Posted on :Monday , 26th April 2021
If entirely exploited, Kenyaâ€™s mining sector is said to contribute up to 12% of the countryâ€™s GDP.
According to a study released recently by the Mineral Rights Board on how to draw mining investment, Kenya is on a course to benefit the country with its robust potential.
â€œThe sector is generally financed by development partners and private investors with the government having to play a minimal role, therefore with reduced budgetary allocation and funding,â€ it mentioned.
The news comes a week after Mining Cabinet Secretary John Munyes gazetted artisanal mining committees in Migori and Siaya made a statement to formalise small-scale mining, curtail illegal activities and upturn contribution to the sectorâ€™s earnings.
Conferring to the Economic Survey 2020, it is mentioned that about Sh50.3 billion was gained from mining and quarrying activities in 2019.