Market News

Mining is the second largest export in the Rwandan economy after tourism. In 2017, the sector generated about $373.4 million of foreign exchange. The government is constantly active to boost the exports by another 300% in the next 5 years. Rwanda is also one of the world’s largest producers of tin, tantalum, and tungsten while it also possesses a variety of minerals such as good quality silica sands, kaolin, vermiculite, diatomite, clays, limestone, talcum, gypsum, and pozzolan.

  • Rwanda targets billions annually from mineral exports

    The Rwandan mining sector has goals of increasing mineral export revenues to $800 million by 2020 and $1.5 billion annually by 2024. Frank Butera, Executive Secretary Rwanda Mining Association joins CNBC Africa for more on this.

    Posted on : By CNBC Africa -August 14, 2018

  • Rwanda mining sector revenue jumps to $373m boosting investment

    Posted on :Tuesday , 9th October 2018

    The Mining sector is Rwanda's second largest foreign exchange earner just behind tourism and the resilient East African country took in $166-million from exports of the commodities in 2016.

    Supported by a rebound in global prices of commodities, Rwanda's mineral exports earnings witnessed a more than double growth to $373-million in 2017 as compared to the previous 12 months, a top offi. . .

  • Encouraged by positive drilling outcomes of gold expansion, Ortac optimistic

    Posted on :Friday , 23rd February 2018

     Significant mineralisation intersection at the Casa mining project, in the Democratic Republic of the Congo was reported by the Aim-listed Ortac Resources on Thursday

    The new gold assay results emerged from the expansion and infill drill programme currently under way at its Akyanga gold deposit and show 8.70 m at 3.90 g/t gold from 98.40 m, including 2.80 m at 10.62 g/t gold fro. . .

  • New technology to assist with cable-theft detection in mines

    Posted on :Saturday , 2nd December 2017

     New designs of electronic protection and control relays as well as cable-theft detection, in diverse industries, including ventilation and cooling applications in mining and quarrying have been introduced by Mining system solutions supplier Becker Mining South Africa’s Proloc and ProBeck. The relays can also be used in the electrification, municipal, water and wastewater, chemicals,. . .

  • Expogroup Wins Big at the Tanzania Leadership Awards 2016

    Posted on :Friday , 3rd February 2017

      On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees. . .

  • AFRICA - THE NEXT GROWTH MARKET

    Posted on :Thursday , 24th November 2016

     Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities i. . .

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