Friday , September 18 2020
Home / News / Kenya

Kenya

Failure to regulate artisanal mining in Kenya hinders revenue collection

Across Western Kenya, over 95 per cent of gold mining is unregulated, with corruption, political interference and bureaucracy rife. A trip to the Chamber of Mines to seek a licence is hell on earth for investors. Failure by the government to regulate artisanal gold mining has hindered not only controlling …

Read More »

Concerns raised over Acacia mining deal

Several leaders from the Western Kenya region among them Amani National Congress (ANC) chief Musalia Mudavadi, his Ford-Kenya counterpart Moses Wetang’ula and Sabati MP Alfred Agoi have sought details about the gold exploration and how Acacia Mining acquired mining rights. They said this as pressure mounts on the government to …

Read More »

ARM look to dispose of its Rwanda, SA subsidiaries

Athi River Mining (ARM) is reportedly seeking to dispose of its Rwanda and South African subsidiaries to pay off $284 million owed to creditors. The troubled cement maker has a mountain of debts owed to creditors in Kenya ($170 million), Tanzania ($110 million) and Rwanda ($4 million). Administrators of the …

Read More »

Revamped railway breathes new hope into Kenya’s economy

The final rehabilitation of the 240km Nairobi-Nanyuki railway line lastly used in the late 1990s is gaining momentum with the arrival of train wagons at Nanyuki terminus. The project expected to unlock Central Kenya region’s economic potential. To the residents of expansive Central Kenya, the railway line revival means a …

Read More »

Illicit mercury flow sustained by small scale miners

A report by the International Union for Conservation of Nature (IUCN) has revealed that the artisanal and small-scale gold mining sector are the force behind the flow of trade in mercury, this is despite the heavy metal’s risk to health and environment. The report titled “Opening the black box: Local …

Read More »

Shanta and Barrick to partner in Kenya

Shanta Gold is set to partner Barrick Gold after acquiring 100% shares of its Kenyan subsidiary Acacia Exploration Kenya (AEKL). The East African mining firm signed a definitive agreement to buy 100% of the shares of AEKL. Shanta Gold CEO Eric Zurrin said the move is a significant one as …

Read More »

Kenya’s President flags off first crude oil shipment at Mombasa port

President Uhuru Kenyatta arrived at the port of Mombasa to flag off the inaugural shipment of Kenya’s crude oil on Monday. The country will export 200,000 barrels of the Turkana crude marking its entry into the league of oil-exporting countries. Celsius Riga, the vessel to ship Kenya’s crude oil at …

Read More »

Kenya earns $12m from first crude oil export

     A truck loaded with crude oil en route to Mombasa from the oilfields in South Lokichar. Kenya has joined the league of Africa oil exporters after its first consignment of 200,000 barrels fetched $12 million on Thursday afternoon. That means the sweet light crude sold at $60 per barrel, …

Read More »

Kenya now lays ground for crude oil pipeline

An oil pipeline. Due to the waxy nature of Kenya’s crude, the pipeline will be much more expensive to build and operate than a normal pipeline because the crude will need to be heated to 85 degrees along the line. Kenyan has commenced surveying the route of the Lokichar-Lamu pipeline …

Read More »