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Mixed Blessing? Promoting Good Governance in Kenya’s Extractive Industries

Mixed Blessing? Promoting Good Governance in Kenya’s Extractive Industries

As Kenya establishes the framework for exploitation of recent discoveries of large oil and gas deposits, the need for good governance in the sector becomes  paramount. Related experience reveals that resource-rich developing countries often face a range of challenges in translating the potential benefits from such discoveries  into  the  improved  welfare  of  their  citizens. The  result  is  that  the  abundance of natural  resources  in most  developing  countries causes  significant harm rather than  bringing  the expected benefits. This paradox where natural resource endowments occasion misery instead of plenty is well illustrated by crises in African mineral and oil exporters such as Sudan, Angola, Democratic Republic of Congo (DRC), Chad and Equatorial Guinea.

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