Browsing: Economic Survey 2024

• Last year, the mining sector suffered 6.5% contraction, attributable to a dip in production of titanium and soda ash minerals.
• Overall, Kenya's total earnings from minerals dropped by 4.3% to $261.7 million in 2023.
• A further dip could be in the offing as Base Titanium, which accounts for 65% of total mineral exports, is set to cease mining operations December.

The challenges gripping Kenya’s mining sector are set to worsen this December when Base Titanium, arguably the biggest miner in the country closes shop following the depletion of minerals at its focus area, Kwale County. Base Titanium's closure is expected to an abrupt end to the export of rare earth minerals of Ilmenite, Rutile, and Zircon.

According to the miner, which has been undertaking exploration activities in the region, there will be no major investments in the near future since results have shown lack of enough deposits to support commercial…