Post #290

🇬🇧Traditional British Casino Investors from the foggy British Isles are once again trying to seek their fortune in Uganda — once again with very slim chances of success ☕️ In 2027, the UK-based Blencowe Resources plans to begin graphite mining in Uganda. If the project succeeds — which is unlikely — Uganda will become the 4th African country to produce graphite. 🔖 On social media, the company is trying to tap into anti-Chinese sentiment and promises a graphite supply chain independent of China. ⚰️ However, in a world where China controls about 3/4 of global graphite production and practically monopolises its processing, a single round of price dumping would send this project straight to the graveyard of past British attempts to re-enter Uganda. ⏳ British investors have tried to play big in Uganda’s extractive sector before, but without much success. During the colonial period, Uganda did have some copper mining, but the colony’s main profile was agricultural. ➡️ In modern times, the British company Tullow Oil drilled the first successful oil wells near Lake Albert — but never managed to start production and eventually sold its assets to the more patient French. Devils Below