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Originally published by Kenyanstop
November 13, 2025
2h ago
Govt Explains Distribution of Profits From Ksh680 Billion Gold in Kakamega
The gold was discovered by a British firm, prompting speculation on how Kenyans and locals will benefit from the profits...
✨ Key Highlights
Mining Cabinet Secretary Ali Hassan Joho has confirmed the discovery of Ksh680 billion worth of gold in Kakamega's Lirhanda Corridor, assuring that both Kenya and the local community will benefit. A British company will undertake the mining, with its operations making it Kenya's first large-scale underground gold operation.
- The gold is valued at approximately Ksh680 billion, with the potential for higher worth.
- The British company plans to invest Ksh26.8 billion to develop the mine and processing plant.
- Revenue distribution includes 3% in royalties, 5% export levy, 1% for the community, and 10% of the asset on a free-carrying basis to the government.
- The gold is located over one kilometer deep, necessitating advanced foreign technology and expertise.
- CS Joho assured that artisanal miners would not be displaced, and any local displacements would involve proper compensation.
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