Business
Kenya’s First Titanium Export Puts It Among Mining The Big Leagues
Mining firms reckon that without exception, the proposed Kenyan rates are conspicuously out of step with both Africa contemporary countries and the rest of the world. In most cases the proposed rates are double or more than double the world average.
Investors in Kenya’s mining sector have expressed concern over the enormous technical risks faced in developing a mining project, expenditure of substantial risk capital in proving up a project, the time it takes and having no control over global commodity prices. What they are seeking is a predictable, balanced and stable legislative environment in which to operate; one with an acceptable political risk profile.
Copyright AFKInsider 2014
