Mozambique hosts energy conference

MAPUTO, Mozambique (AP) — Oil and gas industry executives from across Africa are meeting in Mozambique this week to discuss challenges and opportunities on the resource-rich continent.

The website of the event, called Oil and Gas Summit Africa, notes that new finds in Mozambique, Kenya and Tanzania are drawing foreign investors and spurring talk of an energy boom on Africa’s eastern coast. In addition it says the energy industries in Ghana and Uganda are also showing promise.

The website says economic and political uncertainty, along with fluctuating energy prices and poor infrastructure, have hurt growth in the past. But a commodities boom and more investment have helped African growth.

Representatives from leading energy producers on the continent, including Algeria, Angola and Nigeria, are attending the three-day conference which ends Tuesday.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s