State earnings from Kwale titanium mine hits Sh36bn

Final mining activities at Base Titanium in Msambweni, Kwale County on May 7, 2024

Photo credit: Siago Cece| Nation Media Group

Kenya has banked $279.4 million (Sh36 billion) in taxes and royalties from Kwale miner Base Titanium in the last decade, with the cash tap now set to shut after depletion of ore at the end of this year.

Company filings show that cumulative royalty payments over a 10-year period hit $135 million (Sh17.4 billion) by the end of the financial year ending June 2024.

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Note: The results are not exact but very close to the actual.