x News The Standard Digital KTN Prime KTN Morning Express KTN Leo Leo Mashinani The Big Story Checkpoint News Center E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS Tutorsoma Digger Classified The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Kenya's mining industry was not affected by pandemic but instead boomed according to Madini Kenya

29, Apr 2021

Kenya’s mineral sector has the potential to lift the country's economy significantly if resources are well harnessed. according to outcomes of a webinar by Madini Kenya Kenya's mining industry was not affected by the pandemic but instead had a boom which caused the price of gold to rise to an all-time high in eight years. according to the mineral rights board chairman Stephen Kuria, despite having the capacity to contribute up to eleven per cent of the countries GDP, mining only contributes about one per cent, with the legal industry being predominantly run by only two companies, Magadi soda and base titanium. currently, mining contributes about sixty-seven billion shillings to the countries GDP with one point three billion shillings for investments, two billion shillings in taxes, one point six million shillings in royalties paid and Twentynine billion shillings in primary sales. according to Kuria Kenya was ranked at position ninety out of ninety-one in mining jurisdictions in terms of attractiveness to mineral investment largely due to lack of data.