Industry Newsroom

Mangwana Capital to Invest in Australian Oil & Gas Company Invictus Energy to Develop Muzarabani Project in Zimbabwe

Zimbabwe-based private equity firm Mangwana Capital has agreed to invest in Australian oil & gas exploration company Invictus Energy to develop the Muzarabani Project, an oil & gas exploration project in Zimbabwe. The deal, awaiting approval by the Reserve Bank of Zimbabwe Exchange Control, will see the Mangwana Opportunities Fund acquire ~12.5m shares at ~USD288k. Read more