This month, the leaders of East African Community member countries are set to endorse a move to establish a monetary union, which they have been pursuing since 2000. But the recent discovery of massive natural-resource deposits in Kenya and elsewhere should prompt them to rethink this goal.
OXFORD – Kenya has been exporting energy for years – in the form of some of the world’s fastest long-distance runners. But Kenya will soon be exporting another, far more profitable kind of energy, as it taps into a string of recently discovered oil fields in its 450-mile-long section of the Great Rift Valley, a fissure in the earth’s crust that runs from Lebanon to Mozambique.
OXFORD – Kenya has been exporting energy for years – in the form of some of the world’s fastest long-distance runners. But Kenya will soon be exporting another, far more profitable kind of energy, as it taps into a string of recently discovered oil fields in its 450-mile-long section of the Great Rift Valley, a fissure in the earth’s crust that runs from Lebanon to Mozambique.