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Benefits Kenya is likely to get from exploitation of oil in Turkana area include;The country will earn and conserve foreign exchangeEmployment opportunities will be createdThe supply of oil in the country may be stableThe people will enjoy low fuel pricesThe government will earn revenueThe infrastructure of surrounding areas is likely to improveThe exploitation will accelerate economic activities in the surrounding areas / multiplier effectPetro- chemical industries will get ready raw materials / inputsForeign investors will be attracted due to low cost of productionThe country BOP will improve drastically
Benefits that Kenya derives from international trade include;Kenya earns foreign exchange which enables it to import goods from other countries/economic development.The imported industrial inputs have led to growth of manufacturing industries/industralization.Taxation of commodities and services rendered generates revenue for the country.Transport and communication network have been improved to facilitate the movement of goods.International trade has led to monetization of the facilities for handling goods at the port of Mombasa.Employment opportunities have been created in the manufacturing and service industries that handle imports and exports hence improved living standards.Trade has enhanced cooperation between Kenya and her trading partners.Trade encourages specialization which leads to production of high quality goods.Kenya is able to import what it needs from other countries thus meeting the needs of the citizens.
Benefits of borrowing a loan from a non-bank financial institution include;get long-term loanget finance for capital developmentlow interest rates on loansmanagement advice on the projectlower collateral valuelonger grace period
Benefits of coffee farming in Kenya are;Earn Kenya foreign exchange from exports.Provides employment opportunities improving standards of living.Coffee sales generate income/revenue hence earn farmers living.Coffee farming has led to establishment of processing factories.
Benefits of Perkerra irrigation scheme to the Kenyan economy include;Offers employment opportunities to many people in the farm/mills earning them income hence improving their living standard.Increased food production - The scheme contributes to the bulk of Kenya's rice thus saving some foreign exchange that would have otherwise been used to import rice.Settlement - The scheme has provided land fore settling the landless who lacked farms before.Successful control of floods that were a menace before through construction of dams/reservoirs.Led to effective use of land that was initially barren hence enhancing food security and eradicating poverty.Creation of amenities such as schools, churches, hospitals that have been provided thus improving the living standards.Infrastructural improvement as roads have been built linking the farms to the markets Which have in turn opened up the otherwise remote areas for development.