Balala Hails move by Dangotes Multi billion investment in the Mining Sector

Cabinet Secretary for Mining Hon. Najib Balala has welcomed the

announcement by Africa Billionaire Aliko Dangote to put up a 400

million USD cement factory in Kenya , besides other investments .

Balala says Dangotes move was worth while as it will create

employment and contribute towards the countrys economic growth jobs to the youths.

which is in line with the Jubilee governments promises of creating

Dangote who made the announcement during the Kenya- Nigeria will be beneficial to Kenyans.

business forum in Nairobi expressed optimism that the investment

The cabinet secretary says though Dangote is among the companies hence among those suspended, the company was cooperating well with the task force that was appointed to review the issuance of and other companies for the sake of the countrys development.

whose licenses were issued during the countrys transition period and

licenses and the Ministry of Mining was ready to re engage with it

 infact, Dangote was the first company to announce it was ready to cooperate with the task force on review of the licenses and clear its name said Balala

The Cabinet Secretary said Dangotes investment in the cement plant will be a big addition to the already existing companies that include Cement Company the Bamburi Cement Company, AR cement, and East Africa Portland competition in the industry.

among others which he added will also enhance

The introduction of this new plant, Balala says will also boost the tons.

production of cement which is currently estimated at over 450,000

Hon. Balala also welcomed other investors with similar intentions investors willing to invest in the country. He has noted that the

saying the government was ready to support both local and foreign Ministry of Mining intends to create an industry around mining and will and favorable environment for investment was key.

wooing of investors to take advantage of the existing political good

Just recently, the Minister, announced signing of a new deal with the Geological Exploration Technology Institute JIANGSU, China to undertake Kenyas airborne geophysical survey , to establish the possibilities exchange.

countrys mineral worth. A committee is also already working on the could see mining companies in the country trade in the stock of establishing the metals and minerals exchange that

Other plans in the pipeline aimed at moving the sector forward include the Mining bill which is in cabinet soon,

as an investment arm of the government, Establishment of a state of the art Mineral certification laboratory , Establishment of Mineral processing and value addition clusters with gold refinery, iron and and building materials factories for cheaper housing. ..

will see the establishment of the National Mining Corporation

and which when enacted

steel plants & glass manufacturing industry, gemstone cutting centers