Joho Engages Equity Bank to Boost Financing for Mining Sector

Mining Cabinet Secretary Hassan Ali Joho has held discussions with Equity Bank Group Director in charge of Mining and Extractives, Vusi Mpofu, on strengthening financial support for Kenya’s mining sector.

The meeting focused on ways the bank can deepen its role in empowering licensed artisanal and small-scale miners through tailored investment capital, building on its existing footprint in Tanzania, Uganda, and the Democratic Republic of Congo.

Joho welcomed Equity Bank’s commitment to partnering with the Ministry in advancing the growth and formalisation of the artisanal and small-scale mining subsector, noting that the collaboration has the potential to unlock livelihoods, enhance value addition, and improve productivity in the industry.

“We discussed how Equity Bank can deepen its role in empowering licensed artisanal and small-scale miners through the provision of tailored investment capital,” he said.

The two sides also explored aligning financing solutions with government policy and regulatory frameworks in the mining sector, with a view to improving efficiency and compliance within the industry.

In addition, the discussions examined opportunities to attract Foreign Direct Investment into large-scale mining projects, which are seen as key drivers of long-term economic transformation.

Joho said the partnership will help position Kenya’s mining sector as a competitive investment destination while strengthening sustainable resource exploitation.

The meeting was also attended by Mining Principal Secretary Harry Kimtai.