Invictus Energy Drives Zimbabwe’s Oil & Gas Future with Landmark Investments and 2025 Expansion Plans

It has been a pleasure catching up with the Invictus Energy team in Harare this week! With another well planned for this year in a new play and Zimbabwe’s first 3D seismic survey, 2025 is set to be a pivotal year for both the company and our country.

Developing Zimbabwe’s emerging oil and gas industry demands vision, resilience, hard work, and determination - qualities that define our nation. A key milestone in this journey is the endorsement from the Mutapa Investment Fund, Zimbabwe’s sovereign wealth fund. Last year, Invictus Energy secured a two-stage share placement with local institutional investors, underwritten in part by MIF, to advance its Cabora Bassa oil and gas project in Muzarabani, northern Zimbabwe.

Invictus’ operations are driving economic growth by creating hundreds of direct and indirect jobs. More than 80% of its workforce is Zimbabwean, and seismic survey programs in 2021 and 2023 - conducted in partnership with Polaris Natural Resources - generated over 200 jobs for local communities. This is why I am passionate about our industry and the opportunities it brings to Africa.

I look forward to welcoming the Invictus Energy team to London in May for the Africa Energies Summit® | Africa’s Premier Global Upstream Conference | 13th - 15th May 2025. Scott Macmillan, Managing Director & CEO, will be speaking at the Summit, and we are proud to have Invictus Energy as a key Summit Partner. Additionally, I am delighted to announce that Simba Chinyemba, CEO of the Mutapa Investment Fund, will be joining us as a key speaker. I eagerly anticipate their insights and vision for the future of Zimbabwe’s energy sector.