32 counties set for share of Sh1.05 billion mineral royalties bounty

BD Money 7

The Treasury has moved to unlock a Sh8.5 billion grant by the US government. PHOTO | SHUTTERSTOCK

The Treasury has marked a Sh1.05 billion payout in mineral royalties to 32 counties in the new financial year starting July, as part of a revenue revenue-sharing scheme between the national government, devolved units and communities.

The Treasury said the amount represents the total sum of mineral royalties accrued in the financial year 2021/22 as submitted by the State Department for Mining.

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