Tax and inflation.I want to see the percentage of our gdp attributed to government spending next year.

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.

Building of Sh10bn cement plant in Pokot to start next month


In a statement on Monday, Cemtech Kenya, which co-owns the proposed plant with Indian cement producer Sanghi Group, said they have confirmed the availability of a good quality limestone at the site to sustain the factory for a minimum of 50 years.

“It is hereby confirmed that the Sanghi Group shall commence the construction work at site as from Wednesday 14th August, 2013 onwards,” the statement said.

With a production capacity of about 1.2 million tonnes per annum, the factory will become Kenya’s largest manufacturing plant, surpassing Bamburi’s annual output of 1.1 million tonnes yearly.

USDKES threatening to break 88 and fly to 90/- level. Inflation has already reversed and oil price has spiked. If VAT bill is passed more inflation issues will pop up. NSE bulls had better keep this in mind.