East Africa's Fate As Oil Crisis Worsens
Niyi Aderibigbe <
http://www.ventures-africa.com/author/aderibigbe/> General
<
http://www.ventures-africa.com/category/investing/general/>
November 30, 2014
VENTURES AFRICA - Recent oil and gas finds across the East Africa region has
positioned it as a lucrative investment destination in Africa. Research has
shown that discoveries in the last few years are more than that of any other
region in the world, and the boom is expected to continue for the next five
years. This impressive position is however becoming less significant as
global oil prices continue to fall. A continued decline threatens the
region's economic prospects.
Multiple Oil and gas discoveries, better economic prospects
The ongoing market integration by the East African Community (EAC), which
comprises Burundi, Kenya, Rwanda, Tanzania and Uganda, has contributed to
the region becoming an attractive investment destination. But the recent oil
and gas finds in Kenya and Tanzania have also made its prospects even
better........
Read it in PDF attachment below:
Berhane
Received on Sun Nov 30 2014 - 17:34:53 EST