Published On: Mon, Mar 6th, 2017

Mining and energy ministers descend on TXF Africa 2017

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TXF Africa 2017 1From MARIA MACHARIA in Nairobi, Kenya
NAIROBI, (CAJ News) – AFRICAN mining and energy executives will together with ministers converge in Kenya at the end of the month to discuss prevailing trends in the industry.
Dan Kazungu Muzee, Cabinet Sectary at the Ministry of Mining in Kenya, has been confirmed as a keynote speaker for the event tagged TXF Africa 2017 (http://APO.af/NtdnQm), March 29-30, in Nairobi.
Muzee joins Hon. Armah Kofi-Buah, Minister of Energy and Petroleum for Ghana until December 2016 and current Shadow Minister and Chairman of the West Africa Pipeline, to bolster the presence of ministerial seniority at the pan-African event, which covers project, export and commodity finance.
Muzee will speak on a mining panel with leading mining figures, to discuss trends in commodity pricing, current opportunities in mergers and acquisitions, and whether producers active in Africa should invest in technological upgrades to existing projects.
Last year, the sector accounted for just 1 percent of the country’s GDP, with Kazangu citing an ‘historic lack of investment’ and ‘outdated national mining legislation’ as the root of the sector’s low output woes.
He has written a 20-year strategy which aims to double last year’s government mining revenues by June this year, while setting a goal of 10 percent of GDP by 2030 – a figure likely to be well over $7 billion.
CAJ News

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