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THE STANDARD By
Awal Mohammed |
March 6th 2021 at 00:00:00 GMT +0300
Fabian Subi, a gold miner at Sumba Mbili Gold mine site in Nyatike Sub County. [Caleb Kingwara, Standard]
Kenya’s 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 from the sector.
“The sector is historically funded by development partners and private investors with the government playing a minimal role, hence reduced budgetary allocation and funding,” it said.