in Short
Rwanda : discovery of 13 oil wells in Lake Kivu

During a parliamentary session, Francis Kamanzi, CEO of the Rwanda Mines, Petroleum, and Gas Board (RMB), confirmed the discovery of 13 oil wells in Lake Kivu. This announcement marks a significant milestone in the country’s energy exploration efforts. According to Kamanzi, Lake Kivu’s potential could surpass neighboring regions, such as Uganda’s Lake Albert, due to its depth. However, exploration remains expensive, with drilling a single well potentially costing over $15 million. Rwanda faces substantial financial challenges to harness this potential, but this discovery paves the way for a promising energy future.