ANNOUNCEMENT 26 Oct 2012In October 2012, the government of Kenya announced a change in the required local inputs to serve domestic customers.
NUMBER OF INTERVENTIONS
Kenya Gazette Kenya Gazette Vol. CXIV - No 104 Dated October 26, 2012. It can be requested to: http://www.kenyalaw.org/klr/index.php?id=1148
On 26 October 2012, the Mining Act was published in the official gazette of Kenya. According to the Act, all foreign mining sector investors need to involve a minimum of 35% of local shareholders if they want to apply for a licence in the country.
With this measure, the government wants to ensure a greater involvement of Kenyans in the mining sector. The Commissioner of Mining and Geology, Moses Masibo, said the new regulation refers to both exploration and mining licenses.