News Summary: Oil and gas rush in East Africa

'Incredible increase' in oil, gas exploration in East Africa; industry eyes new boom region

Associated Press

HAPPY DAYS: East Africa is in the middle of an incredible energy boom that is likely to last decades, according to energy industry executives who gathered this week in Kenya's capital in a sign of the region's growing prominence.

SHARE THE WEALTH: The last couple of years have seen significant oil and gas discoveries in Kenya, Uganda, Tanzania and Mozambique. Even Somalia hopes to get onboard though security woes and a lack of regulation make the likelihood still years away.

OR NOT: An independent lawmaker named three government ministers he believed had been bribed by foreign oil companies seeking contracts with Uganda's government. The charges, denied by the three officials, forced lawmakers across the political spectrum to order an investigation. That investigation is still ongoing two years later.

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