BMI View: We have revised our forecasts this quarter, taking into consideration domestic and international developments, downwardly revising our outlook for gas and upwardly revising that for oil. However, we maintain our view that Kenya’s power sector suffers from a capacity deficit, with insufficient supply to meet consumer demand in peak demand periods. In addition, the country remains over-reliant on hydropower. This, in turn, has exposed the country to widespread power outages, which are acting as a significant constraint to economic and social development. As such, the country has put forward some ambitious capacity expansion and diversification targets in its …
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