Mining & Energy
Mining Department proposes Mineral Development Levy in wealth fund bill
The News
Kenya's State Department for Mining is proposing amendments to the Sovereign Wealth Fund Bill that include a one percent Mineral Development Levy on gross mineral sales to finance geological research and exploration. The Department is resisting proposals to transfer mineral royalty collection to the Kenya Revenue Authority, citing concerns about disrupting regulatory oversight, while lawmakers push for reforms ensuring transparency and equitable sharing of mineral revenues.
Why it matters
Mining Department's proposed one percent Mineral Development Levy in wealth fund bill seeks to finance geological research while protecting regulatory oversight.
11 June 2026 · Capital News →