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How Kenya can maximise value from low oil prices
The question of imported energy: Low prices have helped to stabilise the exchange rate while keeping inflation in check. PHOTO | FILE
IMF’s economic outlook for sub-Saharan Africa launched last week contrasted the impacts of reduced global commodity (oil and minerals) prices on the resource-intensive nations like Nigeria, Angola and South Africa and the non-resource intensive and oil importing countries which include Kenya.
According to the IMF, the countries heavily dependent on extractive resources had their economies contracting by 1.5 per cent in 2015 as revenues from oil and minerals dwindled.
