Via The World Bank, an interesting article on East Africa’s economic growth trajectory: “You have embarked on a long train ride in Africa. The train is in bad shape, the ride is bumpy and breakdowns frequent. You wonder when you will arrive at destination or if you ever will. But after a tortuous first half of […]
Read more »Via Energy Daily, a report that Uganda may be p0ised to become a mid-sized petroleum power. As the article notes: Uganda, a long-ignored by-water in Africa’s Great Lakes region, is widely seen as being on the cusp of an oil boom that will make it a medium-sized producer. But it is also thrusting the East […]
Read more »Via Time, an interesting report on the renewed interest in East Africa’s hydrocarbon potential. As the article notes: “…According to local lore, Portuguese travelers as far back as the late 19th century suspected that oil might lie beneath parts of East Africa after noticing a thick, greasy sediment wash up on the shores of Mozambique. […]
Read more »Via The New York Times, some details on Uganda’s recent oil discovery. As the article notes: “…The discovery of 800 million barrels of oil has been confirmed in Uganda by Tullow Oil, Europe’s largest independent oil producer. The find is valued at $50 billion — and it appears that’s just the start. In an interview […]
Read more »Via Stratfor (subscription required), an excellent analysis of how the rugged terrain of Sub-Saharan Africa prevents industrialization and modern infrastructure from taking hold and engenders chronic political instability. As a result, the article notes, most foreign investment goes to resource extraction, especially offshore projects protected from the disruptions that are rife on land: “…Foreign direct […]
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