In a discovery that could redefine Kenya’s economic future, geologists have confirmed the presence of cobalt deposits worth a staggering $7 trillion in the country. Cobalt, a critical component in batteries powering electric vehicles and electronics, is in high global demand — and Kenya may have just hit the jackpot.
The discovery, reportedly one of the largest in the world, has already stirred excitement in global markets. Multinational corporations are lining up for mining rights, while government officials have hailed the find as a potential game-changer for the country’s development.
But amid the buzz lies a crucial question: Will this wealth benefit all Kenyans — or just the powerful few?
Kenya's history with natural resources offers reason for skepticism. From gold to oil, previous discoveries have often failed to translate into tangible improvements for ordinary citizens. Corruption, lack of transparency, and weak enforcement of mining regulations have seen billions siphoned away by elites and foreign interests.
Analysts warn that without strong governance and community-driven frameworks, the cobalt boom could deepen inequality rather than bridge it. Already, locals near the discovery sites are expressing concern over potential displacement, environmental degradation, and lack of consultation.
Experts are calling for a national dialogue on how the proceeds will be used. Proposals include establishing a sovereign wealth fund, mandating public audits, and ensuring a percentage of revenue goes directly to affected communities.
This $7 trillion find could transform Kenya into a global cobalt powerhouse. But whether it uplifts millions or enriches a few hinges on political will, transparency, and citizen vigilance.
The world is watching. More importantly — so are Kenyans.
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