Kenyan investment and business guru Aly-Khan Satchu has bemoaned negative propaganda on the country’s mining industry.
Satchu, the Chief Executive Officer of Rich Management Ltd said the nation need to be wary of the resource nationalism argument, adding that government has a crucial role to play.
“The government needs to play its role so that whilst the government receives its fair share, local communities are also empowered.
If that equation is interfered with, licenses to operate will be more difficult,” Satchu said.
He warned that the essential ingredient of a successful mining sector is policy making stability and certainty.
“These investments are typically big ticket and have a long life. We need to be cognizant of these realities.
Kenya’s mining star is shining bright. The biggest challenge remains capital and building out a capital markets which can support the industry,” said Satchu.
However, Satchu is optimistic that Kenya’s free market credentials give it a unique opportunity to crowd international and domestic investors in.
“I expect lift-off in the mining sector over the next 5-10 years,” Satchu said.
Satchu is billed to speak at the annual Kenya Mining Forum hosted by the Kenya Ministry of Mining, in collaboration with the Chamber of Mines.
He will address the opening session on: “What do the financial markets tell us about the mining industry at present? The annual mining jamboree in Nairobi has been moved from November to take place from 4-5 December.
The expo showcases leading technology and services for the sector while a practical workshop programme offers free training and up skilling for mining professionals.
The Kenya Mining Forum is organised by Spintelligent, a well-known trade conference and expo organiser on the African continent.
The company has particular expertise and experience in mining and infrastructure development events; including the long running flagship shows such as DRC Mining Week in Lubumbashi, Nigeria Mining Week in Abuja, Future Energy East Africa (formerly EAPIC) in Nairobi, Future Energy Nigeria (formerly WAPIC) in Lagos and African Utility Week in Cape Town.