Private capital and the lesson of Lamu for Africa - The EastAfrican

The article highlights the 16 billion dollar Lamu refinery project in Kenya as a key example for Africa in the race for oil projects. It discusses Kenya's hesitation over a 1 billion dollar debt swap amid rising financing costs. The piece also covers regional competition for oil projects in East Africa and their potential impact on energy security and economic development. Additionally, it mentions the rivalry among regional countries to attract investments in the oil and gas sector.