A nation’s fortune changes as Rift Valley oilmen strike it rich

The Times of London
Lake Albert, Uganda

Uganda oil
There may be 2.5 billion barrels of oil, worth £1.2 billion a year, under the banks of Lake Albert (Xan Rice)

Towering over the cassava fields, stumpy acacia and shady mango trees, winding dirt roads and mud hut hamlets, a 20m (65ft) red metal derrick has become a familiar sight on the shores of Lake Albert in Africa’s western Rift Valley.

The scene encapsulates where Uganda is today, teetering on the cusp between its past and future: an ancient subsistence economy colliding with a new one based on oil extraction. Continue reading A nation’s fortune changes as Rift Valley oilmen strike it rich