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Wednesday, August 17, 2022
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Uhuru Kenyatta assures oil industry in Kenya

President Uhuru’s political calmness revives oil industry

With the new gesture from Kenya's premier, the oil sector is positive in the New Year

by John Green
March 21, 2018
in Extractive and Energy
0
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President Uhuru’s political calmness revives oil industry

Kenya, March 19 – President Uhuru Kenyatta has given the oil and gas industry an injection of hope in their operations in Kenya, following his political gesture with opposition leader, Raila Odinga. It has been a tough political battle in Kenya that led to the closure of a number of businesses, and packing of bags of investors. Since the election saga, the East African country has lost big-time to the business market.

The oil sector experienced a downturn in the process with KenolKobil being among the biggest losers during the era. The oil market enjoyed a rather smooth operations in 2017, and is hopeful they will have a stellar performance in the New Year, catapulted by better political environment. Politics in Kenya have caused a bitter taste for the entrepreneurs, with the influence taking centre-stage.

ALSO READ: Swala Oil & Gas Reassures Investors, Invites TPDC For Talks

The narrative is set to change as Premier Kenyatta and opposition leader Raila set to steer the economy of state in a proper direction. Kenyans are pleased that the two parties have some-what resolved their issues for the better of the country, and hope for growth and development in their partnership. It was a pleasant surprise to the world as well, keeping in mind the tough contest in the country.

KenolKobil hopes to see the emergence of other oil marketers in the country, courtesy of the re-visiting of investors. With the political issue sorted, the industry is looking to bounce back to cater for the loss time, money and resource which was affected by prolonged drought as well among other demerits. The oil marketer understandably knows the political influence in the African continent, where it operates as well in Ethiopia, Rwanda, Burundi and Uganda.

The company is set to launch a mobile app that will boost its sales in 2018 and offer better, quality services for its customers. The app will enable users to purchase fuel with convenience.

Tags: BurundiEast AfricaKenolKobilKenyaOil industryRaila OdingaRwandaUgandaUhuru Kenyatta

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John Green

John Green is a journalist by profession who holds a degree in Bachelor of Journalism, Broadcast Option and works as an online writer for The Exchange website. To contact Johnson Green please email [email protected]

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