Angolan billionaire Agostinho Kapaia's Opaia Group eyes expansion into Mozambique and DR Congo

Angolan billionaire Agostinho Kapaia is steering Opaia Group beyond Angola. In a statement announcing the move, the chairman of one of the country's leading diversified business groups said Opaia plans to expand into two new African markets, Mozambique and the Democratic Republic of Congo, calling them "natural next steps" in its strategy to build a stronger industrial footprint across the continent.

According to the release, the push into Mozambique follows a recent meeting in Luanda between Kapaia and Mozambican President Daniel Chapo. The talks confirmed Mozambique as a priority market for Opaia's next phase of growth, the group said, with a particular focus on industrial investment and partnerships with local entrepreneurs and institutions.

The statement said Opaia has also identified the Democratic Republic of Congo as a strategic market, citing its scale, resource base, infrastructure needs and industrial potential. The group is advancing its market-entry work to identify concrete investment opportunities and credible local partners, according to the announcement.

Opaia plans to carry its expertise into both markets through its five business units, spanning fertilizer, automotive, engineering and construction, mining and finance. That combination of industrial know-how, project-development capability, financing strength and a long-term investment approach can accelerate industrialization, job creation and sustainable growth where "African-led execution" leads the way, the release said.

The plans reflect what the group described as a vision of "investing in Africa, with Africa and for Africa," working alongside partners who share the continent's long-term ambitions. Opaia said it believes the next phase of African growth will be driven by industrial capacity, regional integration, African capital, local partnerships and projects that create measurable value across borders.

"Our ambition is clear: Opaia is building an African industrial platform with the capacity to invest, execute and partner across borders," Kapaia said in the statement. "Mozambique and the Democratic Republic of Congo are natural next steps in that strategy." He added that the group intends to support industrial transformation "in markets where there is strong alignment between national priorities, private investment and credible local partnerships," and expects to share updates as specific opportunities progress.

Established in 2002, Opaia Group operates across fertilizer, automotive, engineering and construction, mining and finance. It also runs the Opaia Foundation, which promotes entrepreneurship and opportunity for young people across Africa.