Africa Oil Corp (AOIFF)

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Whatever happened to East Africa’s oil boom?

Politics has been central to the progress, or lack thereof, in developing East Africa’s oil. And it will continue to be.
Delays and disagreements have slowed down the extraction and exportation of new oil discoveries in Kenya and Uganda.

It was not long ago that East Africa was the shining frontier of the continent’s oil scene. Uganda sparked the rush in 2006 after wildcatters ventured deep inland and made Africa’s largest onshore discoveries in decades. And Kenya’s north­western Turkana region continued the run with new oilfields found in 2012.


Read more at:

http://africanarguments.org/2017/08/23/whatever-happened-to-east-africas-oil-boom/