The Kenyan government considers mining as the proverbial sleeping giant of economy which will rise to prominence in the next ten years.
Touting mining as “a key pillar for growth and economic transformation” the country’s mining cabinet secretary, Dan Kizungu, says Kenya is preparing the country for the next big wave of mining activity.
Kazungu believes a new mining act, which was signed into law by Kenya’s president in May, provides crystal clear guidance on mining activities in the country. It includes plans on principles of land policy, local content and environmental considerations, and rights to natural resources to name a few.
Kazungu foresees the act attracting investors and help make Kenya a mineral investment hub by providing transparency and good governance.
“This act injects predictability and certainty that will fuel rapid expansion and sustainable development of the mining sector.”