Kenya has announced it has secured significant investment deals in Kenya, aiming to bolster the country’s mining industry and manufacturing sector.
The Head of State William Ruto revealed the report during the commissioning of the clinker plant in West Pokot County and said these investments align with his strategy to boost Kenya’s mining industry, create job opportunities, and reduce poverty and hunger. He highlighted the importance of utilizing Kenya’s resources to increase exports and revenues.
Scope of deal
These investments include a Ksh4.5 billion into fluorspar mining operations in West Pokot County. If actualized, the material may be used locally or exported to make various items such as insulating foams, gasoline, aluminium, refrigerants and steel among others. Another investor committed Ksh5.8 billion to establish a gold refinery in Kakamega County. This investment comes after the discovery of gold deposits in Siaya County, estimated to be worth Ksh1 trillion.
A third investor will invest Ksh2.5 billion to set up a granite factory in Vihiga County. Granite is utilized for countertops, floors, monuments, construction, sculptures, tombstones, and sinks due to its strength, durability, and attractive appearance.
