| Updated Mon, May 29th 2017 at 00:00 GMT +3China Eximbank will fund Kenya’s mapping of geological resources if ongoing talks succeed. A source privy to the closed-door meetings disclosed to The Standard that the talks are at an advanced stage. The money will cater for both the geological mapping and interpretation of data. Previously, there were reservations in some government quarters of having a foreign company carry out geological mapping of minerals on grounds that it will expose the country’s wealth-and give conflicting details of the actual minerals. Three years ago, Kenya and the Geological Exploration Technology Institute from China had an agreement to carry out the mapping exercise at a cost of Sh6.5 billion.

Source: Standard Digital May 28, 2017 16:07 UTC