By James Gwati-President Emmerson Mnangagwa and his Zanu PF are celebrating a fictitious oil project which they are fooling themselves that it would make Zimbabwe the fifth-largest oil producer in the world.

Mnangagwa told his party senior executives this weekend that the ambitious Muzarabani, oil project was going to make the country one of the richest nations in the World.

“The Second Republic is on a permanent and irreversible path of modernising, industrialising and growing our economy,” Mnangagwa said.
“Yesterday (Friday), I witnessed the signing ceremony of a US$30 million oil and gas exploration agreement between my Government, Geo-Associates Private Limited Company and Invictus Energy, an Australian Stock Exchange-listed company. This strategic project has far-reaching positive prospects to transform the livelihoods of the people of Muzarabani District in particular and boost the (Gross Domestic Product) GDP of Mashonaland Central Province.”
He said investors are confident “they will find oil”.
“If that happens, according to estimates, Zimbabwe will be the fifth-largest oil producer, and that is a unique position.”