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Kenya Economy Watch
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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IMF content with Kenya's debt levels
As at end 2012, the ratio of public debt to GDP stood at 43 per cent, down from 48 per cent at end-2011. "Overall public debt is almost evenly split between domestic and external creditors," said the Debt Sustainability Analysis (DSA) released late last week.
"Analysis of this debt sustainability assessment shows that Kenya continues to face low risk of external debt distress," IMF notes.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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symbols wrote:safaricom and google maps plays well with smartphones.e/m-commerce looking promising.paybill just screams tax revenue from the informal sector.
KRA targets small businesses in bid to raise Sh974 billion
Quote:KRA officers tracking M-Pesa and bank accounts to identify Jua Kali traders not paying duties.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Good job. Potential for much more.
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Tax and inflation.I want to see the percentage of our gdp attributed to government spending next year.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cortec Mining Kenya Ltd on Friday said Mrima Hill in southwest Kenya has one of the largest mineral deposits in the world with a potential in-ground value of up to 62. 4 billion U.S. dollars.
... Kenya has also a huge mineral potential but its exploration efforts have only picked in the last 5 years with the awarding of commercial licences in prospecting for oil, gold, coal, geothermal and rare earths.
http://www.shanghaidaily.com/ar...cle_xinhua.asp?id=154478
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekez@ji wrote:Cortec Mining Kenya Ltd on Friday said Mrima Hill in southwest Kenya has one of the largest mineral deposits in the world with a potential in-ground value of up to 62. 4 billion U.S. dollars.
... Kenya has also a huge mineral potential but its exploration efforts have only picked in the last 5 years with the awarding of commercial licences in prospecting for oil, gold, coal, geothermal and rare earths.
http://www.shanghaidaily.com/ar...cle_xinhua.asp?id=154478
Key Conditions of the Approvals include;
Licences are valid for 24 months from the date of issue, within which the projects should have commenced;
CMK shall ensure strict adherence to the provisions of Environmental Management and Coordination (noise and excessive vibrations pollution control) Regulations of 2009;
CMK shall ensure that the development adheres to zoning specifications issued for development of such a project within the jurisdiction of County Council of Kwale with emphasis on approved land use for the area;
CMK shall ensure that waste water is disposed as set out in the Environmental Management and Coordination (Water Quality) Regulations of 2006 and also develop a sustainable water management system plan in collaboration with Water Resources Management Authority to ensure minimum impact to existing water systems especially the overstretching or depleting of the aquifers;
CMK shall comply with the relevant principal laws, by-laws and guidelines issued for development of such projects within the jurisdiction of Kenya Forest Service, National Museum of Kenya, Ministry of Mining, Energy Regulatory Commission, Country Government of Kwale, Kaya Elders, Ministry of Health, Water Resources Management Authority, Directorate of Health and Safety Services, National Lands Commission, Radiation Protection Board and Ministry of Lands, Housing and Urban Development;
For the area to be disturbed by mining CMK shall engage Kenya Forest Service, National Museums of Kenya and Kenya Forest Research Institute to carry out forest assessment and valuation of the trees, biodiversity and archaeological finds before implementation of the Project;
CMK shall apply to Kenya Forest Service for concession of the 4.2 square kilometre site earmarked for mining and access roads according to the provisions of section 40 of the Forest Act 2005;
CMK shall ensure that mining activities are undertaken during the day between 0800 and 1700 hours;
CMK shall ensure that radionuclides are immobilized within the processing plant to reduce radioactivity to natural levels within the local area.
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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youcan'tstopusnow wrote:mwekez@ji wrote:Cortec Mining Kenya Ltd on Friday said Mrima Hill in southwest Kenya has one of the largest mineral deposits in the world with a potential in-ground value of up to 62. 4 billion U.S. dollars.
... Kenya has also a huge mineral potential but its exploration efforts have only picked in the last 5 years with the awarding of commercial licences in prospecting for oil, gold, coal, geothermal and rare earths.
http://www.shanghaidaily.com/ar...cle_xinhua.asp?id=154478
Key Conditions of the Approvals include;
Licences are valid for 24 months from the date of issue, within which the projects should have commenced;
CMK shall ensure strict adherence to the provisions of Environmental Management and Coordination (noise and excessive vibrations pollution control) Regulations of 2009;
CMK shall ensure that the development adheres to zoning specifications issued for development of such a project within the jurisdiction of County Council of Kwale with emphasis on approved land use for the area;
CMK shall ensure that waste water is disposed as set out in the Environmental Management and Coordination (Water Quality) Regulations of 2006 and also develop a sustainable water management system plan in collaboration with Water Resources Management Authority to ensure minimum impact to existing water systems especially the overstretching or depleting of the aquifers;
CMK shall comply with the relevant principal laws, by-laws and guidelines issued for development of such projects within the jurisdiction of Kenya Forest Service, National Museum of Kenya, Ministry of Mining, Energy Regulatory Commission, Country Government of Kwale, Kaya Elders, Ministry of Health, Water Resources Management Authority, Directorate of Health and Safety Services, National Lands Commission, Radiation Protection Board and Ministry of Lands, Housing and Urban Development;
For the area to be disturbed by mining CMK shall engage Kenya Forest Service, National Museums of Kenya and Kenya Forest Research Institute to carry out forest assessment and valuation of the trees, biodiversity and archaeological finds before implementation of the Project;
CMK shall apply to Kenya Forest Service for concession of the 4.2 square kilometre site earmarked for mining and access roads according to the provisions of section 40 of the Forest Act 2005;
CMK shall ensure that mining activities are undertaken during the day between 0800 and 1700 hours;
CMK shall ensure that radionuclides are immobilized within the processing plant to reduce radioactivity to natural levels within the local area.
Good Environmental and Social Risk Management. May it be implemented to the full
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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