“Clause 10 of the signed mining licence requires Carbacid to file progress reports and sales returns which form the basis for royalty payments. The revelations now put the Mining ministry on the spot with regard to the system of tracking operators and the actual revenue due to the government. “Base Titanium complies with the full range of reporting requirements set out under its Special Mining Lease and the relevant laws and regulations. Every shipment is made under an export permit granted by the Ministry of Mining,” the firm wrote in response to our queries. TJNA estimates that East Africa loses up to Sh200 billion a year by granting tax incentives to multinationals in the extractive sector.

Source: Daily Nation October 31, 2016 10:50 UTC