The year 2012 marked the announcement of commercially viable quantities of oil in Turkana, Kenya, bringing excitement to Kenyans with the hope of better livelihoods as a result of revenue and employment. The state has positioned the sector to generate much needed revenue by overtly encouraging foreign direct investment. The emerging oil and gas sector together with a fast growing mining sector is anticipated to boost the Kenyan economy and help enable Kenya to realize its ambition to become a middle income country by 2030 (Vision 2030).
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Categories: Africa, Kenya