http://info.afrindex.com
China-Africa Trade Information Service
http://info.afrindex.com
China-Africa Trade Information Service
Image: The East African
Being among the fastest growing economies in Africa, Rwanda has a great opportunity of using its mineral resources to drive its industrialization, diversification and overall economic transformation.
GEMSTONES:
The exploration and exploitation of gemstones is still at a low level in Rwanda.
The country possesses a variety of gemstones including: beryl (Aquamarine), Amblygonite,Corundum (Ruby and sapphire), Tourmalines and different types of Quartz.
There are opportunities to set up businesses cutting and polishing gemstones.
INDUSTRIAL MINERALS:
Rwanda possesses a variety of minerals such as good quality silica sands, kaolin, granite, vermiculite, diatomite, clays, limestone, talcum, gypsum and pozzolan.
However, exploitation and processing of industrial minerals to meet the demand for construction materials is still low especially production of tiles, slabs sculptures, paints, bricks and concrete aggregates.
Producing more than 60 percent of the needed quantity onto the global market, Rwanda is among top producers of tantalum ore. In Rwanda, Tantalum production according to the board, is expected to exceed 2,500 tons in 2018. The board said, Over 2,000 tons of tantalum ore were produced and exported for the period of July 2017 to June 2018.
MINING EQUIPMENTS:
Mining equipment and services are required both in the country and the region. There is a gap in companies trading in or offering mining related services.
TRADE IN MINERAL SUBSTANCES:
Trade in mineral substances is carried out by holders of mining and mineral trading licenses and owners of smelting and screening companies. Trading in minerals, including cassiterite, wolframite and niobium – tantalite, must contain at least 30% value added.
Non Fiscal Incentives
Facilitate quick Investment registration
Facilitation with tax related services and exemptions
Facilitation with obtaining visas and Work permits
Notary services provided by Our One Stop Center
Assigning Key Account Manager to projects registered with in the One Stop Center
Facilitation to access utilities
Fiscal Incentives
0% Corporate Income Tax for Mining companies planning to relocate H/Q’s to Rwanda
Corporate Income Tax Holiday up to 7 years for investment of at least US$ 50 m
15% Preferential Corporate Income tax for projects exporting processed minerals up to 50% of turnover of minerals produced in Rwanda
Investment allowance of 50% or Accelerated depreciation of 50%
Capital Gains tax exemption and free repatration of Capital and assets
Import free on Heavy Machinary used in Mining
Vat exemption on Mining equipments
