Monday, April 02, 2012

Can Kenya avoid Africa's resource curse?

(CNN) -- Not long ago, attending international oil and gas conferences, East Africa was the graveyard session. All the smart money was on the Gulf of Guinea and I and a few other analysts would sit through almost empty sessions more out of courtesy than curiosity. No longer, East Africa is the new oil and gas frontier, and the meetings are packed. Three statements released in March by international oil and gas companies prospecting in Eastern Africa demonstrate this - a fourth impressive gas find in Tanzania by BG Group and London-listed Ophir Energy saw their shares soar....

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