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Originally published by Capital Newstop
June 11, 2026
3h ago
Mining PS moves to Shield Oversight Roles in Sovereign Wealth Fund Bill

Mining Principal Secretary Harry Kimutai told lawmakers that Kenya’s mineral wealth remains largely untapped due to inadequate mapping and limited investment in research. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
Kenya's State Department for Mining is proposing amendments to the Sovereign Wealth Fund Bill, 2026, including a 1% Mineral Development Levy, to boost mineral exploration and research.
- A proposed 1% Mineral Development Levy on gross mineral sales aims to finance geological research and exploratory drilling.
- Principal Secretary Harry Kimutai is leading efforts to enhance the country's mineral revenue framework.
- The department is also opposing the transfer of mineral royalty collection to the Kenya Revenue Authority to maintain oversight.
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