Sunday , April 14 2024

Rwanda

Rwanda signs raw material deal with EIB

Authorities in Rwanda have signed a joint declaration to enhance investment in critical raw material value chains with the European Investment Bank (EIB). The agreement will strengthen technical and financial cooperation to identify critical raw material sector investment that creates skilled jobs, supports economic development, and ensures environmentally and socially …

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Africa needs to safeguard against cyber-attacks in mining and energy

Throughout 2022, 40% of industrial control system (ICS) computers globally were attacked with malware. In Africa, the figure sits at 47%, according to Kaspersky. The three countries which experienced the most attacks on ICS infrastructure were Ethiopia (62%), Algeria (59%), and Burundi (57%). They are followed by Rwanda (46%), Kenya …

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Rwanda seeks to increase the competitiveness of local ores on global markets

Only 35% of the mined minerals, which by the end of 2021 earned $516 million, are recovered in Rwanda. However, the mining board asserts that it requires a recovery rate of at least 60% in order to hit the aim of $1.5 billion in export revenue by 2024. Rwanda wants …

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Mining and Energy stakeholders looking forward to CHOGM meeting

Local mining and energy industry players are preparing for the opportunities that the Commonwealth Heads of Government Meeting (CHOGM) will bring to Rwanda. In June, the meeting will be held in Kigali, Rwanda. The Rwanda Development Board (RDB) met with several actors in the two sectors on Thursday, March 3, …

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BHP underlines a shift in strategy by investing in a nickel project

The decision by BHP to invest $100m in private UK miner Kabanga Nickel, which is developing a huge nickel project in Tanzania, marks a further shift in strategy for BHP, which has traditionally focused on less risky mining jurisdictions such as Australia, Chile and Canada that have been extensively developed. …

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Dafo amplifies its presence in Eastern Africa

Dafo Vehicle Fire Protection has started a partnership with Twakei Vehicle Fire Protection based in Nairobi, Kenya. Twakei is a specialist engineering company providing fire suppression services in Kenya, Tanzania, Ethiopia, Uganda, Sudan, Eritrea, Southern Sudan, Rwanda, Burundi, and Somalia. “We are very excited to join Dafo Vehicle’s family because …

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Merging small-scale mining firm to help firm gain financial and technical capacity to increase productivity-RMB

To boost production and accelerate recovery from the Covid-19 impacts, small-scale mining companies have begun the process of merging their operations into collective investment groups. The Covid-9 epidemic wreaked havoc on the mining industry. According to Narcisse Dushimimana, the Head of Mining Regulation and Inspection Department at Rwanda Mines, Petroleum …

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AfDB approves loan to electrify rural households in Rwanda

Nearly 77,470 rural households in south Rwanda will be electrified thanks to loans and grants from the African Development Bank (AfDB) Group. The funds will be used to help Rwanda achieve universal electrification by 2024 through a project called Transmission System Reinforcement and Last Mile Connectivity, according to the AfDB. …

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AFRICAN GOVTS SHOULD HARMONISE GOLD EXPORT TAXES TO CURB SMUGGLING,PROMOTE CONFLICT-FREE GOLD

The Investigation and Policy Group, The Sentry, has advised that the US and the EU must work with African governments to harmonize gold export taxes to reduce smuggling and promote conflict-free gold. Uganda, Rwanda, the Democratic Republic of Congo (DRC), the Central African Republic (CAR) and Cameroon are the countries …

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Rwanda-Qatar further consolidate economic ties

Rwanda is further developing economic relations with Qatar, this development has been bolstered by the two countries signing a Double Taxation Avoidance Agreement (DTAA) recently. The agreement aims to deepen economic cooperation between the two countries. The Agreement shall specify the taxation rights of the Contracting States in respect of …

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