Something one My Uganda’s MP said a few days ago got me thinking, about the refugee situation happening in the DRC-Rwanda-Uganda region. He said that this unrest is happening at a time when Rwanda is showing signs of growth and development, and My Uganda is showing progress in its Oil project with Tallow Oil. In the news, Rwanda had recently talked about an urban development project for their capital city, whereby all CBD buildings would have to have a minimum of eight stories. This would improve the space utilisation in the city and it would certainly make the city standout in the region, and in My Uganda the findings of Tallow Oil’s and Heritage’s exploration venture have been sold at substantial prices to Total and a Chinese Oil company in percentages I do not recall, these were over fifty wells each and I think Heritage retained some, and these companies have began the feasibility studies of the wells. This promises to be in terms of revenue, highly beneficial to my Uganda. It has already reaped millions in taxes from the sale of the wells by Tallow Oil to Total and to the Chinese company.
It is a bit unsettling to have the refugee situation occurring at this time when these two countries are only now beginning to show their citizens the fruits of their labour, when the construction of highly ambitious administrative institutes are being put to the test. One can only hope that the unrest is simply a step in the direction of stability for the DRC east of the country and also maybe growth and prosperity for them and the entire region as they also have a wealth of exploitable resources.