NAIROBI (Xinhua) --
Kenya’s ministry of mining and petroleum will next week host a
two-day forum to discuss policy and regulatory incentives
required to attract new investments in the country’s nascent
extractive industry, officials said on Wednesday.
principal secretary in the state department of mining, said the
third edition of Kenyan mining forum to be held on Nov. 12 and
13 in Nairobi will help showcase emerging investment
opportunities in precious metals and hydrocarbons.
“The conference and
exhibition will gather Kenya’s leading mining houses and
industry bodies to focus on mining and quarrying investment
opportunities in the counties and case studies from successful
mining projects,” said Omenge.
He said that
participants who will include senior policymakers and industry
executives will also discuss opportunities in artisanal mining
as well as financing and regulatory hiccups that undermine
growth of this sector.
community will furthermore discuss how it can contribute to
President Uhuru Kenyatta’s Big Four Agenda of universal health
care, affordable housing, manufacturing and food security,” said
He said Kenya has
reformed policy and regulatory frameworks to facilitate
investments in the mining sector that is key to hasten the
country’s transition from subsistence to manufacturing and
export based economy.
Omenge said the
government has already developed a robust mining value addition
directory that spotlight untapped opportunities presented by
precious stones like gemstone that are abundant in the coast
“We have developed
the gemstones value addition center which is polishing, cutting
and shaving gemstones with the view to adding value and
commanding a better price for us as a country,” said Omenge.
He disclosed that
plans were in the pipeline to phase out use of mercury in
artisanal mining owing to the heavy metal’s negative impact on
environment and human health.
vice-chairman of Kenya Chamber of Mines said investors had
forged a healthy working relationship with the government to
facilitate growth of the extractive sector.
“We are getting the
necessary support from the government to address issues like
licensing, consent, royalties, export permits and am sure this
conversation will continue during the Kenya mining forum,” said