Rwanda has confirmed the presence of oil in Lake Kivu, bordering Uganda and DR Congo. The country said there is a possibility ...

Kamanzi: Our Lake Kivu is deeper than other lakes in the region, so we might have more oil than our neighbors Kigali, Rwanda ...

We have oil,” said Francis Kamanzi, CEO of the Rwanda Mines, Petroleum and Gas Board, during a parliamentary hearing, as ...

The Rwanda Mines, Petroleum, and Gas Board (RMB) has announced the discovery of 13 oil wells in Lake Kivu, marking a ...

Nearly 300 foreign mercenaries hired by the Democratic Republic of Congo government to counter a swift offensive by ...

The rebels, which Rwanda denies supporting, have long been funded at least in part by the illicit mineral trade.

Four Ukrainian drones hit Russia's Lukoil refinery early Wednesday morning causing fires and significant damage, according to Ukraine's military intelligence. It comes days after Russia's Ryazan oil ...

Rwanda backtracked Wednesday from an earlier claim that it had discovered its first oil reserves in Lake Kivu, saying it was still in an exploratory phase and looking for partners. Francis Kamanzi, ...

According to its statistical agency, Rwanda’s extraction industries currently contribute about 2% to the nation’s GDP. “We have oil,” said Francis Kamanzi, CEO of the Rwanda Mines ...