- published: 23 Aug 2012
- views: 1329
The African continent is very rich of minerals. This mineral wealth could make a tremendous contribution to the economic development of the continent. Still, the African mining sector serves primarily as a source of raw minerals exported for processing in Europe and Asia. Many countries are struggling to add value to the minerals they extract. In 2011, the Evert Vermeer Stichting visited Rwanda and executed an extensive research on Rwanda's mining sector. Learn more about the relation between mining, development, and European policy on www.fairpolitics.eu. And read our research report about mining in Rwanda.
KPMG's Sara Ellison traveled to the Democratic Republic of Congo to visit the first conflict-free mine in Rwanda. She had her camera and captured some moments along the way. For more information on Conflict Minerals visit: http://www.kpmg.com/US/en/topics/Pages/conflict-minerals.aspx
The African continent is very rich of minerals. This mineral wealth could make a tremendous contribution to the economic development of the continent. Still, the African mining sector serves primarily as a source of raw minerals exported for processing in Europe and Asia. Many countries are struggling to add value to the minerals they extract. A production for the Evert Vermeer Stichting and Fair Politics, August 2012.
Artisinal miners in Rwanda take a motivational break.
Although Africa has a great natural resource wealth, many of its inhabitants are still plagued by poverty. Mining provides men aswell as women an opportunity to escape this poverty. In 2011, the Evert Vermeer Stichting visited Rwanda and executed an extensive research on Rwanda's mining sector. Learn more about the relation between mining, development, and European policy on www.fairpolitics.eu. And read our research report about mining in Rwanda.
Rwanda has said it expects its official foreign exchange reserves, to fall after a dip in the prices of its mineral exports. This month, Rwanda secured an 18-month $204 million standby facility from the IMF to bolster reserves. The IMF said reserves stood at $817 million at the end of March. Rwanda has a policy of keeping its foreign exchange reserves at above three months of import cover. Despite the commodity price shock, Rwanda's economy grew at 6.9 percent in 2015 and is forecast to expand by 6 percent in both 2016 and 2017. The exchange rate has however come under pressure and the current account deficit has widened. Reserves would slide to 3.2 months import cover by the end of 2016 and 2.5 months at end-2017, before rising to 2.9 months by the end of 2018.
This video is about mining in Rwanda and the exact source of minerals exported.
Rwanda's mining sector stands as one of the main contributor to the country's GDP, contributing 103 million dollars from January to August 2016, averaging $143 million dollars per year for the last 7 years. As the country aims to improve output by 28 per cent and revenue gains to 400 million dollars by 2017/2018, what is the future of the country's mining sector over fluctuating global commodity prices?
A Uganda multi-stakeholder study tour to Rwanda to learn how Rwanda organizes and regulates Artisanal and Small scale Mining (ASM). Key lessons highlighted include; Rwanda's implementation of the ICGLR, Regional Certification Mechanism, private sector led community participation in mining operations and best practices in Environment, Health and Safety (EHS) as well as effective participation of women in mining.
Under President Paul Kagame Rwanda has gone from carnage to calm. So why are his people terrified of him? Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: http://films.economist.com/ Check out The Economist’s full video catalogue: http://econ.st/20IehQk Like The Economist on Facebook: https://www.facebook.com/TheEconomist/ Follow The Economist on Twitter: https://twitter.com/theeconomist Follow us on Instagram: https://www.instagram.com/theeconomist/ Follow us on LINE: http://econ.st/1WXkOo6 Follow us on Medium: https://medium.com/@the_economist
Kenyan businessmen are taking advantage of reforms in Rwanda's business laws to expand their operations in the East African Community. Thousands of Kenyans are currently working or doing business in Rwanda due to the progressive business policies. And as sally Mbilu reports , reduced bureaucracy in starting up a business is just one of the many reforms that are attracting investors.
Rwanda president sees growth accelerating on banking, mining DUBAI – Rwandan economic growth is expected to accelerate this year and next as the outlook for industries including financial services, tourism and mining improves, President Paul Kagame said. The pace of expansion is expected to increase to 7% next year from about 6% this year, Kagame said Thursday in an interview in Dubai. That compares with 2016’s growth rate of 5.9%, which was a three-year low. Output already increased in the second and third quarters after slowing last year when infrastruc...