KENYA MINING ACT, 2016

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KENYA MINING ACT, 2016

183 (5) of The Mining Act, 2016 provides that royalties payable by mining companies shall be distributed as follows:-

a) 70% to the National Government;
b) 20% to the County Government; and
c) 10% to the community where the mining
operations occur.

This is not happening right now. The National Treasury is on the process of creating a Mining Trust Fund where the royalties shall be accumulating for eventual sharing among the above mentioned parties.

We request the National Treasury and the other responsible parties to fast track this process so that the mining host communities can enjoy the fruits of mining.

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Editor-in-Chief

Geoffrey Kerosi is a prolific economics writer and an avid reader in economics, finance, business, politics and technology.

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