14/07/2025
PHOTOS: History was made today when Kenya organised the first ever gold summit in Migori town today since gold was first discovered in Kenya in 1893 at Lolgorien and Jombo Hills.
The Principal Secretary, State Department for Mining, Mr. Hillary Kimtai officially opened the three day Nyanza Gold Summit which started today at Vannah Hotel alongside Migori county environment Waziri Julius Nyerere who represented Migori governor Ochillo Ayacko.
Former Migori governor Okoth Obado also graced the function.
The summit has not only brought gold sector stakeholders in Kenya but also nearby Tanzania and Uganda, and across the globe from Estonia, USA and China among other countries.
With a theme of “Enabling Responsible Gold Mining: Bridging Innovation, Finance, and Collaboration for Kenya’s Artisanal and Large-Scale Miners,’’ the summit will help in sharing combined commitment and cooperative between the sector and the government to ensure gold and the mining sector is viable as an investment hub.
With the government of Kenya economic model of bottom up economic transformation, the PS confirmed the move to ensure artisanal and small scale miners are licenses and given permit which will be a key historic moment.
He also said the gold mining sector was collaborating with the Central Bank Of Kenya to speed up the gold processing plant in Kakamega to make it able to move the country into investing in more financial steady gold as a reserve at the main bank, instead of foreign currency which are susceptible to shockwaves.
Soon through the plant Central Bank of Kenya will be able to buy gold directly from Kenyans which will be a game changer in the sector.
For more details: www.nyanzanews.co.ke
