This year, Rwanda will issue 50 new mining licenses. These licenses will be related to ores such as gold, tantalum and tin. The government expects to boost investments by 1/5 in the country. Indeed, thanks to these issuances, $2billion will be invested in the country against $1.6 billion in 2017.

By developing its mining sector, Rwanda will boost its growth to 7% against 6% last year.  

In addition to this mining project, the country seeks $200 million to build an innovation center in Kigali. It also wants to set up a tourist site called Kivu Belt to promote the country’s Western part reputed for its gorilla. This could increase tourist revenues by 10% and generate $440 million in 2018.

Let’s recall that Rwanda is the second producer of tantalum in the world and the third supplier of tin in Africa.

Aaron Akinocho