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Rwanda’s Energy Dispute With Canadian Oil And Gas Company Makes It Tough To Lure Canadian Business

Rwanda’s Energy Dispute With Canadian Oil And Gas Company Makes It Tough To Lure Canadian Business

From iOL

When Rwandan President Paul Kagame and other officials from the East African country meet with Toronto’s business community, their message will be simple: Rwanda is open for business.

It may be the biggest push for foreign investment that Rwandan leaders have ever made on Canadian soil. But thanks to the recent experience of a small Canadian oil and gas company, it could be a tough sell.

Kagame is in town for Rwanda Day, an annual event intended to mark Rwanda’s progress since the devastating genocide in 1994 (though it also draws angry protestors every year who oppose his policies). As part of the proceedings, Trade and Industry Minister Monique Nsanzabaganwa will host a dinner to court the business community.

In doing so, she may face difficult questions about Vanoil Energy Ltd., one of the few Canadian companies active in the country.

Read more at iOL.