10 Local Content Policies in the Energy Transition Era …
333
the pandemic outbreak of the Coronavirus, that has brought about
massive fatalities to human life, but the lockdown provision has
exhibited what a cleaner world could be. The foreign investors will
rush into renewable energy, and this might leave stranded resources in
Kenya, Uganda and Tanzania. Hence, the local content policies must
be adopted not for developing capabilities in the extractive industry
but also the renewable energy industry.
In essence, Kenya, Tanzania and Uganda must understand that local
content policies are not only developed through protective mechanisms that develop infant domestic industries. But rather through the
dynamic and peculiar development industrial and technological development that involves the clustering, synergy and cooperation of different
actors within the East African region. This cooperation mainly facilitated the domestic knowledge base, leading international competence
through regional mechanisms, so as to enhance the competitiveness of
the domestic firms relative to the foreign firms.
10.8 Creating a Regional Content Policy
for the Oil and Gas Industry in East
Africa
East Africa must approach local content policy as a regional issue that
can facilitate domestic industry integration without negatively affecting
the market forces by attempting to be stringent. East African countries
are members of the East African Community (EAC), they have also
ratified the African Continental Free Trade Area (Acfta), the Common
Market Eastern and Southern Africa Community (COMESA) and the
Southern Africa Democratic Cooperation (SADC).
72 Through the tools
of these vast regional agreements such as the Business Council of the
EAC, the Educational policies in SADC and the synergy towards the
72 Langston, Charles A., Andrew A. Nyblade, and Thomas J. Owens. “Regional wave propagation in Tanzania, East Africa.” Journal of Geophysical Research: Solid Earth 107.B1 (2002):
ESE-1.
333
the pandemic outbreak of the Coronavirus, that has brought about
massive fatalities to human life, but the lockdown provision has
exhibited what a cleaner world could be. The foreign investors will
rush into renewable energy, and this might leave stranded resources in
Kenya, Uganda and Tanzania. Hence, the local content policies must
be adopted not for developing capabilities in the extractive industry
but also the renewable energy industry.
In essence, Kenya, Tanzania and Uganda must understand that local
content policies are not only developed through protective mechanisms that develop infant domestic industries. But rather through the
dynamic and peculiar development industrial and technological development that involves the clustering, synergy and cooperation of different
actors within the East African region. This cooperation mainly facilitated the domestic knowledge base, leading international competence
through regional mechanisms, so as to enhance the competitiveness of
the domestic firms relative to the foreign firms.
10.8 Creating a Regional Content Policy
for the Oil and Gas Industry in East
Africa
East Africa must approach local content policy as a regional issue that
can facilitate domestic industry integration without negatively affecting
the market forces by attempting to be stringent. East African countries
are members of the East African Community (EAC), they have also
ratified the African Continental Free Trade Area (Acfta), the Common
Market Eastern and Southern Africa Community (COMESA) and the
Southern Africa Democratic Cooperation (SADC).
72 Through the tools
of these vast regional agreements such as the Business Council of the
EAC, the Educational policies in SADC and the synergy towards the
72 Langston, Charles A., Andrew A. Nyblade, and Thomas J. Owens. “Regional wave propagation in Tanzania, East Africa.” Journal of Geophysical Research: Solid Earth 107.B1 (2002):
ESE-1.