President Emmerson Mnangagwa announced that Zimbabwe had discovered and confirmed it had oil in the Muzarabani area.
Is Zimbabwe’s oil & gas industry a good investment opportunity?
According to Mnangagwa, Zimbabwe’s oil and gas industry represented huge, unique and competitive investment opportunities given the significant potential for value chain linkages.
Where does mongongo oil come from?
Mongongo (also called Manketti) oil comes from a tree seed common in the upper reaches of the Kavango and Zambezi rivers. Much-prized for its skincare and hair care properties, Mongongo oil is high in alpha-eleostearic acid, which reacts with UV light to form a protective layer on the surface of the skin or hair.
Is Zimbabwe Open for business?
“Zimbabwe is indeed open for business and investors are welcome to explore opportunities in other sectors of our economy, such as agriculture, manufacturing, energy and tourism, among others,” he said.