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Invictus Energy, the company exploring for oil and gas in the Muzarabani Basin, has signed a private agreement with Almanzo Holdings during a visit by a Qatari delegation to Zimbabwe.
By Rudairo Mapuranga
The signing took place at State House, where President Emmerson Mnangagwa met with the delegation, which also signed Memoranda of Understanding with the Ministry of Industry and Commerce and the Agricultural Development Authority (ARDA), Mining Zimbabwe can report.
The agreement between Invictus and Almanzo Holdings is expected to strengthen cooperation in Zimbabwe’s energy sector, opening avenues for investment and development in oil and gas exploration.
Speaking after the signing, Invictus Managing Director and Chief Executive Officer Scott McMillan said the agreement marked the start of a long-term partnership.
“As Invictus, we have been building our relationship with Almanzo Holdings and the Sheikh in Qatar over the last year, and we’re very pleased to be taking a very big step to cement our partnership for the future,” McMillan said.
A representative of Almanzo Holdings described the signing as the beginning of a strong relationship with Zimbabwe, signalling a commitment to mutual growth and investment.
The engagement with the Qatari delegation underscores Zimbabwe’s continued focus on attracting international investors to support key economic sectors, particularly energy, industry, and agriculture. The visit highlights the country’s ambition to expand strategic partnerships that can contribute to sustainable development and long-term economic growth.
