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Kenya Creates Single State Channel for Gold Exports to Curb Smuggling & Boost Forex

Kenya Creates Single State Channel for Gold Exports to Curb Smuggling & Boost Forex

Sputnik Africa

Kenya Creates Single State Channel for Gold Exports to Curb Smuggling & Boost ForexThis system will track and account for all gold leaving the country... 16.04.2026, Sputnik Africa

2026-04-16T01:37+0200

2026-04-16T01:37+0200

2026-04-16T01:44+0200

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Kenya Creates Single State Channel for Gold Exports to Curb Smuggling & Boost ForexThis system will track and account for all gold leaving the country, Mines Secretary Thomas Mutwiwa said. However, the measure could negatively impact miners by creating a government monopoly over gold exports, Titus Walucho, Kakamega-based gold mining intermediary, told Sputnik Africa.Watch Sputnik's video to learn more about how Kenya's gold processing and exports will change under the new system.Subscribe to @sputnik_africa Sputnik Africa | X

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