sharing in governance of extractive industries

Unlocking Access to Finance for Mining in Rwanda

Read: Unlocking Access to Finance for mining in Rwanda

Access to formal finance is essential for enhancing exploration and upgrading of mining activities in Rwanda. Here 72 artisanal and 27 small-scale mining (ASM) operators comprising approximately 34,000-77,000 workers export, through the comptoir buyer system, a total US$260.5 million (2018-2019 figures) of mainly tin, tungsten, and tantalum (3Ts) per year – making mining the single top export income earner  in 2017/2018. But, to date, the sector has struggled accessing formal finance.

SDMR’s Access to Finance workshop on the 15th July 2019 saw over 80 stakeholders including programme experts, government, banking and mining champions convene to discuss needs, bottlenecks and share ideas. CEO of RMB, Honourable Francis Gatare opened the session underscoring the importance of finance for exploration and upgrading:

“Let's not forget access to finance because it's the core pillar for continuing the transformative journey that we have started in the mining sector”.

Read more about the workshop and the wider SDMR programme with RMB to professionalise the mining sector in this brief and on the SDMR website.

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