Wednesday, 1 June 2016

Mapping the way to successful natural resource management in East Africa (Brookings)

A girl walks on a gas pipeline running through Okrika community near Nigeria's oil hub city of Port Harcourt December 4, 2012.

Despite the plunge in commodities prices—especially for oil and gas—over the past year, having reserves of natural resources is still an advantage for many developing countries. Indeed, recent discoveries of oil and gas in East Africa are widely considered to be positive developments, since these stores—if managed well—could be a boon to these countries’ economic growth. For example, Kenya anticipates it will earn $10 billion in government revenue due to oil from 2010-2040. Uganda expects government revenues of $3.2 billion per year for that same time period. Similarly, in Tanzania natural resources have the potential to create $2.5 billion in yearly government revenues. In Mozambique resource revenues could reach $9 billion by 2032

http://www.brookings.edu/blogs/africa-in-focus/posts/2016/06/01-natural-resource-management-east-africa-golubski

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