Under plans for a new mining bill of 2013, Kenya plans to replace 'punitive' local equity shareholding rules with a 10 percent free carry
Kenya only introduced rules requiring 35 percent local equity shareholdings in its mining licenses in 2012, but the country's new government plans to revoke those terms under a new mining bill, which will replace the existing, outdated Mining Act of 1940 this year.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article