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    Kenya Strikes Oil For The First Time

    Mon, 03/26/2012 - 19:14 EDT - Forbes.com - Top Stories

    For the first time, oil has been discovered in Kenya's arid northwestern region, Kenyan President Mwai Kibaki disclosed on Monday.

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    • Kenya Strikes Oil: New Regional Potential and Security Concerns

      Kenya has announced its first oil discovery and is already discussing plans for the drilling of four exploratory wells this year in a development that portends a new future for Kenya as East Africa’s oil hub. It also comes amid, and could ignite, new security concerns.  On 26 March, Kenyan officials announced a discovery of 20 meters of oil in the Ngamia-1 well in the country’s northwestern Turkana region after drilling to only one-third of the well’s depth.

    • Kenya strikes oil in remote northern region

      Kenya struck oil in its remote northwestern Turkana region after exploratory drilling by Anglo-Irish firm Tullow Oil, but has yet to establish commercial viability, President Mwai Kibaki said Monday."Our country has made a major breakthrough in oil exploration," Kibaki said, speaking at a conference in Nairobi."This is the first time Kenya has made such a discovery and it's a very good news for our country."Wells drilled by Tullow Oil had found oil, Kibaki said, but there were no details of the potential scale of the find.

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    • Kenya, Uganda ramp up security after bus blast

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    • Kenya president holds emergency meeting over blasts

      Kenyan President Mwai Kibaki on Monday convened an emergency meeting of the country's security chiefs following blasts that killed five people during a political rally.The attacks, which also wounded more than 80 people, ripped through a rally in Nairobi campaigning against a proposed constitution due to be submitted to a referendum on August 4."The president has convened an early morning security meeting to discuss this matter, in order to get to the depth of this matter," Vice President Kalonzo Musyoka told reporters.

    • Kenya announces discovery of oil

      Oil has been discovered in Kenya after exploratory drilling by Anglo-Irish firm Tullow Oil, President Mwai Kibaki says.

    • Kenya Presidential Winner Faces Trial For Crimes Against Humanity

      NAIROBI, Kenya (AP) — Kenya's election commission named Uhuru Kenyatta the winner of the country's presidential election with 50.07 percent on Saturday, but his opponent alleged multiple failures in the vote and said Kenya's democracy was on trial.

    • Kenya's Richest Man Resigns As Finance Minister

      Kenya's richest man, Uhuru Kenyatta has voluntarily resigned from his position as the country's finance minister following an International Criminal Court (ICC) ruling that he will stand trial for crimes against humanity. On Monday, the ICC ruled that Kenyatta, (worth an estimated $500 million) played a major role in inciting and financing local thugs to murder and rape Kenyans who supported the opposition party after the country's highly controversial 2007 presidential elections.

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      Kenya formally adopted a new constitution Friday in a ceremony attended by several African leaders including Sudan's President Omar al-Bashir, despite being indicted for genocide and warcrimes.His presence threatened to overshadow a landmark ceremony watched by tens of thousands of onlookers in which Kenya's President Mwai Kibaki signed the constitution into law in Nairobi's main park.

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