Invictus Energy today announced the appointment of respected Zimbabwean businessperson Mr. Joe Mutizwa as a Non-Executive Director and Deputy Chairman of the Company. The appointment is effective 19 May 2020.

Joe is the current chairman of Mangwana Capital, a major shareholder of the Company and is a director of the Company’s 100% owned local subsidiary Invictus Energy Resources Zimbabwe Pty Ltd. Joe served for ten years as Chief Executive of Delta Corporation, one of Zimbabwe`s largest listed companies before taking early retirement in 2012.

He currently sits on the Presidential Advisory Council (PAC), a body appointed by Zimbabwe’s President, His Excellency CDE E.D Mnangagwa, and is comprised of experts and leaders drawn from diverse sectors to advise and assist the President in formulating key economic policies and strategies in the country. Joe served on the board of the Reserve Bank of Zimbabwe (2015-2019) and currently chairs the boards of the of Star Africa Corporation Zimbabwe, a local sugar refiner; as well as the board of the Infrastructure Development Bank of Zimbabwe (IDBZ).

Joe has a BSc degree (with first class honours) from The London School of Economics; an MBA from the University of Zimbabwe and an MSc from HEC – Paris and Oxford University.

Invictus Managing Director Scott Macmillan commented:
“We are extremely pleased to welcome Joe to the Board as Deputy Chairman. Joe is a recognised senior business executive with a distinguished track record of leading some of the country’s largest businesses and advisory boards. Joe’s appointment will strengthen the Invictus Board at a critical time in the Company’s growth as we commence the ramp up of exploration program and operations in Zimbabwe.”

Deputy Chairman Joe Mutizwa commented:
“I am pleased to be joining the Invictus Board of Directors at a time where the company is about to embark on a very exciting journey. The Cabora Bassa project in Muzarabani if successful is a potential game changer for the country which can bring about significant economic benefits and energy security to the entire region. I look forward to supporting the Company to achieve our goals in Zimbabwe.”

KeyFacts Energy: Invictus Energy Zimbabwe country profile