‘Oil-rich’ poor African countries being frustrated by terrorism

President of Tanzania John Magufuli

Oil & gas sectors in various countries have long been a strategic target for insurgents seeking to undermine the economies of political administrations to which they are opposed, a reality to which several countries in the Middle East can attest. In more recent times, countries in Africa that have recorded potentially lucrative oil finds are faced with the same challenge.

Earlier this week the news source Bloomberg reported that Tanzania and Mozambique are simultaneously confronting the same threat and that the two countries are engaging in a bilateral initiative to combat what is regarded as economic sabotage of a cross-border nature.

The magnitude of the headache for the two African countries, both of which are saddled with struggling economies, can be measured by the yardstick of the multi-billion dollar threat to their economies which the alleged terrorist threat poses.