Rwanda’s mineral exports generate $1.7 billion in 2024

Rwanda's mineral export revenues reached $1.7 billion (Rwf2.38 trillion) in 2024, a significant increase from $373 million in 2017, according to Prime Minister Edouard Ngirente. Dr. Ngirente revealed on Friday, March 28, while presenting the government actions aimed at accelerating industrial production and exports for sustainable economic growth to Parliament. He stated that in 2024, Rwanda exported 2,384 tonnes of coltan, generating $99 million, while 4,861 tonnes of cassiterite brought in $96 million. Wolfram exports totaled 2,741 tonnes, contributing $36 million, while gold remained the

Rwanda's mineral export revenues reached $1.7 billion (Rwf2.38 trillion) in 2024, a significant increase from $373 million in 2017, according to Prime Minister Edouard Ngirente. Dr. Ngirente revealed on Friday, March 28, while presenting the government actions aimed at accelerating industrial production and exports for sustainable economic growth to Parliament. He stated that in 2024, Rwanda exported 2,384 tonnes of coltan, generating $99 million, while 4,861 tonnes of cassiterite brought in $96 million. Wolfram exports totaled 2,741 tonnes, contributing $36 million, while gold remained the leading mineral, generating $1.5 billion from 19,397 kilograms. The Prime Minister highlighted Rwanda’s ongoing efforts to boost mineral exports, particularly by shifting focus to processed minerals since 2020. "As a result, production has increased, and new minerals such as lithium and beryllium have been discovered," he said. He dismissed claims that Rwanda has limited mineral deposits, emphasizing that resources are distributed across various parts of the country. "Some people believe minerals are only found in a few locations in Rwanda. I want to clarify that minerals exist in many parts of the country," he told Parliament. Investment in the mining sector has also grown significantly, rising from $25 million in 2010 to $121 million in 2023. Dr. Ngirente stated that this growth reflects a well-structured and strategic approach to developing the industry.