Payday loans

Malawi-Tanzania standoff over Lake Malawi

Posted by on 10 August 2012

Lake Malawi (known as Lake Nyasa in Tanzania) is the third largest body of fresh water in Africa and the eight largest lake in the world. Tensions have been rising since last year when the Malawian government granted  British company Surestream Petroleum rights to explore the lake for oil and gas. On the other hand, Tanzania is claiming 50 percent of the lake but the international partition of the lake (who country it belongs to) has never been fully solved. Though some compromise has to be reached, the stubbornness exhibited by both governments shows one more that doing business in Africa is never easy. Or dull… Full story here. 

Be Sociable, Share!

Leave a Reply


9 × = eighty one

CommentLuv badge