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Kenya - Information Centre for the Extractive Sector
Kenya has an abundance of largely untapped natural resource wealth. Investors are starting to pay attention to opportunities in the country. Flagship projects like Base Titanium’s Kwale Mineral Sands project, and recent oil discoveries announced by Tullow Oil and Africa Oil, signal the strong potential for sector growth. According to government estimates, extractives currently contribute just one percent to Kenya’s national income, and less than two percent of export earnings. This contribution is set to grow significantly (current estimates suggest the sector may grow to 10% of GDP). There is much anticipation that the extractive sector – oil and gas in particular – can bring transformational economic growth to the country.