Base Titanium workers explores for titanium in Kenya’s Kwale County. Under the new requirement, companies investing at least $100 million in Kenya’s mining sector must have 24 per cent local shareholding through the stock exchange within three years of operations. PHOTO FILE | NATION
Companies investing at least $100 million in Kenya’s mining sector must have 24 per cent local shareholding through the stock exchange within three years of operations.
The requirement is contained in the Mining (Local Equity Participation) Regulations of 2017 drafted by the Ministry of Mining, and applies to firms extracting gold and other minerals but excludes crude oil and natural gas that are under the jurisdiction of the Energy Ministry.
