Kenyan Mines Minister Sees Law Boosting Investment Interest

Kenya expects to enact a mining law later this year to provide policy stability in a country ranked by an industry institute as one of the world’s least attractive places to invest, Mining Secretary Najib Balala said.

The Mining Bill, currently before the East African nation’s Senate, is expected to be passed before the fiscal year ends on June 30 and begin a “new era” for mining in Kenya, Balala said in an interview on March 20 in the capital, Nairobi.