigner Rafael Marques of Maka Angola raising questions about procurement procedures in letters to President João Lourenço. Kapaia and OPAIA Group have not been convicted of any wrongdoing.

Kapaia, who studied at London Business School, praised the business environment promoted by the Mozambican government and said OPAIA's expansion plans reflect the broader opportunity he sees in Mozambique's economic development trajectory. His comments echoed those of other investors who met Chapo in Luanda. Konstantinos Grigorakis, another business leader at the sideline meetings, said the investor mission to Mozambique was a direct consequence of prior contacts between the presidents of the United Arab Emirates and Mozambique, and described Chapo's governance plan as impressive with the potential to produce rapid results.

Mozambique is emerging as an investment destination for Southern and Central African capital as its natural gas developments and infrastructure investment needs attract both regional and international attention. For OPAIA, the Mozambican push would extend a regional footprint that already covers multiple African countries, deepening the group's pan-African ambitions beyond its Angolan base.