"I expect lift-off in Kenya's mining sector over the next five to 10 years,” says Kenyan investment and business guru Aly-Khan Satchu, CEO of Rich Management.
Aly-Khan Satchu

With regards to the main challenges facing the Kenyan mining sector he says “the sine qua non of a successful mining sector is policy-making stability and certainty. I believe we have that. These investments are typically a big ticket and have a long life.”

“We need to be cognisant of these realities. By comparison with Tanzania or South Africa, Kenya’s mining star is shining bright. The biggest challenge remains capital and building a capital markets which can support the industry.”

According to Satchu the Kenyan government “has a crucial and necessary role to play. There is a lot of propaganda around the industry and we need to be wary of the resource nationalism argument. The government needs to play its role so that whilst the government receives its fair share, local communities are also empowered. If that equation is interfered with licenses to operate will be more difficult.”

This article first appeared in the October edition of MINING REVIEW AFRICA, which examines the Kenya mining sector in detail. To read more about it, click here.

Satchu began his career in banking in the City of London before returning to Kenya 11 years ago and founding his investment advisory firm.

He will be a keynote speaker at the annual Kenya Mining Forum in Nairobi, which has been moved from November to take place from 4 – 5 December. He will address the opening session on “What do the financial markets tell us about the mining industry at present?”

During the event the Rich Management CEO will also chair the Investors Breakfast: “I am very excited to be chairing this discussion. Investors are the missing ingredient. I am keen to tease out how we crowd investors in and how we construct a best of breed capital markets which allows us to capture more value.”

Satchu has a vision for a best-of-breed mining sector which thrives and creates employment and opportunity for Kenya’s people.  “We have an opportunity to construct a sustainable mining sector which creates a serious pull effect. I would also like to see the capital markets join the party and for Kenya to become like a ‘Canada’ for the mining capital markets in Africa.”

This year Kenya Mining Forum is once again hosted by the Kenya Ministry of Mining, in collaboration with the Chamber of Mines. To find out more about the event click here.