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Kwale titanium miner pays State Sh7.1 billion
County governments collected below one percent of the Sh16 billion they could have raised from natural resource exploitation fees. FILE PHOTO | KEVIN ODIT | NMG
Base Titanium, the company extracting titanium minerals in Kwale County, paid the government Sh7.17 billion in royalties and taxes in the year ending June 2023, filings by its Australia-based parent Base Resources show.
The government’s earnings from the titanium operation, however, represented a fall of 3.4 percent compared to the Sh7.42 billion it raked in during the year ending June 2022.
