Kenya's Mining Sector Investment to Benefit Local Communities and Economy, Says CS Joho
Kenya's Mining and Blue Economy CS Hassan Joho highlighted the importance of international investments in the mining sector for job creation and wealth building in local communities during the US-Kenya Critical Supply Chains Conference. He urged investors to explore Kenya's strategic mineral resources, such as rare earths and lithium, as the government aims to boost mining's GDP contribution from 1% to 10% by 2030 through favorable policies. With competitive incentives in place, countries like the US, Australia, and China are showing interest in investing in Kenya’s mining sector.
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Kenya's Mining and Blue Economy CS Hassan Joho emphasized that international investments in the mining sector should create jobs and build wealth for local communities. Speaking at the US-Kenya Critical Supply Chains Conference, Joho urged investors to capitalize on Kenya's untapped mineral resources, including strategic minerals such as rare earths, coltan, lithium, and nickel, to drive economic growth.
In 2022, Kenya declared 14 minerals as strategic, focusing on green energy transition. Key sites include Mrima Hill in Kwale County, which is vital for global tech and EV supply chains. The government aims to increase mining's contribution to GDP from 1% to 10% by 2030 through favorable policies and incentives.
The US, Australia, and China are among countries interested in investing. The government offers competitive incentives, including investment allowances and tax exemptions, to attract foreign investment.
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