{"id":23719,"date":"2021-03-06T21:51:10","date_gmt":"2021-03-06T21:51:10","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=23719"},"modified":"2021-03-06T21:51:10","modified_gmt":"2021-03-06T21:51:10","slug":"kenya-has-untapped-mineral-potential","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential","title":{"rendered":"Kenya has untapped mineral potential"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> Kenya\u2019s mining sector can contribute up to 12 per cent of the gross domestic product if fully exploited.<\/p>\n

This is according to a report by the Mineral Rights Board on how to attract mining investment that was launched this week.<\/p>\n

The report identified major challenges that have seen local and foreign investors shying away from the sector.<\/p>\n

\u201cThe sector is historically funded by development partners and private investors with the government playing a minimal role, hence reduced budgetary allocation and funding,\u201d it said.<\/p>\n

The report comes a week after Mining Cabinet Secretary John Munyes gazetted artisanal mining committees in Migori and Siaya to formalise small-scale mining, curb illegal activities and increase contribution to the sector\u2019s earnings.<\/p>\n

According to the Economic Survey 2020, about Sh50.3 billion was gained from mining and quarrying activities in 2019.<\/p>\n

However, the sector\u2019s contribution to the country\u2019s GDP has been reducing from 2.5 per cent in 2014 to 0.8 per cent in 2018.<\/p>\n

The minerals board attributed this to lack of an environment to boost investor confidence.<\/p>\n

\u201c(This includes) lack of clarity around the set of laws, regulations and agreements that govern the economic benefits derived from mineral exploration,\u201d the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: Kenya\u2019s mining sector can contribute up to 12 per cent of the gross domestic product if fully exploited. This is according to a report by the Mineral Rights Board on how to attract mining investment that was launched this week. The report identified major challenges that have seen local and foreign investors shying away […]<\/p>\n","protected":false},"author":84,"featured_media":23725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[140,867,868],"class_list":["post-23719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-gdp","tag-minerals","tag-mining"],"yoast_head":"\nKenya has untapped mineral potential - kenya<\/title>\n<meta name=\"description\" content=\"Kenya\u2019s mining sector can contribute up to 12 per cent of the gross domestic product if fully exploited.This is according to a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya has untapped mineral potential\" \/>\n<meta property=\"og:description\" content=\"Kenya\u2019s mining sector can contribute up to 12 per cent of the gross domestic product if fully exploited.This is according to a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-06T21:51:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/kenya_has_untapped_m60428afd87a6c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenya has untapped mineral potential\",\"datePublished\":\"2021-03-06T21:51:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential\"},\"wordCount\":199,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/kenya_has_untapped_m60428afd87a6c.jpg\",\"keywords\":[\"GDP\",\"Minerals\",\"Mining\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-has-untapped-mineral-potential\",\"name\":\"Kenya has untapped mineral potential - 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