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The future of Kenya's mining industry
Home » The future of Kenya's mining industry. The future of Kenya's mining industry. By Martin Mwita January 31, 2023 Updated: February 1, 2023 Industry and Trade No Comments 8 Mins Read. Coal in Tanzania is essential in transforming energy production: Photo by ABCattorneys. Share.
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Kenya's mining legislation was overhauled in 2016 by introducing the Mining Act (the Act), which was considered a modern legislation expected to transform and expand the mining sector.Whilst the new Act was an improvement on the old legislation (which had been in place since the 1940s), productivity in the mining sector remains …
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Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark.
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The sheer scale of the ASM sector is also reflected in its GDP contribution, compared to that of formalised miners. The ARM report estimates that, based on extrapolating known data for the whole of Kenya, the ASM gold sector alone contributes around $224m to the national economy, worth around 0.35% of total Kenyan GDP and …
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