Kenya's extractive sector is losing KES 253 billion annually due to illicit financial flows. This situation represents not merely lost revenue, but also the theft of future opportunities.
#MineralsForClimateAction
Extractive Justice Today
@WilliamsRuto@HassanAliJoho
Additionally, coal from Kitui has the potential to power industries, provided it is managed sustainably. We must strive to learn about, protect and innovate with our mineral resources.
#MineralsForClimateAction
Extractive Justice Today
@WilliamsRuto@HassanAliJoho@KimtaiHarry
Kenya’s rich minerals from titanium, niobium, and copper to graphite and rare earths etc hold the key to powering solar, wind, and battery technologies for a green future.
#MineralsForClimateAction
Extractive Justice Today
@TaxJusticeAfric@KimtaiHarry
Kenya is currently experiencing increasing fiscal pressures, with its public debt anticipated to rise to 68% of GDP by the end of 2025, up from 67.3% in 2024, placing the nation within high-risk debt distress thresholds.
Although agriculture remains the cornerstone of the economy, contributing over 21.8% of GDP in 2023, the extractive sector, encompassing mining and quarrying, is underutilized, contributing less than 1% of GDP.
The Ministry of Petroleum and Mining estimates that the potential contribution of mining and mineral resources could range from 4% to 10% of GDP in the foreseeable future.
#MineralsForClimateAction
Extractive Justice Today
@WilliamsRuto@HassanAliJoho@KimtaiHarry@ActionAid_Kenya@TaxJusticeAfric@MercyGichengi
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