(Nairobi) – Kenya has held its inaugural Mining Investment Conference and Exhibition, marking a historic milestone in the country’s efforts to position itself as a leading destination for mining investments in the region. The two-day event, held in Nairobi, aimed to enhance the visibility of Kenya’s mining sector and attract large-scale investments.
Bringing together policymakers, investors, artisanal miners, dealers, traders, equipment suppliers, NGOs, and community-based organizations, the conference was a platform to discuss opportunities and challenges in the sector.
Cabinet Secretary for Mining, Blue Economy, and Maritime Affairs Hassan Ali Joho officially opened the event, describing it as a monumental step toward strengthening the sector’s contribution to Kenya’s economy. Joho emphasized the mining sector’s potential to significantly boost the nation’s GDP through strategic policy measures, partnerships, and investor incentives.
During his address, Joho urged mining companies to focus on creating lasting legacies that benefit communities, beyond generating profits.
“Minerals are finite resources, and their extraction must leave a positive impact on communities. It is not just about profits for investors but about meaningful development for the people,” Joho said.
He also highlighted the importance of ensuring communities and counties promptly receive their share of mining royalties. Under the Mining Act, a royalty-sharing formula allocates a portion of these revenues to counties and communities. Joho revealed that the government is working on a proposal to ensure immediate disbursement of royalty payments upon receipt from investors, reducing delays and uncertainties.
Currently, the national government owes counties more than KES 2.9 billion ($19.3 million) in unpaid royalties.
Outstanding Royalties by County
| County | Amount (KES) | Amount (USD) |
|---|---|---|
| Kwale | 1.1 billion | 7.3 million |
| Kilifi | 950 million | 6.3 million |
| Kajiado | 660 million | 4.4 million |
| Kirinyaga | 100 | 0.67 |
Joho reaffirmed Kenya’s commitment to exploiting its 14 strategic minerals through the National Mining Corporation. He also emphasized the sector’s role in driving the country’s transition to green energy, leveraging the identified resources.
The conference highlighted recent government initiatives to formalize artisanal mining operations. In 2023, the government decriminalized artisanal mining, leading to the registration of over 200 cooperatives. Officials have been trained in management and marketing strategies to support growth.
Additionally, the government has completed the National Aerial Geo-Physical Survey (NAGS), which uncovered 970 mineral occurrences, significantly expanding Kenya’s mining potential.
Principal Secretary Elijah Mwangi, National Mining Corporation’s Joseph Lagat, and Mineral Rights Board Chair Sophie Kutiti were among the senior officials present at the event.