North Uganda Emerges From Kony Threat to Entice Oil Projects
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Northern Uganda’s return to peace following a 20-year rebellion by Joseph Kony’s Lord’s Resistance Army is spurring investment in oil exploration, electricity production and railways.
The region, where 46 percent of the population live in poverty, has largely been excluded from almost three decades of economic expansion. Kony, who has eluded capture on war crime charges, was driven out of the north along with his militia by the Ugandan army in 2005. That allowed thousands of displaced people to return home and investors including Cairo-based private-equity company Citadel Capital SAE, Total SA, Europe’s third-largest oil producer, and Sinohydro Group Ltd. to seek projects.