According to Eng Maina , partner at Geomine services in Kenya echoes concerns regarding political risk as a key challenge facing mining in Africa. “While there is a definite push to see mining develop and grow in Kenya, and the political will to ensure that it does,” he explains, “political interference and corruption remain huge stumbling blocks.” According to Maina, these political challenges become particularly evident when mining companies that have been in business in Kenya for a number of years are unable to have their licenses renewed due to their unwillingness to stoop to unethical behaviors. However, he is optimistic that the situation may improve in the coming years thanks to a new constitution that places ownership of all minerals in the country in the hands of the government. “According to this new constitution, any benefits derived from the exploitation of Kenya’s minerals is for the benefit of the people in the country,” he explains, “and if this is upheld, there should be greater accountability and, potentially, greater transparency concerning the financial transactions involved in developing the industry.”
Posted on: Wed, 03 Sep 2014 12:35:14 +0000
Trending Topics
Recently Viewed Topics
© 2015