Kenya Unveils $5.29 Billion Gold Discovery in Kakamega, Shanta Gold Confirms Massive Find

Kenya has confirmed a major gold discovery worth $5.29 billion. The deposit is in the Isulu–Bushiangala area of Kakamega County. Shanta Gold Limited, a British mining company, verified the find. It is one of the country’s largest discoveries in decades. The discovery could transform Kenya’s mining sector. It is expected to create jobs, improve infrastructure and attract foreign investment.

Geological assessments show the site contains over 1.27 million ounces of gold. Officials say this could boost Kenya’s export potential. Investors are already showing interest. The find could position Kenya as a significant player in Africa’s mineral economy.

The mining sector stands to gain immediately. Thousands of direct and indirect jobs could be created. Local communities may see new roads, electricity and social amenities. Foreign investors are likely to bring in more capital. Government officials have called the discovery historic. They say it proves Kenya has untapped mineral wealth. They also emphasize responsible mining and environmental protection.

Shanta Gold says the site is accessible and has strong long-term potential. The company plans more exploration and feasibility studies. They aim to determine safe and efficient mining methods. Analysts predict the Kakamega site could become one of East Africa’s most productive gold mines.

Experts say the discovery could raise Kenya’s status in Africa’s mineral market. The find may encourage more exploration and investment. It is expected to boost jobs, local economies and regional growth. This is a landmark moment for Kenya’s mining industry.