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Originally published by Capital Businessbusiness
November 12, 2025
5h ago
State to earn Sh607mn in royalties after UK firm finds Sh680bn gold in Kakamega

NAIROBI, Kenya, Nov 12 — The government is set to earn Sh607.2 million in royalties and an additional Sh193.8 million in Mineral Development Levy after Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Kenyan government is poised to earn Sh607.2 million in royalties and an additional Sh193.8 million in Mineral Development Levy after UK-based Shanta Gold discovered gold deposits valued at an estimated Sh680 billion in Kakamega County.
- The combined gold resource at the Isulu and Bushiangala sites is 1.3 million ounces, with an average grade of 11.43 grams per tonne (g/t).
- The developer, Shanta Gold, submitted an Environmental Impact Assessment (EIA) report to the National Environment Management Authority (NEMA).
- The project, located in Ikolomani Constituency, will entail the resettlement and compensation of some residents in Idakho North and Idakho Central wards, adhering to both Kenyan land laws and the IFC Performance Standard 5 on Land Acquisition and Involuntary Resettlement.
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