A British mining company, Shanta Gold Kenya Limited, has announced a groundbreaking discovery of gold deposits worth over $5.28 billion in western Kenya’s Kakamega County. This historic find follows years of exploration and drilling and includes the discovery of high-grade ore suitable for commercial mining.
Shanta plans to invest $208 million to develop a mine and processing plant, potentially establishing Kenya’s first large-scale underground gold operation.
Officials and experts say the discovery could transform Kenya into a major East African gold producer—historically dominated by Tanzania and Sudan—while boosting local jobs, business opportunities, and government revenue.
Feasibility studies are underway as the project positions Kenya for rapid growth in the global gold market.
ENTEBBE, Uganda, 27 October 2026 -/African Media Agency(AMA)/ - When nine-year-old James Ssemambo developed severe…
International Space Station’s use of tabular AI and expanded partnerships demonstrate the art of the…
UNICEF says a conditional deal could lower the RTS,S malaria vaccine price by about 40%…
An African Development Bank report points to faster growth while warning that Zambia still faces…
A partnership backed by a $1 million grant is mapping skills demand and planning local…
The financing is designed to cushion energy costs while supporting Botswana’s private-sector and jobs reforms.