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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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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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Rwanda looks to mining to Shore Up Forex Revenues

Rwanda Officials are now looking at mining with the expectation that the sector will be able to boost the country’s economic recovery in the medium term. The country is looking at ways to increase the production of minerals to attract more foreign exchange earnings after the Covid-19 outbreak, which has …

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Authorities are probing the disappearance of hot springs in Mashyuza cell

The news about the fading of the hot spring has been circulating on social media with some people blaming cement producer -CIMERWA for triggering the degradation while using detonators to extract stones. Institutions in charge of Water Resources, Disaster Management, Environment Protection and Mining are probing the disappearance of hot …

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Congo’s gold smuggled smuggled in tonnes

According to a report, a group of the United Nations (UN) experts found that gold production in the East African region of the Democratic Republic of Congo (DRC) is being systematically underreported while tonnes of the precious metal are smuggled into global supply chains through its eastern neighbours. The Democratic Republic …

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Rwanda’s new mining regulations amid COVID-19

Rwanda has released preventive guidelines for mining operators to take measures against the novel coronavirus, local media reported Friday. Guidelines request operators provide protective equipment, prevent overcrowding, improve tunnel ventilation, testing “We want to ensure that they are protected from infection in the workplace, and this will also help the …

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ARM look to dispose of its Rwanda, SA subsidiaries

Athi River Mining (ARM) is reportedly seeking to dispose of its Rwanda and South African subsidiaries to pay off $284 million owed to creditors. The troubled cement maker has a mountain of debts owed to creditors in Kenya ($170 million), Tanzania ($110 million) and Rwanda ($4 million). Administrators of the …

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Handing Back Colonial-Era Mining Data will support Rwanda’s mineral exploration efforts, says RMB

The move by Belgium to hand back the data on geology and mining on Rwanda which was recorded during the colonial era will support Rwanda’s mineral exploration efforts. This is according to Francis Gatare the Chief Executive Officer (CEO) of Rwanda Mines, Petroleum & Gas Board (RMB). Gatare said the …

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