Conditions for perpetual conflict and corruption emerge from a weak framework for managing oil resources and the windfall revenues they occasion. One area in which there is a need for reform is contract transparency. TRANSPARENT LICENCINGAs the rightful owners of petroleum resources, it is important for citizens to know the conditions under which their resources are being traded and exploited. The International Finance Corporation, which provided financing for Africa Oil’s operations in Kenya, also commits to contract transparency. To get things right in oil resource governance, the Kenyan government should fully embrace the disclosure of information on extractives.

Source: Daily Nation May 14, 2018 18:45 UTC