Chelsea Group has faith in its future in Mozambique

son of Sebastiao Mabote.jpg

Chelsea Group Mozambique, the Maputo subsidiary of the energy and security company Chelsea Group, founded in 1999 by Richard Westbury (a former member of the British Special Air Services, SAS), has just effected a capital increase.

From a paltry initial capital of MT20,000 (€348), the company has raised its equity to MT20 million (€174,000). The firm is now 49% owned by Westbury in person and 51% by Chinguane Sebastiao Marcos Mabote.

The latter is the son of Sebastiao Mabote, a senior commander of Frelimo at its independence in 1987.

Mabote founded the electricity installation company Lumininoc in 2006 with two brothers of former president Armando Guebuza. Later, in 2009, he formed investments portfolio management company Grupo Hushaka.

Chelsea Group is also present in Mozambique via its subsidiary Hart Integrated Solutions, which has operated in Maputo since 2014. One of Hart’s shareholders is South African Thomas Fletcher Naude, a former British Navy diver, parachute officer and intelligence agent.

Source: Africa Intelligence
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