Converting African natural resources to economic development

With its unique geographical location, Africa is rich in natural resources. This advantage can bring economic advancements in the region if properly managed. We all know that a way to convert Africa’s natural resources to an economic development is by exporting minerals. There is indeed another way to convert these assets, and that option is through Local Content policies.

Local content is known as locally sourced components needed for the production of a certain product. Instead of purchasing or acquiring the needed elements from other countries, huge investors will only need to source locally.

Kenya's recent environmental dilemmas

Environmental concerns has always been one of the top issues in Kenya especially those who are living below the poverty line. This is because they rely on the water and land reservoir of their society. In addition to that a big portion of the Kenya’s labor force are engaged in agriculture.

The most severe devastation in Kenya’s environment was a drought in 2006. It has brought more than 3 million of people with barely enough food to live. Some parts even experience scarce over water resources and starvation.

The latest about Africa’s oil and gas opportunities

Overview of Africa’s oil and gas resources

Africa is a continent rich in natural resources. Most African countries are now becoming known in the global market for their exemplary performance in various economic sectors, particularly in the livelihood and manufacturing industries. But the continent also boasts with its deep pockets of oil and natural gas.

The northern part of Africa, for instance, has a well-established oil industry, with large downstream and upstream activities. The problem, however, is that north Africa is threatened with civil and regional conflicts.  West Africa also has a large oil and gas reserve, in which Nigeria and Angola dominate most of the production activities. But there is a problem, as well, the rest of the West African’s oil production are overlooked and has little domestic market activities.