Its with joy to see the discovery of oil in Kenya after centuries of research and studies. It is raging all over the media and social sites as Kenyans show their love for the country.
It was discovered by Tullow Oil Company, United Kingdom based petroleum explorer, has interest in with over 90 licences across 23 countries. Their main interest is Africa where they discovered oil in Ghana, Uganda and now Kenya and still exploring in 13 other countries.
Now the agreement which was laid down is that, Tullow will operate for 4 years sharing profit with Kenya afterwards Kenya will keep 100% revenue as their own. For the first year, Tullow takes 80% Kenya takes 20%, second year Tullow takes 60% while Kenya takes 40%, third year Tullow 40% Kenya 60% and fourth year Kenya takes 80% while Tullow takes 20% on their way out.
Will this be a breakthrough for Kenya where we have corrupt leaders? Where corruption is all over the place infiltrating up the Independent Anti-corruption Commission? This is the mystery which will remain unknown until when the time come.
With new projects going on where the President launched a $200 million for railway construction connecting Jomo Kenyatta Airport to Nairobi City and rehabilitation of the rest of rail lines. The project is run by Infra Co Africa. Will this be another breakthrough for Kenya as a tourist attraction center?
As of September last year, World Bank commissioned 23 projects with a total commitment of $2.28billion.
Largest shares being infrastructure(energy, water and telecommunication), water, agriculture, national resource management, health and Education. Will it be a breakthrough for Kenya?
It was discovered by Tullow Oil Company, United Kingdom based petroleum explorer, has interest in with over 90 licences across 23 countries. Their main interest is Africa where they discovered oil in Ghana, Uganda and now Kenya and still exploring in 13 other countries.
Now the agreement which was laid down is that, Tullow will operate for 4 years sharing profit with Kenya afterwards Kenya will keep 100% revenue as their own. For the first year, Tullow takes 80% Kenya takes 20%, second year Tullow takes 60% while Kenya takes 40%, third year Tullow 40% Kenya 60% and fourth year Kenya takes 80% while Tullow takes 20% on their way out.
Will this be a breakthrough for Kenya where we have corrupt leaders? Where corruption is all over the place infiltrating up the Independent Anti-corruption Commission? This is the mystery which will remain unknown until when the time come.
With new projects going on where the President launched a $200 million for railway construction connecting Jomo Kenyatta Airport to Nairobi City and rehabilitation of the rest of rail lines. The project is run by Infra Co Africa. Will this be another breakthrough for Kenya as a tourist attraction center?
As of September last year, World Bank commissioned 23 projects with a total commitment of $2.28billion.
Largest shares being infrastructure(energy, water and telecommunication), water, agriculture, national resource management, health and Education. Will it be a breakthrough for Kenya?
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