US energy firm Anadarko plans to invest $25 billion (22 billion euros) in developing gas reserves off the northern coast of Mozambique.

“This is the largest foreign direct investment in the history of our country,” President Filipe Nyusi said at a ceremony with Anadarko executives.

The investment is the latest chapter of what Mozambique hopes will become a tale of economic rebirth after gigantic gas reserves were discovered at the beginning of the decade off the northern Cabo Delgado province in the southeast African nation.

Source: France24