Kenya’s Mining Sector Attracts $500 Million in New Investments

Kenya’s mining sector is gaining traction, with over $500 million in new investments committed in 2023–2024 for titanium, rare earths, and fluorspar projects. Australian firm Cortec resumed mining in Kwale after a two-year hiatus, while Chinese-backed Base Titanium expanded operations. The Ministry of Mining reported a 28% rise in royalties, totaling Ksh6.2 billion. New exploration licenses were issued in Taita Taveta, West Pokot, and Migori. However, community disputes over land and environmental concerns persist. The government is fast-tracking the Mining Act review to ensure locals benefit through equity and jobs. With critical minerals demand rising globally, Kenya aims to become a key supplier for green tech supply chains.