ADVOKS GLOBAL · KENYA
Mining Act
49. Local equity participation
Edition: 2026-07-24 · In force
49. Local equity participation
(1)The Cabinet Secretary shall prescribe the limits of capital expenditure for the purpose of this section.(2)A holder of a mining licence whose planned capital expenditure exceeds the prescribed amount shall list at least twenty percent of its equity on a local stock exchange within three years after commencement of production.(3)The holder of a mining licence may apply in writing to the Cabinet Secretary to execute an equitable alternative mechanism that will allow the company to meet the requirement set in subsection (1), including an extension of time.(4)The Cabinet Secretary, may after consultation with the National Treasury extend the period set out in subsection (2), for reasons that the market conditions do not allow for a successful completion of the offering in the local stock exchange.