Kenyas extractives industry (EI) has experienced increased investments following the discovery of more commercially viable mineral resources (such as iron ore, gold, coal, rare earths, etc.), and hydrocarbons (oil and gas). The oil and gas sector has existed since the 1950's, but it was not until 2012 when the first commercial oil discovery was made in Lokichar Basin, Turkana, which on current estimates holds 560 million barrels of recoverable oil. The launching of flagship projects, such as oil and gas exploration and development in Turkana, Lamu (offshore) and Mandera, and the Kwale titanium project, signal a strong potential for economic growth in the country. The Government has recognized this and included the sector in the country?s Vision 2030, as one of the priority sectors with a high potential of spurring economic growth.
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Categories: Grievance Mechanisms