Tue. Dec 10th, 2024

Financial Hurdles Still a Major Hindrence to Kenya’s Artisanal Miners

Artisanal and small-scale miners in Kenya face significant challenges, particularly in accessing financial assistance.

The lack of recognition in the banking sector hinders their ability to secure loans and grants, limiting their potential to scale up operations and improve livelihoods.

Solidaridad and Impact Facility are working to address these challenges through various initiatives.

The “Project Access” program, funded by the European Partnership for Responsible Minerals (EPRM), aims to formalize the sector, empower mining communities, and improve environmental and social standards.

By providing technical support, training, and facilitating access to markets, Impact Facility is helping miners to increase productivity and safety.

Additionally, the organization is working with financial institutions to develop tailored financial products for the mining sector.

Artisanal miners like Lawrence Oduor and Alex Ocholo emphasize the need for financial support to acquire modern equipment and improve mining techniques.

They hope that the gazettement of Artisanal Mining Committees will pave the way for increased recognition and access to financial services.

Through collaborative efforts and innovative solutions, Solidaridad, Impact Facility, and other stakeholders are working to empower artisanal and small-scale miners, ensuring a sustainable and prosperous future for these communities.

By Treeza Auma

Treeza Auma is a Digital Content Producer and founder of https://www.ktmn.co.ke KTMN She is also Television journalist at Kenya News Agency and Leadership Accelerator at Women in News.

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