Terms of service

These terms apply when you use AfriMineX. Please read them before you register.

Last updated: 20 October 2026

This version is awaiting legal review.

1. Who we are

AfriMineX, the African Minerals Exchange, is run by AfriMineX Ltd, a company registered in Kenya. Our head office is at 8th Floor, Embankment Plaza, Longonot Road, Upperhill, P.O. Box 38883 - 00100, Nairobi, Kenya.

In these terms, “we” and “us” mean that company. “You” means the person or organisation using AfriMineX.

2. Accepting these terms

By registering or using AfriMineX, you agree to these terms. If you do not agree, please do not use the platform.

3. What AfriMineX is

AfriMineX is a platform on which artisanal mining groups in Kenya, licensed mineral dealers, refiners, assayers and service providers declare, test, document and sell gold.

The State Department for Mining licenses dealers, assayers and refiners under the Mining Act, 2016, and issues warrants, export permits and certificates of origin. We are not the regulator, and we do not decide licence or permit applications.

We do not guarantee the quality or origin of any gold beyond what its assay certificate, warrant and permits state. Some services start with the pilot. Where a page says so, these terms apply to that service from the day it starts.

4. Who may export

Only a licensed mineral dealer, refiner or processor may export gold. The licensed party that files the export application is the exporter of record. An artisanal group, or anyone else without a licence, acts through a licensed agent it appoints on the platform.

5. Fees and royalty

Our fees and the State Department for Mining's fees are set in published fee schedules. We show you the fees that apply before you confirm a transaction.

Royalty on gold is 3%. The Department assesses it against the exporter of record, and it is paid at the Department's cash office before the export permit and certificate of origin are issued.

6. Wallets, payments and payouts

Members withdraw from their AfriMineX wallet to their verified M-Pesa number, within the limits and holds shown in their account. M-Pesa payouts launch with the pilot.

Buyers pay by bank transfer, or by M-Pesa once M-Pesa payments launch with the pilot, using the payment reference we give them.

7. Capital participation (investors)

Investor accounts are opened by invitation only. Where we offer investors a way to fund trading activity, the tiers, terms, minimum commitments and limits are the ones we publish and show you when you commit. They are not fixed by this document.

  • Capital participation is a financial commitment. It does not buy shares in the company that runs AfriMineX.
  • Any return depends on how the activity your money is committed to actually performs. No return is guaranteed.
  • Participation depends on the capacity available and on any participation windows we publish.
  • Where your money is tied to a particular trading cycle or export consignment, any distribution reflects that activity's actual result.

8. Distributions (investors)

Where a distribution is owed, we calculate it from your recorded commitment and the recorded result of the activity it is tied to, at the rates and on the dates published for that structure, cycle or window.

9. Terms for each role

Artisanal groups, licensed buyers, assayers and other service providers each work under the terms, prices and steps for their role that we show them at registration and for each transaction. Nothing in this document overrides those terms.

10. Next of kin

Some account types ask you to register a next of kin. We use these details only as our privacy policy explains, and we look at them only in an emergency or where the law requires it.

11. Confidentiality

You agree to keep confidential:

  • details of our operations that you learn through the platform
  • financial information about other users
  • our business processes and plans
  • the relationships between suppliers, buyers and the other parties you deal with

12. Deposits and withdrawals (investors)

Our administrators check and approve every deposit. Withdrawals are processed on the operational schedule, and notice periods may apply, as set out in the terms for your account.

13. Using the platform

You agree to:

  • give accurate and complete information
  • keep your sign-in details secure
  • tell us straight away if someone uses your account without your permission
  • use the platform only for lawful purposes
  • not interfere with how the platform works

14. Limits on our liability

We are not liable for indirect, incidental, special, consequential or punitive losses that arise from your use of the platform, or from not being able to use it. This includes losses caused by price movements, operational problems and events outside our control.

We do not guarantee the quality, purity, origin or delivery of any gold beyond what its assay certificate, warrant and permits state.

15. Governing law

These terms are governed by the laws of Kenya. The courts of Kenya decide any dispute about them.

16. Changes to these terms

We may change these terms. We will tell you about important changes by email and in your notifications. If you keep using AfriMineX after a change, you accept the updated terms.

17. Contact us

For questions about these terms, contact us: