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Western Kenya sitting on significant gold resource

It’s possible that western Kenya is sitting on significant gold resources that have yet to be discovered. Bushiangala and Isulu villages in Kakamega County’s Ikolomani are claimed to be the rare metal’s bedrock, but people’ evident poverty tells a different narrative. Despite many years of exploration by foreign corporations that …

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APM to establish gold processing plant in Nairobi

Alinani Precious Metals (APM), a Zambian company, has revealed intentions to establish a Sh1 billion gold processing plant on Nairobi’s Mombasa Road, aimed at artisanal miners. The gold refinery project, which will begin building in early September, will allow miners to derive value from their mineral resources rather than only …

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Papillon appoints Faida Investment Bank as its financial adviser and joint broker

In connection with a proposed listing on the Nairobi Securities Exchange, Papillon Holdings, which will be renamed Caracal Gold, has appointed Kenya-based Faida Investment Bank as its financial adviser and joint broker (NSE). This comes after the company’s prospectus was published on July 20 relating to the company’s ordinary shares …

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New sanitation system in Narok will raise living standards for generations to come

Until late 2020, Narok had no sanitation system. The County had set aside a quarry near Narok town as a disposal area, but this was shut down in 2019 by the National Environment Management Authority (NEMA) after the quarry got full and was spilling into the adjacent Enkare Narok River. However, …

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Owners of Mining Companies at Loggerheads over missing money

A perfect storm is brewing at mining firm Athi Stores Ltd, with directors fighting over Sh2.5 billion in allegedly embezzled funds, the taxman seeking his pound of flesh, and angry staff demanding Sh60 million in termination bonuses. The boardroom squabbles pit two families against one another, perhaps setting the stage …

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Australian mining firm hopes to expands its business in Kenya

Base Titanium, an Australian mining business, is optimistic that it will be able to continue mining in the country once the present mine life expires in October next year. It hopes to expand its operations along the Kenyan coast’s south and north by obtaining prospecting and mining licenses from the …

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Shanta Gold provides an update on Western Kenya mining venture

Following the most recent drilling in the Lihranda corridor at Isulu, large-scale gold mining in Western Kenya could begin next year. Additional visible gold has been identified in seven unique intersections, according to Shanta Gold, the company doing the exploration. The gold explorer said the results were reached after a …

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Kenya signs an agreement with DRC to improve low business figures between them

Kenya and the Democratic Republic of Congo have signed important agreements on transportation, defense, and trade, signaling a drive to increase the low levels of trade between the two countries. Following a bilateral meeting between Presidents Uhuru Kenyatta and Felix Tshisekedi, the two sides signed a new agreement on Wednesday …

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AFRICAN GOVTS SHOULD HARMONISE GOLD EXPORT TAXES TO CURB SMUGGLING,PROMOTE CONFLICT-FREE GOLD

The Investigation and Policy Group, The Sentry, has advised that the US and the EU must work with African governments to harmonize gold export taxes to reduce smuggling and promote conflict-free gold. Uganda, Rwanda, the Democratic Republic of Congo (DRC), the Central African Republic (CAR) and Cameroon are the countries …

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Kenya’s mineral potential largely unexploited

If completely exploited, Kenya’s mining sector could contribute up to 12% of the country’s GDP. This is according to a study released this week by the Mineral Rights Board on how to draw mining investment. Significant obstacles found in the report have caused local and foreign investors to steer clear …

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