Market News

Kenya to revoke controversial mining tax
Kenya to revoke controversial mining tax
20 January 2015

Less than a month after Uhuru Kenyatta was sworn in as Kenya's new president, his administration is planning to revoke rules passed in 2012, which impose 35% local equity shareholding in the country’s mining licences, reports Business Day. Unlike most African governments, Kenyatta’s i . . .

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Kenya to form state-owned mining company
Kenya to form state-owned mining company
20 January 2015

The Kenyan government announced last week it will form a national mining corporation, reports the Daily Nation. The state-owned company will handle joint ventures with the private sector. Najib Balala, the government's cabinet secretary in charge of mining, also said a new mining bill will ens . . .

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