By: Finimize

With this investment, Invictus Energy’s flagship Cabora Bassa project in Zimbabwe is getting a major vote of confidence—home to an estimated 2.9 trillion cubic feet of gas and 184 million barrels of condensate. Al Mansour is putting serious backing behind the next drilling phase, even setting aside up to $500 million to support projects like the Musuma-1 well. The two companies are teaming up in a joint venture to scout fresh oil and gas opportunities across Africa, signaling ambitions that stretch beyond Zimbabwe. Invictus Energy’s shares more than doubled after the news, pushing its market value to A$208 million. For Al Mansour, this move adds to its $12 billion investments in Botswana, cementing Africa as a big part of its long-term energy game.

The surge in Invictus Energy’s shares sends a clear signal: investors see serious upside in untapped African oil and gas. Big finds like Zimbabwe’s Mukuyu field are putting the region back on global energy maps, and fresh Middle Eastern capital points to growing confidence. If the new projects deliver, Africa could draw even more funding and set the stage for industry shakeups, with joint ventures ready to scoop up promising assets.

Al Mansour’s latest move fits a broader trend—global firms are looking to Africa for future energy supply as demand jumps and security becomes a priority. Partnerships like this one could speed up job creation, boost local economies, and help modernize infrastructure across the continent. All that new influence comes with responsibility, though: sustaining growth means balancing rapid expansion with careful stewardship of Africa’s natural resources.