New taxes: Gov’t to introduce mineral development levy

NAIROBI, KENYA, JAN 25 – The Kenyan mining sector is set to face a new mineral development levy that shall cut across every mineral including salt and cement.

According to the Principal Secretary Ministry of Mining, Elijah Mwangi, the additional Levy will help in propelling sustainable mineral resource development in Kenya.

This happened after the Cabinet Secretary Ministry of Mining, Salim Mvurya signed four regulations that are aimed at catalyzing the growth and development of Kenya’s mining sector.

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They include; Mine Support Services (Amendment) Regulations, 2024, Gemstone Identification and Value Addition (Fees) Regulations, 2024, Dealings in Minerals (Amendment) Regulations, 2024 and, License and Permit (Amendment) Regulations, 2024.

“While each regulation speaks to a critical component in the mineral and mining eco-system, they jointly seek to address the vital aspects touching on mineral development, mining sustainability, value-addition, and mining sector promotion,” PS Mining wrote on his X post.

Additionally, the Ps has alerted that the new regulations have also reviewed charges pertaining to the application and processing of mineral licenses in Kenya.

“The State Department for Mining is committed to continually developing and reviewing regulations to promote miners and drive strategic investments in the mining sector,” he stated.