The top three finishers in the Absa Premiership and the Nedbank Cup champions qualify for African football.
United ended 2017 in mid-table with 19 points from 15 games, and will contest their first match of the year against AmaZulu at King Zwelithini Stadium on Sunday (15h30).
"We want to be number four at the end of the season. Our dream is to go and participate in Africa," Mpengesi tells KickOff.com.
"Even that too, we are not just saying we want to go and win but we want to go and get a taste of Africa so that we experience life there.
"In actual fact Chippa United, we want to be a team member in Africa whether it's Confed or Champions League, like what you see with Mamelodi Sundowns and like what you see with the Barcelona and Real Madrids of this world... They are permanent members of the UEFA Champions League.
"So, we want to be permanent members in Africa and it is why we beefed up our squad and our technical team."
Chippa recently sold Menzi Masuku to Bloemfontein Celtic and traded Phetso Maphanga and Diamond Thopola to Orlando Pirates for Thabo Rakhale, in addition to signing Mxolisi Machupu and Linda Mntambo from National First Division side Jomo Cosmos.
Roger Sikhakhane, who promoted the now-defunct Thanda Royal Zulu to the PSL last season, has also returned to the Chilli Boys for a fourth stint to serve head coach Teboho Moloi as a technical director.