Matrix was formed in 2018. The largest shareholder owner is founder and CEO, Malvin Chiwanga. The company is headquartered and led from Guernsey, while most of their international operations are currently led from Sprinningfield, Manchester, in the United Kingdom.
Matrix Petroleum was founded as a limited company on 12 July, 2018. The plan is to participate in the oil industry on the continental shelf and to build up Africa competency within the petroleum industry to establish the foundations of a domestic petroleum industry. Matrix operates in Guernsey, Manchester, Mozambique, South Africa, Botswana, Zambia, and Zimbabwe.