Natural Resources (Classes of Transactions Subject to Ratification) Act
2. Interpretation
2. Interpretation
In this Act, unless the context otherwise requires—"concession" means the right to exploit a natural resource pursuant to an agreement between the grantor and the beneficiary or a permit issued under national or county legislation;"Cabinet Secretary" means the Cabinet Secretary for the time being responsible for matters relating to environment;"days" means calendar days;"effective date" has the meaning assigned to it in Article 260 of the Constitution;"exploitation" means an activity that confers or is aimed at conferring a benefit on the beneficiary of the grant of the concession or right but does not include an activity that is exploratory in nature;"grantor" means the person who or which under an agreement relating to natural resources has granted to another the concession or right to exploit a natural resource of Kenya;"natural resources" has the meaning assigned to it in Article 260 of the Constitution;"permit" includes a licence or other authorization validly issued under national or county legislation;"state organ" has the meaning assigned to it in Article 260 of the Constitution; and"transaction" means an arrangement or other dealing between a grantor and a beneficiary under which the beneficiary lawfully acquires a concession or a right to exploit a natural resource of Kenya.Source: Kenya Law