Reforms set to boost Kenya mining potential

Mining revived in Kenya

Mining revived in Kenya

from MARIA MACHARIA in Nairobi, Kenya
NAIROBI, (CAJ News) – KENYA is reforming its mining regulations to enhance the sector’s contribution to East Africa’s biggest economy.

Dan Kazungu, the Cabinet Secretary in the Mining Ministry, said significant strides had been made in reforming our mining regulatory framework, among them the operationalisation of the online mining cadastre, which enables a transparent online application of mining licenses.

“Another key reform is the implementation of the Mining Act 2016, which has seen 14 mining regulations effected, ushering in a new dawn for a modern and forward looking mining sector in the country,” he said.

Kazungu was speaking ahead of the second Kenya Mining Forum in Nairobi.

The event was scheduled to end on Tuesday.

Kazungu pointed out since the inaugural edition in 2016, Kenya had jumped 16 positions in the world’s most attractive mining investment destinations globally to position 86 according to a survey by Fraser Institute.

This has been attributed to six key pillars of Kenya’s Mining reform agenda that are driving transformation.

These include the 20-year Mining Strategy and Roadmap, Mining and Minerals policy, Mining Act 2016, comprehensive and progressive mining regulations, robust competitive and attractive fiscal policy and current geo data.

Mining is among the least contributors to Kenya’s gross domestic product over the years, blamed on out-dated laws and mining data.

– CAJ News

 

 

 

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Posted by on Dec 5 2017. Filed under Engineering, Finance, Finance & Banking, Investing, Mining, Mining & Engineering. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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