Invictus confirms November drilling start for Musuma-1 well

Source: Invictus confirms November drilling start for Musuma-1 well –Newsday Zimbabwe HARARE, Aug. 12 (NewsDay Live) — Invictus Energy has confirmed that drilling of its high-impact Musuma-1 exploration well in Zimbabwe’s Cabora Bassa Basin will begin in November after the company executed a revised drilling contract with Exalo Drilling S.A. In a notice to shareholders […]

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Source: Invictus confirms November drilling start for Musuma-1 well –Newsday Zimbabwe

HARARE, Aug. 12 (NewsDay Live) — Invictus Energy has confirmed that drilling of its high-impact Musuma-1 exploration well in Zimbabwe’s Cabora Bassa Basin will begin in November after the company executed a revised drilling contract with Exalo Drilling S.A.

In a notice to shareholders dated Aug. 10, Invictus said it had executed a Deed of Variation with Exalo for the provision of Exalo Rig 202 to drill the Musuma-1 well.

The company said the revised contract, together with the securing of rig preparation and key well-services mobilisation work, had enabled it to confirm the November drilling schedule.

“Following execution of the Deed of Variation with Exalo and commencement of the rig maintenance and readiness campaign, we’re pleased to confirm a November spud date for the Musuma-1 well,” Invictus managing director Scott Macmillan said.

“Musuma-1 is a high-impact exploration well with the potential to materially expand the resource base of the Cabora Bassa Project and complement the Mukuyu gas-condensate discovery.”

According to the statement, Exalo will undertake a maintenance and operational-readiness campaign before moving the rig from Mukuyu to the Musuma-1 wellsite.

Invictus said procurement of the remaining well services was substantially advanced, with commercial and technical evaluations completed and contracts being prepared for award.

“Wellpad construction is scheduled to begin next week, evaluation of well services provision is complete and we’re targeting award of these remaining scopes in coming weeks,” Macmillan said.

The company said construction of the Musuma-1 wellpad and associated civil works would begin after customary cultural ceremonies and traditional protocols with local leaders and host communities.

The civil works will include construction of the wellpad and supporting infrastructure, as well as road upgrades needed to move the drilling rig and associated services to the site.

Musuma-1 is targeting an estimated gross mean unrisked prospective resource of 1.2 trillion cubic feet (Tcf) of gas and 73 million barrels of condensate, according to the company.

Invictus cautioned that the estimates relate to undiscovered accumulations and carry both discovery and development risks. Further exploration, appraisal and evaluation will be required to establish the existence of potentially recoverable hydrocarbons.

The company described Musuma-1 as its first high-impact exploration well outside the Mukuyu gas-condensate discovery area and said the well would test a new play type in the Cabora Bassa Basin.

It said the prospect could unlock a new resource base in the eastern part of its licence area, where several high-potential prospects have been identified through the CB23 seismic survey.

“The company looks forward to providing further updates as we move into the execution phase of the drilling campaign,” Macmillan said.

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Kariba boat survivors recall warnings before tragedy

Source: Kariba boat survivors recall warnings before tragedy – herald Walter Nyamukondiwa Mashonaland West Bureau Chief FOR some passengers aboard the ill-fated Mbuya Nehanda ferry, the tragedy on Lake Kariba did not come without warning. Strong winds were already whipping across the lake before the vessel left the harbour, while a battery and inverter destined […]

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Source: Kariba boat survivors recall warnings before tragedy – herald

Walter Nyamukondiwa

Mashonaland West Bureau Chief

FOR some passengers aboard the ill-fated Mbuya Nehanda ferry, the tragedy on Lake Kariba did not come without warning.

Strong winds were already whipping across the lake before the vessel left the harbour, while a battery and inverter destined for Mola were swept into the water as passengers prepared for the journey.

As the weather deteriorated, more belongings were blown overboard and water began seeping into the vessel, prompting passengers to question whether it was safe to proceed.

The warnings, survivors say, went unheeded.

The ferry later capsized in the dark waters of Lake Kariba, killing 44 people and leaving scores of families anxiously waiting for news of relatives still missing.

Warnings before departure

Mrs Itai Marumisa, who had travelled to Harare to buy groceries and goods for resale in Mola, said passengers became uneasy even before the ferry left the harbour.

“We just felt that there was something wrong with the journey because the winds were already strong,” she said.

Mrs Marumisa said passengers pleaded with the captain to postpone the journey after a box containing a battery and inverter fell into the lake.

“A box containing a battery and inverter fell into the water and we told the boat captain that we should not proceed with the journey, but he went on to say a prayer for journey mercies.

“He ignored our plea, and that was to be the same thing along the journey,” she said.

As the vessel proceeded, a bag and a case of opaque beer were also swept overboard as the wind intensified.

Mrs Marumisa said water had begun entering the ferry while it was still at the harbour, further alarming passengers.

Fellow survivor, Mr Friday Munenga, of Dobe Village in Mola, said passengers repeatedly asked the captain to turn back or seek shelter at a nearby island.

“We left the harbour and before long we highlighted to the captain that the conditions were not suitable for us to continue with the journey.

“We suggested that we dock at a nearby island, but he insisted on continuing with the journey, saying that he had traversed the lake for many years,” said Mr Munenga.

Desperate calls for help

As the ferry encountered increasingly rough waters, the situation rapidly deteriorated.

A passenger identified as Mrs Magadaire reportedly made frantic calls for assistance to African Parks, Tiger Bay and Bumi Hills as the vessel took on water.

She continued calling for help until the ferry eventually capsized.

Survivors said the few of life jackets on board had largely been distributed to passengers on the upper deck, leaving those below with limited chances to escape when the vessel overturned.

Mrs Marumisa was swept away from the ferry and spent nearly an hour in the water before being spotted by a helicopter.

“I was one of the two people to be rescued by the helicopter,” she said.

Rescue teams mobilised

Kariba District Development Coordinator Mr Rodwell Mutetwa said authorities received a distress call around 1pm, prompting the immediate mobilisation of the district Civil Protection Unit.

“We quickly mobilised the Zimbabwe National Army Boat Squadron and other stakeholders. We are grateful that African Parks provided a helicopter which helped in the rescue of several people,” said Mr Mutetwa.

The helicopter rescued several survivors, including Mrs Marumisa.

At Kariba District Hospital, medical officer Dr Godwin Muza said 12 survivors remained admitted and were in stable condition, while undergoing further clinical assessments.

Another 67 people rescued from the wreck were being accommodated at Mahombekombe.

Mashonaland West Provincial Affairs and Devolution Minister Marian Chombo said Government had activated a Whole-of-Government and Whole-of-Society response to assist survivors and families affected by the tragedy.

President Mnangagwa has since declared the incident a State of Disaster.

“A death is one too many, and having 44 people of varying ages losing their lives is a bitter experience we are struggling to cope with as a province and country,” said Minister Chombo.

Survivors count the cost

For surviving the disaster, Mrs Marumisa can only thank God.

However, the groceries and other goods she had bought in Harare for resale in Mola were lost in the accident, leaving her uncertain about how she will support her children.

“I am a single mother and shudder to think how I will be able to pick up the pieces and look after my children.

“Getting wares in Harare and selling them in Mola was my source of livelihood,” she said.

Her account is among several emerging from the disaster, with other survivors, including Mr Tatenda Sianjeme of Mola and 18-year-old Tanaka Marire, also recounting their experiences.

Search and rescue teams recovered 31 bodies yesterday, before operations were suspended because of fading light and strengthening winds.

The search is expected to resume today, with the Zimbabwe National Army and ZRP sub-aqua teams continuing efforts to recover bodies from the wreck and establish the fate of those still missing.

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President mourns Kariba ferry victims

Source: President mourns Kariba ferry victims – herald Ivan Zhakata Herald Correspondent PRESIDENT Mnangagwa has expressed sorrow over the Lake Kariba ferry tragedy which claimed 44 lives on Tuesday afternoon and directed relevant authorities to swiftly strengthen maritime safety systems to avert similar disasters. In his condolence message yesterday, the President described the accident involving […]

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Source: President mourns Kariba ferry victims – herald

Ivan Zhakata

Herald Correspondent

PRESIDENT Mnangagwa has expressed sorrow over the Lake Kariba ferry tragedy which claimed 44 lives on Tuesday afternoon and directed relevant authorities to swiftly strengthen maritime safety systems to avert similar disasters.

In his condolence message yesterday, the President described the accident involving a Rural Infrastructure Development Agency ferry as a State of Disaster and extended condolences to the bereaved families.

“It is with a heavy heart and profound sadness that I learnt of the tragic capsizing of a Rural Infrastructure Development Agency (RIDA) boat on Lake Kariba,” said President Mnangagwa.

“As we mourn the tragic passing on of 44 souls whose bodies have so far been retrieved, I wish to thank the prompt response by our security arms and private citizens who rose to the occasion following this deadly incident.

“Without their swift response, many more lives would have been lost in the rough and choppy conditions which obtained on the lake on the day.”

Government, President Mnangagwa said, was doing everything possible to locate all those still unaccounted for, while survivors would receive the necessary medical attention and psychosocial support.

He commended members of the security services and the public who participated in rescue efforts, saying their swift response had helped save lives in the aftermath of the accident.

The President also directed all ministries, departments and agencies responsible for water transport and maritime safety, including specialised security units, to urgently review and strengthen safety measures on the country’s inland waters.

He said lessons drawn from the tragedy should inform stronger enforcement of safety regulations to minimise the risk of similar incidents in future.

President Mnangagwa, on behalf of Government, ZANU PF, his family and the people of Zimbabwe, conveyed his heartfelt condolences to the families who lost their loved ones and wished those injured a speedy recovery.

Meanwhile, the President has declared the Lake Kariba boat tragedy a State of Disaster.

Local Government and Public Works Minister Daniel Garwe yesterday said the declaration was made in terms of the Civil Protection Act.

“His Excellency, the President of the Republic of Zimbabwe, Cde Dr E.D. Mnangagwa, has, in terms of Section 27(1) of the Civil Protection Act [Chapter 10:06], declared a State of Disaster following the tragic capsizing of a Rural Infrastructure Development Agency (RIDA) Mbuyanehanda water vessel on Lake Kariba on 11 August 2026,” he said.

The vessel was carrying 119 people, comprising 114 adult passengers and five crew members, with an unconfirmed number of children also believed to have been on board.

Seventy-seven people were rescued while 44 died and others are still missing.

The declaration of a State of Disaster allows the Government to mobilise additional resources and implement extraordinary measures to assist and protect people affected by the disaster.

After the disaster was reported on Tuesday, the Department of Civil Protection immediately activated a national search and rescue operation involving the Zimbabwe Republic Police Sub-Aqua Unit, Zimbabwe National Army Boat Squadron, local authorities and other stakeholders.

Marine rescue teams intensified searches in the affected area, while a privately owned helicopter from the Matusadonha Conservation Trust was also deployed to support aerial search and rescue operations.

Minister Garwe said Government remained focused on accounting for every passenger and crew member who was aboard the vessel.

“The declaration underscores Government’s commitment to protecting lives and ensuring that all necessary resources are mobilised to support the ongoing search, rescue, recovery and humanitarian response,” he said.

Minister Garwe also expressed condolences to the families and loved ones of those who died and commended rescue personnel, security services, local authorities, conservation partners and other stakeholders involved in the operation.

The Lake Kariba tragedy is one of the country’s worst boating accidents in recent years and has placed renewed focus on safety standards governing water transport operations.

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From street kid to Indian university!

Source: From street kid to Indian university! – herald Blessings Chidakwa Senior Reporter SIX years ago, Joshua Emmanuel was living a harsh street life in Harare, scavenging for food, sleeping wherever he could find shelter and going for days without a proper bath. He had no bed to call his own, no certainty of his […]

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Source: From street kid to Indian university! – herald

Blessings Chidakwa

Senior Reporter

SIX years ago, Joshua Emmanuel was living a harsh street life in Harare, scavenging for food, sleeping wherever he could find shelter and going for days without a proper bath.

He had no bed to call his own, no certainty of his next meal and little hope of escaping the life of harassment, petty theft and survival on the streets.

Today, the 20-year-old is aboard a plane bound for India, where he will pursue a Bachelor of Commerce degree a remarkable transformation from the harsh realities of street life to a future he once could hardly have imagined.

At the centre of that transformation is an “Angel of Hope”, the First Lady Dr Auxillia Mnangagwa, whose humanitarian work has quietly changed the lives of vulnerable children, one child at a time.

Joshua is one of those lives.

His story offers a deeply human glimpse into the compassionate face of the First Lady’s work through the Angel of Hope Foundation, where vulnerable children are given not only material support, but also care, guidance, education and an opportunity to rediscover their worth.

For Joshua, that intervention came at a time when his life could easily have taken a very different direction.

From scavenging for food and surviving on the streets, he has now reached a point where he is preparing to board a plane for India to pursue his dreams.

It is the kind of transformation that, according to the Ministry of Public Service, Labour and Social Welfare, shows what can happen when society chooses to see potential where others may see only vulnerability.

Before his departure on Tuesday, Joshua was given a joyous and memorable farewell at Robert Gabriel Mugabe International Airport, with the Harare City Council band providing a lively performance that drew applause and added pomp and excitement to the emotional send-off as he embarked on his new chapter.

“I ran away from home in Chitungwiza in 2020 when I was 14,” he recalled.

“I had dropped out of school and had only 10 Grade Seven units. I was living with some relatives but I was being mistreated, so I decided to leave.”

With nowhere to go, Joshua joined other children living on the streets around Copacabana area in central Harare.

“We slept anywhere we could find space. We were taking all sorts of drugs. Sometimes we begged for food, and sometimes we searched for leftovers in bins just to survive,” he said.

That same year, his life took a dramatic turn when he and several other street children were taken to the First Lady’s Children’s Home in Chiredzi.

“At the home, we were given everything; food, clothing, shelter and care. For the first time in a long time, I felt safe.”

In 2021, Joshua was enrolled for Form Two at Baptist School, with all his school fees, books and other educational needs fully catered for.

As he progressed, Dr Mnangagwa decided that he would benefit from a boarding school environment.

“In 2023, we were transferred to St Antony’s High School. Dr Mnangagwa paid for all the fees, uniforms and books,” he said.

Joshua excelled academically, passing 10 O-Level subjects, including Mathematics, English and Science.

Recognising his potential, the First Lady supported him through A-Level, where he studied Commercials including Mathematics, Accounting, Business Studies and Economics.

He passed with 14 points, earning a place under the Presidential Scholarship Programme.

“Now I am going to India to study for a Bachelor of Commerce,” he said with emotion.

“I want to thank my mother, Dr Mnangagwa for everything she has done for me. If I had remained on the streets, I would probably still be living that dangerous life of drugs and crime.”

Joshua said Dr Auxillia Mnangagwa’s Children Home has become a family for many former street children and vulnerable youngsters.

“After primary school, we are sent to boarding schools such as St Antony’s, Zimuto, Pamushana and Mutendi. We are all supported according to our different educational levels,” he said.

He added that the programme has opened opportunities far beyond basic education.

“Some have travelled to Russia for sporting activities, others have gone to Japan, and we also have educational trips within Zimbabwe.”

Not every child follows an academic path, he said, noting that many are enrolled in vocational training centres, where they are learning building, welding, electrical work and other practical skills.

“Some have already completed their training and are now working. Others with disabilities are also receiving specialised support and education,” Joshua said.

His journey from a frightened 14-year-old sleeping on pavements to a university-bound scholarship recipient has become a powerful testament to the transformative power of compassion, education and opportunity.

As he prepares to board a plane to India, Joshua carries with him not only a passport and scholarship papers, but also a message of hope for every child still trapped on the streets.

“Life can change,” he said quietly. “Someone believed in me when I had given up on myself.”

Deputy Director of Child Protection Services in the Ministry of Public Service, Labour and Social Welfare, Shingirai Amos Paungano, commended the First Lady for her continued support of vulnerable children through the Angel of Hope Foundation.

Mr Paungano said the intervention had demonstrated how providing children from disadvantaged backgrounds with opportunities could help them realise their potential.

“I would like to express my gratitude to the First Lady of Zimbabwe, Dr Mnangagwa, for the great work that she is doing for vulnerable people in our country, children in particular,” he said.

“We are very glad and very happy for the work that she has been doing, supporting the Ministry, supporting the Government of Zimbabwe through the Angel of Hope Foundation.”

Mr Paungano said Joshua’s transformation showed the importance of giving vulnerable children an opportunity to change their circumstances.

“Joshua is our child, and I am trying to imagine what his life would have been like if there was no such intervention. So now we are experiencing the good fruits and the good work of the First Lady,” he said.

He said Joshua’s journey was particularly inspiring considering his difficult background and the progress he had made academically.

“Through the First Lady’s support, we are now seeing that these children from disadvantaged backgrounds, what they only need is an opportunity for them to thrive and also to realise their potential,” he said.

Mr Paungano said Joshua had performed well at A-Level and was now set to further his education in India.

“He did very well in his A-Levels, and now he is proceeding to India to pursue a degree, which is something worth celebrating, given where he is coming from,” he said.

He added that Joshua himself had expressed gratitude for the support he had received, saying he had never imagined that he would reach such a stage in his life.

Beyond education, Mr Paungano said the First Lady’s interventions were helping address other challenges faced by children living and working on the streets, including exposure to drugs and substance abuse.

He said the programmes were holistic, combining educational opportunities with rehabilitation, moral guidance and the promotion of positive behaviour.

“Not only are we assisting these children to access education, but also in terms of moulding their morals, inculcating good behaviour in them, and drug and substance abuse rehabilitation,” he said. Mr Paungano said children living and working on the streets were particularly vulnerable to drug and substance abuse, making such comprehensive interventions important.

He also praised Dr Mnangagwa for promoting Ubuntu and cultural values among the children under her care.

“The First Lady always inculcates Ubuntu into these children through her work,” he said.

He said the children were being equipped with values that would help them become responsible citizens and good ambassadors of Zimbabwe wherever they went.

“All these boys have been exposed to the good inculcation of cultural values that even us as a country we are proud of,” he said.

Mr Paungano expressed confidence that Joshua would succeed in his studies and represent Zimbabwe well, while his journey could inspire other vulnerable children to pursue their dreams.

“Wherever he is going, we know that he is going to thrive, and we know that he is going to represent the country very well,” he said.

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IMF urges US$275mln food war chest

Source: IMF urges US$275mln food war chest – herald Oliver Kazunga Senior Reporter THE International Monetary Fund (IMF) has urged Zimbabwe to build a US$275 million war chest to shield the country from a possible 2027 food crisis and renewed global shocks. The proposed buffer, to be built from stronger-than-expected 2026 revenues, could give the […]

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Source: IMF urges US$275mln food war chest – herald

Oliver Kazunga

Senior Reporter

THE International Monetary Fund (IMF) has urged Zimbabwe to build a US$275 million war chest to shield the country from a possible 2027 food crisis and renewed global shocks.

The proposed buffer, to be built from stronger-than-expected 2026 revenues, could give the Government the financial muscle to buy grain, protect vulnerable households and respond to a potentially severe El Niño without piling up fresh arrears.

In its first review under the Staff-Monitored Programme report released last week, the IMF said the economy’s stronger-than-expected revenue performance has created room to build the cushion while keeping spending within the original US$9,5 billion 2026 budget.

“Even after assuming increased private grains imports, staff estimate that building a fiscal buffer of at least US$275 million from the stronger 2026 outturn—alongside conservative planning for the 2027 budget— would allow the authorities to respond quickly to food-security needs while avoiding arrears and protecting priority social spending,” said the fund.

The recommendation follows a recent announcement by the Ministry of Agriculture, Mechanisation and Water Resources Development that the Government has rolled out a comprehensive six-point strategy to safeguard national food security and cushion farmers against a forecast drier-than-normal 2026/2027 summer season, with the Summer Cropping Plan now approved by Cabinet and implementation set to begin in earnest.

The strategy, anchored on strengthening the Strategic Grain Reserve, scaling up climate-smart agriculture, expanding agricultural financing, protecting livestock, facilitating strategic food imports where necessary, and reinforcing coordination and early warning systems, is designed to ensure Zimbabwe sustains agricultural production despite the El Niño threat.

“The materialisation of these risks could half projected 2027 growth, reduce revenues, and increase government spending to procure grains to protect vulnerable households,” the IMF said.

The proposed US$275 million buffer would act as a financial shock absorber, allowing the Government to move quickly if food supplies tighten or prices surge without destabilising the fiscus.

The fund’s recommendation comes as Treasury enjoys a significant revenue windfall, with 2026 revenue now projected to reach US$10,3 billion — substantially above both the IMF programme projection and the original budget.

“To this end, staff proposes adding a quarterly indicative target setting a floor on central government deposits at the RBZ and commercial banks, with a symmetric adjustor for revenue over- or underperformance relative to the indicative revenue target—proposed to be revised to US$10,3 billion — and an adjustor to accommodate grain purchases for the strategic reserve given concerns about possible pressures on prices and availability next season,” it said.

The revenue surge reflects stronger economic activity, buoyant VAT and customs collections, higher personal income tax receipts following public wage increases and continued improvements in tax administration.

Government’s spending this year is projected at the original budget level of US$9,5 billion, with the additional revenues helping create the US$275 million cash buffer.

And the IMF recommends that the buffer be protected through a new quarterly target, setting a floor on Government deposits at the Reserve Bank of Zimbabwe and commercial banks.

The fund believes the proposed framework would also allow the authorities to draw on the fiscal space for strategic grain purchases if food prices or availability come under pressure.

The urgency of the recommendation is underlined by Zimbabwe’s recent economic performance.

The economy grew by a stronger-than-expected 8,3 percent last year, up from 1,7 percent in 2024, buoyed by mining and a recovery in agriculture after the 2024 drought.

The positive growth trajectory has continued this year, with gold production rising, tobacco enjoying a bumper season — and the tourism sector remaining resilient despite global disruptions induced by the conflict in the Middle East.

And the Middle East conflict has already pushed up fuel, food and fertiliser prices, while higher energy costs and possible shipping disruptions could add further pressure.

The IMF expects growth to remain robust at five percent in 2026, although it projects a slowdown to 4,2 percent thereafter while the fund projects that Zimbabwe’s annual inflation will reach 8 percent by the end of the year.

The proposed fiscal buffer also comes against the backdrop of Zimbabwe’s unresolved debt burden.

The IMF estimates that the country’s total public and publicly guaranteed debt stood at US$22,7 billion at the end of last year.

“The total public and publicly guaranteed debt is estimated at US$22,7 billion (38 percent of GDP) at end 2025 — lower than estimated earlier due to the higher nominal GDP.

“The external public debt stock at end-2025 stood at US$15,2 billion (25,5 percent of GDP), over 50 percent of which is in arrears vis-à-vis its external official creditors,” it said.

Despite the debt overhang, Zimbabwe has recorded strong progress under the IMF Staff-Monitored Programme, meeting all five quantitative targets.

The fund said the stronger fiscal performance provides an opportunity to strengthen Zimbabwe’s financial defences rather than allow temporary revenue gains to translate into additional spending pressures.

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