Risk notice

The main risks of selling and buying gold on AfriMineX.

Last updated: 20 October 2026

Read this before you sell or buy

Selling and buying gold carries real risks. Prices move, test results can differ, and some services are still being introduced. This notice explains the main ones.

This version is awaiting legal review.

1. The gold price can fall

The reference price follows the world gold price, which moves with the US dollar, interest rates and world events. The price can fall between the time your gold is assayed and the time it is sold.

Prices are set in US dollars and many payments are made in Kenya shillings, so the exchange rate also affects what you receive.

2. Assay results can differ

Laboratories can measure the same gold slightly differently. The price depends on the fine gold the assay measures, so a different result means a different price. If you doubt a result, ask for a re-assay through support.

3. M-Pesa limits and payouts

M-Pesa has per-transaction and daily limits far below the value of most consignments, so large amounts go by bank transfer.

M-Pesa payouts launch with the pilot. Until then they run in test mode and no money is sent. When they run, we hold a payout if the name M-Pesa has for your number does not match the name on your account, until our finance team has checked it.

4. Some services are not live yet

AfriMineX is in its pilot stage. Selling through the exchange and escrow settlement start with the pilot. Until escrow settlement is live, check every document on the verification page before you pay or hand over gold.

5. Decisions by the State Department for Mining

The Department decides licences, warrants and export permits, assesses royalty (3% for gold) and sets its own fees. It can refuse, delay, suspend or revoke a licence or permit, and it can change its rules and fees. Any of these can stop or delay a sale or an export.

6. Operating in Kenya

Our operations in Kenya face these challenges:

  • long, difficult journeys between mining sites, intake points and laboratories
  • supply from artisanal groups that can be irregular
  • a small number of staff, assayers and partners at this early stage
  • equipment that can break down or need maintenance

7. Others may not do their part

  • A group may not deliver the gold it declared.
  • A buyer may not pay.
  • An assayer, refiner, courier or bank may fail to do its part.

8. Theft, forgery and fraud

  • Gold can be stolen, especially while it is moved.
  • Documents can be forged. That is why every licence and document carries a number you can check.
  • Accounts can be targeted by fraud. Never share a code we send you.

9. If you are an investor

Investor accounts are by invitation only. If you have one: any return depends on how the trading activity performs, and no return is guaranteed. You could lose some or all of the money you commit, distributions can be delayed, and your money may be committed for a fixed period. The activity is in one commodity, gold, and one country, Kenya.

10. Contact us

For questions about these risks, contact us: