Kenya targets over Sh132bn on lifted mining ban

Principal Secretary for Mining Elijah Mwangi.

Photo credit: File | Nation Media Group

Companies that have landed deals to explore and extract Kenya’s minerals are projected to pump more than Sh100 billion into the economy during the life of their contracts, the Mining ministry has said.

Kenya has issued mining and prospecting licences to 95 large-scale firms nearly a year, after it lifted a December 2019 blanket ban on new applications pending reforms, including mapping and streamlining of the licensing processes.

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