Sector BriefsOil Sector Brief – Kenya Within Global Context

Kenya Business Guide1 month ago383 min

On the 28th of May, the Kenya Business Guide launched its second Sector Brief on Oil at the Kenya Extractives Policy Dialogue hosted by the Strathmore University Extractives Industry Centre and Extractives Baraza in partnership with National Oil, Oxfam, DFID and ESAL.

The need for a structured dialogue on local content in Kenya has been incentivized by the discovery of oil and other commercially viable minerals, a key focus being to promote in-country value addition through four main pillars: local employment opportunities, in-country spending and procurement of local goods and services, technology and skills transfer, and local participation through equity and management.

The event brought together key stakeholders around the oil & gas sector to discuss these pivotal issues as the country moves closer towards the point of oil exportation. Sahil Shah, Project Lead of the Kenya Business Guide, opened up the seminar with a presentation of the oil sector in Kenya drawing on the Sector Brief developed and published alongside the Strathmore University Extractives Industry Centre.

The brief provides an outline of the oil sector and an analysis of its significance to economic growth and development in Kenya, debunking some of the assumptions and misplaced expectations of what value the sector actually holds for the country.

The Sector Brief on Oil can be found here.

Sources: http://www.oilnewskenya.com/kenya-business-guide-launched-second-sector-brief-oil-kenya-extractives-policy-dialogue-hosted-strathmore-university-extractives-industry-centre-extractives-baraza-part/

Kenya Business Guide

KENYA BUSINESS GUIDE

The Kenya Business Guide (KBG) is a think-tank that seeks to support the improvement and strengthening of the business environment in Kenya by providing access to information on key features of both the private and public sector prerequisites in the effective functioning of business. The KBG works in the intersection of the private and public sectors developing curated and value-added information to assist leaders in making more effective decisions.

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