Covid hits mineral royalty earnings

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National Treasury building. FILE PHOTO | NMG

Kenya’s earnings from mineral royalties are expected to decline by 12.7 percent to Sh1.4 billion this year after the coronavirus pandemic interrupted mining and export value chains.

The country’s biggest mineral royalty earner, cement will bring in Sh651.7 billion down from Sh686.9 billion while titanium will deliver Sh479 billion down from Sh582.9 billion, according to the Commission on Revenue Allocation (CRA).

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