Explanation of the legitimate process of bringing in and exporting gold in Kenya, including required licenses and approvals, taxes, and transportation methods.

Understanding the Legitimate Process of Bringing Gold into and out of Kenya

Introduction
– Recent reports of fake gold in Kenya
– Importance of understanding the legitimate process of gold trade

The Mineral Dealers Trading License
– Requirement for trading in minerals like gold
– International buyers can purchase gold from licensed dealers
– Majority of the world’s gold originates from the Democratic Republic of Congo (DRC)
– Challenges of buying gold from eastern Congo under rebel control

Exporting Gold from Kenya
– Applying for an export permit from the Ministry of Mining
– Required details in the application form
– Approval from the Cabinet Secretary or approving officer
– Two percent royalty fee charged by the Kenya Revenue Authority (KRA)

Transportation and Customs Clearance
– Available transportation options (air, road, or sea)
– Safety concerns for transporting gold through multiple borders
– Customs department’s role in checking consignment documents and sealing the package
– Rejection of goods that do not match declared details

Consequences of Flouting the Process
– Illegal process for exporting gold from Kenya
– Importance of following the legitimate process

Conclusion
– Summary of the legitimate process for bringing gold into and out of Kenya
– Generated in cooperation with the Ministry of Petroleum and Mining and the KRA
– Emphasis on adherence to the process to prevent illegal activities.