Wednesday, October 28, 2020

ExxonMobil to Provide $3 Million to USAID Programs in Mozambique

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

ExxonMobil and the United States Agency for International Development (USAID) said today that ExxonMobil will provide $3 million to USAID to design and administer programs that improve social and economic development in Mozambique.

The collaboration was announced by Administrator Mark Green at the 2019 Corporate Council on U.S.-Africa Business Summit.

“This effort will leverage the combined expertise and capabilities of USAID and ExxonMobil to implement sustainable programs that lead to improved quality of life,” said Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company.

USAID will apply its experience and strong expertise to promote stability, governance and development initiatives tailored to help community needs. USAID is committed to deepening collaboration with the private sector in areas ranging from economic growth, energy, agriculture and global health to humanitarian assistance, women’s empowerment and education.

Since 2018, ExxonMobil has invested more than $3 million in community programs that promote improved education, health care, family empowerment, agriculture and biodiversity conservation across Mozambique. These contributions include more than $400,000 in emergency assistance efforts in response to cyclones Idai and Kenneth.

ExxonMobil holds a 25 percent indirect interest in Mozambique Area 4 concession and will lead the construction and operation of the future onshore natural gas liquefaction facilities in Cabo Delgado’s Agfungi peninsula. In addition, ExxonMobil holds joint rights to operate the Angoche basin (A5-B) and the Zambezi Delta (Z5-C and Z5-D) concessions.

Read also: ExxonMobil to Invest upto $100 Million on lower-emissions R&D with U.S. National labs

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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