Dependence on Oil and Gas Revenues in Kenya

From Oil4All
Jump to: navigation, search

An investment report by PineBridge Investments East Africa states that Kenya's petroleum and mineral resources could contribute more than 5 percent to the Kenya's GDP in the medium term and thereby surpass traditional exports such as coffee.[1]

Compared to other resource-dependent Sub-Sahran countries, this share is relatively low. For instance, in Sudan oil makes up 18 percent of GDP and in Nigeria 30 percent of GDP.[2]

References

  1. Oil, minerals expected to contribute over 5pc to Kenya GDP”. Daily Nation, 23 October 2013.
  2. Beating the Resource Curse in Africa: A Global Effort”. Council on Foreign Relations, August 2012.