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Weak laws turning off oil and gas investors

An uncertain regulatory environment in the mining sector is discouraging investment in Kenya’s oil and gas industry.PHOTO: COURTESY

An uncertain regulatory environment in the mining sector is discouraging investment in Kenya’s oil and gas industry.

According to a study done by consulting firm PricewaterhouseCoopers (PwC), this is denying the country millions of dollars in revenue at a time when global investors are looking to East Africa for new opportunities as low commodity prices force producers to scale down operations.

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