×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Read on the App

How transparency laws could help region gain wealth from oil riches

Mineral wealth should be a blessing not a curse. That, at least, is what Kenya, Uganda and Tanzania are hoping for from their recent discoveries of vast oil and natural gas reserves.

Kenya’s economy has not historically been known as an exporter of oil or minerals. According to Government estimates, extractives currently contribute just 1 per cent to Kenya’s GDP, which amounts to less than 2 per cent of total export revenues.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in