Resource information
About 3.5 billion people live in countries rich in oil, gas or minerals. With good governance and transparent management, the revenues from extractive sector can have positive impacts leading to poverty reduction hence boosting shared prosperity , while respecting both the needs of the community and the environment. The extractive sector in Kenya contributes about one (1) per cent to Gross Domestic Product (GDP) and three (3) per cent of the total export earnings. The sector has the potential for higher contribution especially with recent discoveries of oil in Turkana County , Titanium and Rare Earth Elements (REE) in Kwale County , coal and gas in Kitui and Lamu Counties. This is recognized in both the long-term development plan, Kenya Vision 2030 and its subsequent Medium-Term Plans. Specifically , the Second Medium T erm Plan (MTP II) reaffirmed this position by introducing oil and other mineral resources as the seventh sector under the Economic Pillar of Vision 2030.The future strategy is to reduce social conflicts and land issues related to exploration and mining and to improve access to high quality mining talent from our Kenyan universities.
