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 …
Read More »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 …
Read More »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, …
Read More »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. …
Read More »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 …
Read More »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 …
Read More »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. …
Read More »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 …
Read More »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 …
Read More »Rwandan Mining sector to get a US$20M boost from a UK company
Brian Menell, a renowned South African mining, oil and gas and banking businessman, among other industries, reported that in the next two years, TechMet, a UK-based mining firm, will deploy more resources worth $20 million (approximately Rwf19.5 billion) into its Rwanda operations. He confirmed this during a virtual press conference …
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