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President upbeat find will hasten economic growth


Jared Nyataya | NATION An oil rig at Ngamia 1 where Tullow Oil Company has discovered oil. The site is 25km from Lokichar on the way to Lokori, off the Kapenguria-Lodwar road. 

The oil discovery in Turkana is expected to accelerate national development, President Kibaki said on Wednesday
Speaking after the swearing in of new Cabinet ministers in Nairobi, the Head of State said the future was bright.
Prospecting investors from all over the world, he said, were keen to establish ventures in Kenya.
We recently discovered oil. This is a good development. It will help supplement our development efforts,” the President said.
And Gichugu MP Martha Karua called for prudent management of natural resources as it emerged that a Cabinet minister sold the block where oil was found in Turkana for a fortune.

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