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Monday, 15 June 2026
Kenya’s news, on the hour · Est. 2026
Monday, 15 June 2026
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Kenyan press · Event

Sovereign Wealth Fund Bill, 2026

2026-04-252026-06-15
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In coverage

Verbatim sentences from the source article.

  1. June 2026

  2. Capital News

    NAIROBI, Kenya Jun 11 – The State Department for Mining is seeking to overhaul Kenya’s mineral revenue framework through proposed amendments to the Sovereign Wealth Fund Bill, 2026. …

    Mining PS moves to Shield Oversight Roles in Sovereign Wealth Fund Bill
  3. April 2026

  4. Citizen Digital

    … The Committee is now expected to compile its report on the Income Tax (Amendment) Bill, 2026, alongside the Sovereign Wealth Fund Bill, 2026 and the Public Finance Management (Amendment) Bill, 2025, ahead of debate in the National Assembly next week.

    Controller of Budget warns of revenue leakages in proposed tax exemptions bill
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 →

Thursday 11 June

  1. Mining Department proposes Mineral Development Levy in wealth fund bill

    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.

    11 June 2026 · Capital News →

Saturday 25 April

  1. Controller warns tax exemptions bill risks revenue losses

    Kenya's Controller of Budget cautioned that the proposed Income Tax (Amendment) Bill, 2026—which would exempt certain internal property transfers from Capital Gains Tax—could expose the country to significant tax losses without stronger safeguards. The office recommended requiring companies to remain tax-resident in Kenya for three years after restructuring, a mandatory review of the exemption's impact after three years, and advance approval from the Kenya Revenue Authority for large transactions exceeding Ksh.500 million.

    25 April 2026 · Citizen Digital →

Sovereign Wealth Fund Bill, 2026 — Kenyan press coverage · Kenya Minute