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 |..
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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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State to Earn Sh607M from Kakamega Gold & Receive Sh19B for Roads Amid Agency Scrutiny - November 2025
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. In a separate financial development, the United Bank for Africa (UBA) Group has committed Sh19 billion ($150 million) to Kenya’s Road Infrastructure Securitisation Programme. These financial inflows occur as a Public Service Commission (PSC) report revealed over two-thirds of Kenyan government entities failed to submit mandatory self-assessment reports on performance and governance. Relatedly, Senators are questioning the State's plan to commercialise the National Youth Service. Meanwhile, the National Environment Management Authority (NEMA) has canceled a public participation hearing for the proposed Isulu–Bushiangala Gold Mining Project in Kakamega County.
