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Without Visionary National Leadership, Gas Discovery Meaningless - Maguwu

1 year agoThu, 07 Dec 2023 09:03:28 GMT
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Without Visionary National Leadership, Gas Discovery Meaningless - Maguwu

Farai Maguwu, the founding Director of the Centre for Natural Resource Governance (CNRG), says Zimbabwe needs visionary national leadership for the nation to benefit from its abundant natural resources.

Maguwu made the remarks following an announcement on Thursday morning by Mines and Mining Development Minister Zhemu Soda that Geo Associates and its partners Invictus Energy and One Gas Resources have successfully declared a gas discovery in Zimbabwe.

Invictus Energy also announced on the Australia Stock Exchange that four samples from the Upper Angwa section of its Mukuyu-2 exploration well confirm the presence of gas at the site.

Posting on X, Maguwu said Zimbabwe has exploited diamonds, chrome, gold, platinum and lithium for years but has nothing to show for it. He wrote:

Before we hype about gas, let us ask questions: What did we do wrong with diamonds, chrome, gold, platinum and now lithium? Why did these fail to transform our economy?

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What shall we do differently this time? Otherwise, it is repeating the same things and expecting different outcomes.

Dubai, a favourite holiday destination for our leaders, discovered Oil in 1966. In 1969 it began exporting oil.

Instantly, its ruler Sheikh Rashid bin Saeed Al Maktoum, decreed that Oil profits would be used to transform the lives of his people. Today, the Emiratis are a prosperous people.

In 2023, they say Oil production now constitutes a tiny % of their economy. They have diversified to wholesale & retail trade, transport and logistics, banking and capital markets, manufacturing, real estate, tourism, construction etc. It all starts with leadership.

If a desert-like Dubai, with only oil, can transform itself so rapidly, think of a country like Zimbabwe with the best climate in Africa, the best arable land in SADC, many minerals found in large quantities, vast tourism potential where all big 5 are found in their natural habitat.

The possibilities in our country are limitless. But it starts with a vision and political will.

Scott Macmillian, Invictus’ Managing Director, on Thursday, said that “the discovery represents one of the most significant developments in the onshore Southern Africa oil and gas industry for decades”.

 Soda said that the “discovery will have a positive impact on the economic and social development of Zimbabwe”.

More: Pindula News

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20 Comments

Anonymous · 1 year ago
Hapana chinobuda idzo mbavha dze zanupf dzakabata tambo nematomhu...
Da Truth · 1 year ago
Ko iye anokumirwa imombe here ngakume ega .Tatambura zvekusa ziva kuti what is wrong or right .Imbwa inoto funga kuti kunzi **** is a right.
Collins · 1 year ago
kune maT-Shirts atichakupai
cid · 1 year ago
@muto na Yoyoyo,,, was busy kumbotsvaga mari vana vegarikuni ini @yoyoyomadiro aunoita nyaya ye wiwi I think unoita wet mumachira or mkadzi wako coz haukwanisi kuswera usina kutaura zve Wiwi
Yoyoyo · 1 year ago
😁😁@Cid Apa ndaseka wena👊👊👊 sando dzako idzo Cid Boss Wiwi wemadhoooodhi
Anonymous · 1 year ago
This man is a fool. This is a business project. Its those who invest in it who will benefit, just like any other business. Where everybody else can benefit is from employment and services to the projects. If there are institutional investors, they can stake their money into the project. If he want to benefit, why has he not dug the gas wells himself.
@Vhedza · 1 year ago
People easily forget was it not the same Maguwu who ran around trying to bab the sale of our diamonds in Marange ? He nearly succeeded however thanks to our God who gave us SPEACIAL QUALITY DIAMONDS that were so lucrative to the eye and the campaign did not succeed. On the oil and gas issue he even did the the same campaigning against the explorations but failed again. Now he is on another trajectory, shame on HIM!.
@Vhedza · 1 year ago
...trying to ban...
Kkk · 1 year ago
Was he wrong tho? To date what have we to show from the Marange diamonds?
Ai. · 1 year ago
Mr Director hamurevi nhema.hapana hapana .
Big Dhara Munhu Mukuru · 1 year ago
😑😑😑People woke up on election day in August to vote Zanu Pf out of office. Harare kuno ma ballot boxes kwanga kusina on the day. Ma results were announced husiku towards the end of August. Zvakaoma, apa ma minerals achango ramba achiitwa looted. Imagine hapana kana stadium remuno rinobvumirwa kuita host ma international matches. And Zanu is comfortable holding back the money and spending it on their lavish lifestyles ana Chivhayo vachitenga ma Rolls Royce zvavo
sure · 1 year ago
without considering other special minerals we have, Lithium alone if well managed is enough to turn the economy around
Bvepfepfe · 1 year ago
🤣🤣🤣🤣🤣🤣🤣 Takabvira kudhara tichitaura kuti Zanu Pf government is the problem, havagonibasa but ishasha pakuita destroy economy👏👏👏👏. Zanu Pf can destroy any economy in the world, give UAE to Zanu Pf just for a month chete uwone kuti Dubai inodonha very fast🤣🤣🤣🤣🤣🤣🤣 ED will destroy tourism yese iya. UAE inoenda kuma Chinese 🤣🤣
Cronkite · 1 year ago
Stop hyping UAE...that country is built on the sweat of our poor African brothers and sisters who get paid next to nothing are forced to live in squalor just to support the rich and famous of UAE
truly speaking · 1 year ago
haaaa mbavha dziger mberi kwedu tongotengerwa mabhazi konzi 1 raita 500k zvotoendwa x 400 bus vonyudza ma mirioni zvavo
WiFi · 1 year ago
Well said. Takawana Diamonds but hapana change yakamboitika

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