By Peter Mutai NAIROBI (Xinhua) --
The discovery of oil and gas in remote parts of Kenya has
provided an opportunity to reverse years of underdevelopment, an
expert said on Tuesday.
the Executive Director of Land Development and Governance
Institute (LDGI), a Kenya-based think tank, said the sub sector
is now capable of contributing to the country’s development.
“If well done, oil
and gas exploration initiatives have the capacity to benefit the
investing corporations and local communities tremendously,”
Makathimo said while releasing a report on social investments in
the extractive sector in Kenya.
Kenya’s economy has
previously been characterized by investments in agriculture,
tourism, manufacturing and service industries while the
extractive industry has been contributing less than 1 percent of
the gross domestic product (GDP).
But over the last
five years the sector has recorded major growth after oil was
discovered in 2012 in Turkana.
“There is need to
factor specifics on community development agreements into the
legislative framework for oil exploration and production to have
a long-term positive impact on local communities,” Makathimo
He noted that the
Petroleum Act of 1984 and the Petroleum Bill of 2015 fail to
adequately give provisions to guide community development.
Makathimo said the
extractive industry has a potential to contribute to the
achievement of Sustainable Development Goals (SDGs) by
mobilizing resources and creating employment and development.
The report that was
done in July called for the harmonization of community
development initiatives by stakeholders working in the areas to
Since 2012, the
country has seen discoveries of more oil wells and entry of
additional oil explorers.
Currently, there are
expectations from both national and county governments and
communities who see the development as an investment