A workshop was held on September 14, 2015 in Kampala, Uganda to examine fiscal regimes and macroeconomic impacts of natural resource development. This East Africa Natural Resource Developments workshop follows a successful four-week research exchange program with economists from three leading think tanks in east Africa. Initial results from macroeconomic models calibrated during this exchange and other KAPSARC research efforts in eastern Africa were presented.
The study program was precipitated by the vast new discoveries of oil and gas in recent years, as well as prospects for further finds. These are expected to transform the economic and political landscapes in eastern Africa. Kenya, Mozambique, Tanzania and Uganda stand poised to produce significant quantities of oil and gas; increasing exports, government revenues and foreign direct investment, and increasing the pace of economic growth. The recent drop in the price of oil has created some uncertainty for these prospects in east Africa.