Rwanda

Rwanda

Rwanda, is a landlocked country bordered by Uganda, Tanzania, Burundi, and DRC. Due to changes in government policy the nation is undergoing rapid economic growth with an increase of 8.6% in 2018, indeed Rwanda is the 2nd fastest growing economy in Africa, and is the most improved nation with respect to human development in the world. 

Rwanda is one of the easiest places to do business, it is ranked 2nd in Africa for ease of doing business, indeed it takes 6 hours to register a business, there is a rapidly growing bilingual and educated workforce, and the country has free trade agreements with over 50 countries. Rwanda has the lowest debt ratio in East Africa and has a stable international credit rating.

Rwanda is home to a vast array of mineral resources, there are known mineralization of industrial, precious and battery metals, gemstones, and rare earth elements.

The Government of Rwanda is fully committed to accelerating the development of its mineral resources sector, as it seeks to become the regional hub for mineral services such as processing and beneficiation. The Rwanda Mines, Petroleum, and Gas Board are responsible for the development and implementation of national mining policies and strategies. Indeed Rwanda has an attractive mineral resource fiscal regime, the royalties for Base Metals are 4% on Gross Value, for Gemstones the royalties are 6% on Gross Value, and this is the same for precious metals. Corporate income tax is at 30%. Rwanda has the necessary infrastructure for mineral resource projects, there is a good road network throughout the country, there is the Kigali-Dares Salaam Port a US2.5BN project to connect to Tanzania's standard gauge line(presently being built in two phases; Dares Salaam to Morogoro, and Morogoro to Makutupora), widely available water, and enhanced power availability and capacity. With respect to geology Rwanda is well known for being a world class 3-T (Tantalum, Tungsten, and Tin) mining destination. Rwanda is the world's biggest tantalum producer, 7th largest producer of Tungsten, and 12th largest Tin producer in the world. There is significant potential for gemstone and precious metal mining in Rwanda, the geological trend within the East African region show the region hosts large deposits of gold, these trends continue across Rwanda, with known deposits and a long mining history. With respect to battery metals, the country also has known lithium mineralization in the country with good potential for significant discoveries and has known world class nickel deposits in the region with Eastern Parts of Rwanda having the most potential. The East African region is known to host economic Rare Earth Elements (REE) deposits with known REE mineralization in Rwanda. Rwanda relies significantly on its mining industry as a source of foreign exchange earnings and government revenues. In 2017, the nation made US$373 million from mineral exports which was 14.9% exports of total exports. Rwanda aspires to be a middle-income country by 2035 and a high-income country by 2050. The national government will use a series of 7-year National Strategies for Transformation (NST1). Rwanda is the world's largest tantalum producer. In 2018, Power Resource Group invested $12 million in land for the development of the country's first tantalum refinery.