Rwanda discovers oil in Lake Kivu

Rwanda announced on Wednesday its first oil discovery, confirming 13 reservoirs in Lake Kivu, which borders the Democratic Republic of Congo (DRC).

“We have oil,” said Francis Kamanzi, CEO of the Rwanda Mines, Petroleum and Gas Board, during a parliamentary hearing, as reported by local media group Igihe. The breakthrough comes after over a decade of exploration in the lake.

Kamanzi expressed optimism about finding more oil, pointing…