Many countries in Africa are making exciting changes to how they manage their precious minerals like gold. Instead of sending these valuable resources abroad in their raw form, countries such as Ghana, Tanzania, the Democratic Republic of Congo, and Ethiopia are now focusing on processing them locally. This means they want to add value to the minerals before they are exported, which can help boost their economies and benefit their people.
Kenya Joins the Movement
Recently, Kenya announced its plans to restrict the direct export of valuable minerals, including gold, gemstones, and granite. According to Elijah Mwangi, Kenya’s Principal Secretary for Mining, the country is building new plants that will process these minerals. The first plants are expected to be finished by the middle of next year, allowing Kenya to export high-quality products instead of just raw materials.
Mwangi emphasized that Kenya has a duty to ensure that the minerals mined within its borders benefit the local communities. This approach not only helps the economy but also creates jobs for the people living near the mining areas.
A Multibillion-Shilling Investment
Kenya’s new gold refinery is a massive project, costing around Sh5.8 billion (more than $38 million). This refinery will be located in Kakamega. Additionally, a granite processing plant is being built in Vihiga County at a cost of Sh2.5 billion (more than $15 million). These investments are expected to bring significant changes to the local economy.
In an interview with the local news outlet Business Daily, Mwangi stated that mining is a key part of Kenya’s manufacturing sector. He believes that by focusing on local processing, the country can increase its wealth, strengthen its economy, create jobs, and boost rural incomes.
A Broader Trend Across Africa
Kenya is not alone in this movement. Other African nations are also working to keep their mineral wealth within their borders. For example, Uganda has set up a state-owned mining company to manage government interests in mining. Meanwhile, Zimbabwe’s President, Emmerson Mnangagwa, is encouraging businesses to invest in infrastructure that can enhance the value of their minerals, especially those that are crucial for clean energy, like lithium.
The Bigger Picture
This shift in approach to mineral processing in Africa shows a growing commitment to local communities and economic development. By keeping more value from their natural resources at home, these countries are taking significant steps toward prosperity and sustainability. As these new processing plants open and begin operation, the benefits for local communities and the overall economy could be enormous.
