Oil exportation: How we can avoid the ‘black gold curse’

Dagoretti South MP Dennis Waweru address the media in Kirigu.

In a historic event of great significance for the Kenyan economy, we recently became the first East African oil-exporting nation after a tanker of commercial petroleum was shipped to Malaysia. The low sulphur crude was extracted in Turkana County then brought to Mombasa.

The 200,000 barrels were purchased by UK based company ChemChina for Sh1.2 billion, a price higher than what was initially projected. This means there is major potential for future profitability.