Lessons from the Gulf : How Kenya can manage its oil resources

An aerial view of Dubai's Marina. The UAE has cut its reliance on the oil by investing in other sectors of the economy. PHOTO | AFP

Kenya will by the end of the year take the first tentative steps to join the league of oil producers, with the recent announcement by the Energy and Petroleum ministry that the delayed small-scale oil exports of 2,000 barrels per day will be started by December.

History has shown that the story of oil exporters in Africa has carried more grief than joy, being a source of strife, conflict and underpinning massive corruption that has seen citizens of most oil-rich African states remain among the poorest on the continent.

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