CS Kazungu eyes 10% GDP growth after new mining sector rules - News Summed Up

CS Kazungu eyes 10% GDP growth after new mining sector rules


CS Dan Kazungu said passing the Minerals and Mining Policy and assenting Mining Bill 2016 into law set the ball rolling. President Uhuru Kenyatta assented to the Mining Bill on May 6, putting an end to a colonial era mining law that had been in existence since 1940. The CS made the remarks during a stakeholder engagement on the proposed mining regulations and guidelines at Panafric Hotel, Nairobi, on Wednesday. The Mining ministry is working on a 20-year strategy to leapfrog its gross domestic product contribution from one per cent to at least 10 per cent by 2030. The CS added that the new mining law also requires the ministry to put up a mineral rights board to replace the mineral licensing advisory committee.


Source: The Star August 10, 2016 15:33 UTC



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