{"id":84195,"date":"2024-09-10T17:02:13","date_gmt":"2024-09-10T17:02:13","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029"},"modified":"2024-09-10T17:37:27","modified_gmt":"2024-09-10T17:37:27","slug":"rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029","title":{"rendered":"Rwanda eyes $2bn in annual mineral export earnings by 2029"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>The Rwandan government has set a target of about $2.2 billion in annual mineral exports by 2029, up from $1.1 billion generated in 2023.<\/p>\n

This is was said by Prime Minister Edouard Ngirente as he presented the five-year National Strategy for Transformation (NST2) to Parliament on Monday, September 9.<\/p>\n

Under the just-concluded NST1, a development strategy set in 2017, the government had targeted up to $1.5 billion in annual mineral expert revenues. Data for 2024 are not yet available.<\/p>\n

The second phase of the national development strategy will build on the gains since 2017 in all sectors, Ngirente told lawmakers. The NST1 and NST2 are medium-term strategies for Rwanda\u2019s Vision 2050, which targets $12,476 GDP per capita by 2050.<\/p>\n

The mining sector was the largest contributor to Rwanda\u2019s $3.5 billion generated by exports in 2023.<\/p>\n

Ngirente said the government projects annual export revenues to more than double to $7.3 billion by 2029.<\/p>\n

Mineral export revenues will contribute to a projected reduction in the trade deficit, he said.<\/p>\n

\u201cThis will be achieved through promoting professional mining that is eco-friendly,\u201d the Prime Minister said, adding that investment in local value addition and mineral processing will be encouraged.<\/p>\n

\u201cWith the aim to expand markets, the private sector will continue to be supported to meet standards on both domestic and international markets,\u201d he said.<\/p>\n

The value of export in relation to imports is projected to reach 77 per cent by 2029, up from 61 per cent in 2023, Ngirente said.<\/p>\n

\u201cThat growth [in export coverage of imports] will be achieved through increasing the value of exports, including manufactured products, flowers, fruits and vegetables,\u201d he observed.<\/p>\n

For More News And Analysis About Rwanda Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. The Rwandan government has set a target of about $2.2 billion in annual mineral exports by 2029, up from $1.1 billion generated in 2023. This is was said by Prime Minister Edouard Ngirente as he presented the five-year National Strategy for Transformation (NST2) to Parliament on Monday, September 9. Under the just-concluded […]<\/p>\n","protected":false},"author":84,"featured_media":84193,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[6505,1057,4728,496,6506,758,725],"class_list":["post-84195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-export-import-deficit","tag-exports","tag-mineral-exports","tag-mining","tag-nst2","tag-rwanda","tag-trade"],"yoast_head":"\nRwanda eyes $2bn in annual mineral export earnings by 2029 - Rwanda<\/title>\n<meta name=\"description\" content=\"The Rwandan government has set a target of about $2.2 billion in annual mineral exports by 2029, up from $1.1 billion ge ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rwanda eyes $2bn in annual mineral export earnings by 2029\" \/>\n<meta property=\"og:description\" content=\"The Rwandan government has set a target of about $2.2 billion in annual mineral exports by 2029, up from $1.1 billion ge ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-10T17:02:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-10T17:37:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/09\/sm_1725977219.648398.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rwanda eyes $2bn in annual mineral export earnings by 2029\",\"datePublished\":\"2024-09-10T17:02:13+00:00\",\"dateModified\":\"2024-09-10T17:37:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029\"},\"wordCount\":274,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/09\/sm_1725977219.648398.jpg\",\"keywords\":[\"EXPORT-IMPORT DEFICIT\",\"exports\",\"mineral exports\",\"mining\",\"NST2\",\"Rwanda\",\"trade\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-eyes-2bn-in-annual-mineral-export-earnings-by-2029\",\"name\":\"Rwanda eyes $2bn in annual mineral export earnings by 2029 - 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