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We are the First Extractives Online Industry Market Place in Kenya. Connecting service & Technology providers to Market Opportunities in Kenya’s Mining, Oil & Gas and Renewable Sectors.

Providing a Listing Platform for Manufactures service and technology providers to sell their Products and services directly to the Extractives Industry.

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10% PROCUREMENT FOR OIL & GAS TO BE ALLOCATED TO LOCAL ENTERPRISE

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This comes on the heels of a strategic push by East African governments for legislation that will ensure the local enterprise largely benefits from the lucrative extractive sector. Kenya, Uganda and Tanzania have all drafted legislation requiring Oil & Gas companies set a minimum of at least 10% of their procurement from the local enterprise. The Oil & Gas industry is also starting to be used by governments as a way of strengthening their financial markets and banking institutions considering legislation that requires operating firms open accounts with domestic bank institutions.

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Outlook Opportunities in Kenya’s Renewable Energy Sector

The  Oil discoveries in Kenya joins a portfolio other Energy Resources that the country is endowed to that make Kenya’s energy sector one of the largest and fastest growing in the region. This alongside an emerging promising mining industry makes a nascent diverse extractive industry.

The rise in these industries comes with massive market opportunities for the private sector particularly for the companies that service the respective segments of the extractive industries.  In 2013 the oil sector raised Foreign Direct Investment (FDI) inflows in Kenya by 98%. Form $259 million dollars in 2012 to $ 514 million in 2013. In the same year Kenyan firms sold goods and services worth $46.0 million dollars to Tullow Oil Plc.  Base Titanium, Kenya’s first world class mine on a one time contribution to the Kenyan economy during mine development between 2011 – 2013 spent 226.4 Million dollars.

A Delloite report: Outlook of the Kenyan Insurance sector in 2015 indicated that the energy and transport projects are the top drivers demand in insurance product and subsequently pushing merger & acquisition in the sector. Another report by KPMG’S deal space put mining and energy sectors are the dominant sectors in private equity, merger & acquisition in East Africa.

There has been massive other investments in the geothermal, wind and coal energy development. This Include  the Africa’s largest single wind project i.e the Lake Turkana power projects consortia develop 310 MW as well as a multi billion investment to construct the country’s ever coal fired plan in Lamu. Others include energy and electric power infrastructure projects.

Service derivative sector to these industries touch on a board base of industries within the private sector with opportunities for local, regional and international companies. Service & technologies that service the extractive industries for this include, Geotechnical consultancy, power grid technologies, manufacturers, extractives technologies, construction and engineering, heavy equipment suppliers, logistic services, legal, insurance, finance as well as extractives training institutions among others.