Rwanda’s Mining Exports to UAE Surpass DRC’s by 7% in 2023
In 2023, the Rwanda Development Board reported a significant milestone for the country, with foreign exports reaching $3.5 billion, marking a remarkable 17.2% growth compared to 2020.
This growth, according to the government institution tasked with accelerating Rwanda’s economic development, stemmed from the export of various raw materials, including raw gold, platinum-plated gold, zirconium, tin, and tungsten.
Additionally, essential products like malt, wheat or meslin flour, cereal flours, coffee, tea, and cement contributed to this upward trend.
The United Arab Emirates emerged as the primary importer, accounting for 56.9% of Rwanda’s exports, particularly in minerals and horticultural products.
However, the report also highlights the Democratic Republic of Congo’s significant role, with 10.4% of exports, owing to the joint venture with the UAE, notably through Primara Gold. China, Hong Kong, and the United Kingdom followed with 5.0%, 2.6%, and 2.2% respectively.
While Rwanda celebrates its export success, concerns persist, particularly regarding the alleged illicit sourcing of minerals from neighboring DRC’s rebel-controlled areas.
Kinshasa has voiced apprehensions, suggesting that Rwanda’s economic expansion may be built on the exploitation of minerals from the DRC.
This report underscores the need for transparent and ethical practices in Rwanda’s mineral trade, ensuring that economic growth is not achieved at the expense of regional stability and integrity.
