Zimbabwe discovers oil in the country’s north

Zimbabwe President Emmerson Mnangagwa has announced the discovery of oil in Muzarabani in the north of the country, the ministry of information has tweeted.

The president said that the oil exploration project is in partnership with Australian energy company Invictus:

The statement from the president says that these are still early days and an exploration well will be sunk in 2020 and only after that will commercial drilling be considered.

Zimbabwe is rich in platinum and diamonds but little of that wealth has trickled down to the ordinary person.

This is because of a combination of corruption and poor policies which saw minerals leave the country in raw form. 

Under former President Robert Mugabe, a policy to introduce mineral processing plants to increase local jobs failed to take off. 

Zimbabwe is experiencing its worst economic crisis in a decade and discontent is rising amidst widespread corruption and poverty.

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