Western Energy Firms Increase Their Investment In Kenya


Small independent Kenyan energy firms are selling their stakes to large Western-based exploration companies as interest in the east African country’s energy potential increases.

Underpinning the Western interest is the discovery of oil in neighboring Uganda and Mozambique, which have similar geological structures to Kenya, provoking interest by major foreign oil for exploration, Nairobi’s Business Daily reported.

In its latest report, “A Dash for Gas and Oil in East Africa,” Citi Group noted, "We have seen an

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