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It is nearly five years since oil was discovered in Turkana County. That discovery was expected to make Kenya an oil-producing state. We are still waiting for this Black gold to have a real impact on the Kenyan economy.
Notably, the statistics of local companies’ participation in the exploration and production in the energy and power sector is very dismal and practically no local entrepreneurs or even local banks have dared venture into this lucrative sector. The sector is dominated mostly by western companies. How can we reverse that imbalance?
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