Last Updated 12 years ago by Kenya Engineer
An Information Center for the Extractive Sector (ICES) has been opened in Nairobi. The center which promotes knowledge-based dialogue is aimed at promoting policies for the extractive sector was officially launched on 11th December this year by the Mining Permanent Secretary, Naajib Balala.
Speaking during the launch of the center, AfDB director for the East Africa Resource Center Gabriel Negutu pointed the timeliness of the information center saying that the opportunity to use the sector to accelerate national development and promote economic growth requires careful planning.
Extractives currently contribute one per cent of the country’s national income and less than two per cent of export earnings. It is however estimated that the sector may grow to 10 per cent of GDP.
Housed by the AfDB, the information center will be supported by the United Nations Development Programme and Governments of Australia, Canada and the United Kingdom.
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