Mining lays foundation for Kenya investment, growth

NAIROBI, (CAJ News) – THE Kenya Mining Forum is set to consolidate the East African country’s position as a regional mining hub and highlight the sector’s potential as a key driver for socio-economic growth.
The event is returning to the capital Nairobi from November 13-14 after a hugely successful launch edition last year.
“It is a very opportune time to promote investment in the Kenyan mining sector,” said Elodie Delagneau, event director of Kenya Mining Forum.The official pointed out the Mining Act, approved in May 2016, had provided more transparency and credibility for investors.Moreover, the Cabinet Secretary, Dan Kazungu, has highlighted the potential of the mining sector to contribute up to 10 percent of the gross domestic product in 2030 compared to 1 percent in 2015.
Furthermore, Kenya has been working with McKinsey on a 20-year mining plan that has already highlighted a potential of US$ 62,4 billion in mining revenues.Delagneau said evolving the mining conference towards a regional exhibition would allow them to create a consistent platform for Ethiopia Kenya, Tanzania and Uganda, which are existing solid trade partners.Apart from a varied and practical programme focused on issues andchallenges ranging from finance, legislation, women in mining, the gemstone sector, mining companies and industry suppliers will be present at Kenya Mining Forum.
The Kenya Mining Forum is hosted by the Kenyan Ministry of Mining, in collaboration with the Chamber of Mines, and organised by Spintelligent, a well-known trade conference and expo organiser on the African continent.
–CAJ News

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