ANNOUNCEMENT 26 Oct 2012

In October 2012, the government of Kenya announced a change in the required local inputs to serve domestic customers.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



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

News: http://www.the-star.co.ke/news/article-93593/state-sets-out-new-ownership-rules-foreighn-miners


Inception date: 26 Oct 2012 | Removal date: open ended
Still in force

Local sourcing

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.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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