Since 2013, titanium valued at over Sh35.5 billion has been produced and exported as the most important mineral for Kenya. A quick math puts Kenya's mineral wealth at Sh333,333 for everyone in the population of 45 million, in wealth that the political class would die to manage. The findings for the first time provide a collective and independent valuation of Kenya's mineral wealth. Dr Luis Franceschi, Dean of the Strathmore Law School, says the 'mineral wealth will play a catalytic role in the development of the country'. International markets peg the price of coal at Sh4500 per tonne, ($53), valuing Kenya's proven coal reserves at about Sh2 trillion.

Source: Standard Digital May 02, 2017 05:37 UTC