Close Menu
The Coast Times Digital

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Border Communities in Kwale Call for Peaceful Coexistence Amid Rising Cross-Border Tensions

    September 14, 2025

    Mabati Rolling Mills launches Sh2.92mwh rooftop solar system, as plans to address climate change take shape.

    September 12, 2025

    Governor Fatuma Achani Champions Culture and Environmental Restoration at Chenda Chenda Festival

    September 9, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Border Communities in Kwale Call for Peaceful Coexistence Amid Rising Cross-Border Tensions
    • Mabati Rolling Mills launches Sh2.92mwh rooftop solar system, as plans to address climate change take shape.
    • Governor Fatuma Achani Champions Culture and Environmental Restoration at Chenda Chenda Festival
    • Lamu Fishermen Demand Fair Fishing Policies, Criticizing Disparities in Enforcement
    • HR Leaders Challenged to Provide Greater Value to Talent in the Age of AI
    • Lamu Farmers Set for Economic Boost with Commissioning of Maiden Edible Oil Plant
    • National liquor licensing and control boards caucus take on NACADA over unconstitutional policy proposals
    • Kwale Ginnery Brings Hope as Cotton Revival Gains Momentum in the Coastal region
    Facebook X (Twitter) Instagram
    The Coast Times DigitalThe Coast Times Digital
    • Home
    • Features
    • Politics

      Border Communities in Kwale Call for Peaceful Coexistence Amid Rising Cross-Border Tensions

      September 14, 2025

      Mabati Rolling Mills launches Sh2.92mwh rooftop solar system, as plans to address climate change take shape.

      September 12, 2025

      Governor Fatuma Achani Champions Culture and Environmental Restoration at Chenda Chenda Festival

      September 9, 2025

      Lamu Fishermen Demand Fair Fishing Policies, Criticizing Disparities in Enforcement

      September 5, 2025

      HR Leaders Challenged to Provide Greater Value to Talent in the Age of AI

      September 4, 2025
    • Typography
    • Science

      Rural electrification to bring growth and security to Kwale’s remote village

      August 25, 2025

      Over 90 Youth Trained on Trauma Healing and Stress Management in Kwale

      August 5, 2025

      Spike in Maternal Deaths Sparks Alarm in Kwale

      June 22, 2025

      Relief for hydrocele patients and expectant mothers in need of surgical services in Mkongani, Matuga sub county

      June 10, 2025

      NCBA marks World Environment Day with mangrove drive and cleanup in Kwale to combat plastic pollution

      June 7, 2025
    • Opionion/Commentary
    • Contact Us
    The Coast Times Digital
    Home»Politics»Government initiate Sh 5.8 billion modern gold refinery project in Ikolomani, Mining CS Salim Mvurya 
    Politics

    Government initiate Sh 5.8 billion modern gold refinery project in Ikolomani, Mining CS Salim Mvurya 

    Coast Times DigitalBy Coast Times DigitalJune 7, 2024Updated:June 7, 2024No Comments38 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    By Alloys Musyoka
    The government has initiated a KSh 5.8 billion gold refinery project,being the first modern gold refinery in Lidambitsa area of Ikolomani, Kakamega County.
    Cabinet Secretary for Mining, Blue Economy, and Maritime Affairs, Salim Mvurya said the Refinery will serve as transformative venture for Kenya’s gold sector.
    Mvurya emphasized that value-addition facilities like this refinery are crucial for accelerating growth and fostering innovation in the mining industry, thus promoting socio-economic development for artisanal gold miners nationwide.
    He said the establishment of gold refinery aligns with the kenya kwanza governments’ vision and commitment to creating value addition centers that increase the value and prices of the minerals.
    “Value addition plays a crucial role in ensuring economic sustainability by enhancing the economic potential of raw materials, increasing employment opportunities, fostering innovation, and promoting competitiveness,” he added.
    Mvurya said that the Ruto government  envision an Increased GDP; Transforming raw materials into finished goods or higher-value products boosts the Gross Domestic Product (GDP).
     “We envision increased export earnings because as a nation we are in the verge of earning more by exporting value-added products compared to exporting mineral raw materials, improving the trade balance in the near future,” he said.
    Research indicates the presence of 970 mineral deposits across Kenya’s 47 counties according to Mvurya.
    The refinery is expected to catalyze the country’s economic growth with Mvurya emphasizing that local residents should be prioritized for employment and tender opportunities.
    “We are creating new employment frontiers: Value addition processes, such as manufacturing, processing, and services, will create diverse job opportunities across different sectors,” he reiterated.
    On enhanced Skill Development he said that the mining jobs require a range of skills, contributing to workforce development and education and therefore part of the agreement with investors is to empower locals with skills and new technologies.
    Diversification of the sector, he said that value addition encourages the development of various industries, such as cottage industries, thus reducing dependence on a single sector and enhancing economic resilience.
    “We believe by adding value to mineral products, rural areas can benefit economically, reducing urban-rural disparities. The Small and Medium Enterprises (SMEs) will strongly come up and play a significant role in value addition, as well as promoting inclusive economic growth,” he added.
    He noted that value addition is vital for creating a more robust, diversified, and resilient economy, fostering sustainable development, and improving overall economic well-being.
    “We in the Ministry of Mining, Blue Economy and Maritime affairs are committed to this roadmap,” he said.
    Formation of a community development agreement committees he said will ensure locals receive 1 percent of the refinery’s benefits.
    Additionally, 20 percent of royalties will go to the county and 10 percent to the local community.
    Elijah Mwangi, the Principal Secretary for the State Department for Mining, underscored that the drive to establish mineral value addition centers is central to the proposed reforms in Kenya’s mining sector.
    He stressed the importance of ensuring that artisanal miners, who occupy the lowest levels of the mining ecosystem, receive fair compensation through increased profits from processed gold.
    Kenya currently lacks a refinery, resulting in the loss of all mined gold.
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Coast Times Digital
    • Website
    • Facebook
    • X (Twitter)

    Coast Times Digital is a news hub that bring to you information across the Coastal region and beyond in a manner that is guided by the editorial rules and laws.

    Related Posts

    Border Communities in Kwale Call for Peaceful Coexistence Amid Rising Cross-Border Tensions

    September 14, 2025

    Mabati Rolling Mills launches Sh2.92mwh rooftop solar system, as plans to address climate change take shape.

    September 12, 2025

    Governor Fatuma Achani Champions Culture and Environmental Restoration at Chenda Chenda Festival

    September 9, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Kwale County-based People Daily Journalist quits media to join the office of the government spokesperson

    January 24, 2024945

    Kwale magistrate order Diani OCS to investigate Diani DCI “money for freedom” claims by suspected Panga boys criminals.

    April 1, 2025876

    The untold story of Nyari sisal estate in Samburu-Chengoni, Kwale County

    March 26, 2024660

    BREAKING NEWS! Kilifi Blue economy chief officer allegedly stabbed to death by house maid

    July 20, 2023631
    Don't Miss
    Kwale

    Border Communities in Kwale Call for Peaceful Coexistence Amid Rising Cross-Border Tensions

    By Coast Times DigitalSeptember 14, 202510

    By Chari Suche Communities living along the Kenya–Tanzania border in Vanga and Jasini have renewed…

    Mabati Rolling Mills launches Sh2.92mwh rooftop solar system, as plans to address climate change take shape.

    September 12, 2025

    Governor Fatuma Achani Champions Culture and Environmental Restoration at Chenda Chenda Festival

    September 9, 2025

    Lamu Fishermen Demand Fair Fishing Policies, Criticizing Disparities in Enforcement

    September 5, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About

    SHIMBA HILLS MEDIA NETWORK
    P.o Box 351,80403, Kwale Tel: +254 734 869440
    Email: info@coasttimesdigital.com

    © {2022} Coast Times Digital.

    Type above and press Enter to search. Press Esc to cancel.