{"id":52560,"date":"2025-01-09T13:26:54","date_gmt":"2025-01-09T13:26:54","guid":{"rendered":"https:\/\/new.igihe.com\/minister-sebahizi-vows-to-enhance-mineral-extraction\/"},"modified":"2025-01-09T20:03:46","modified_gmt":"2025-01-09T20:03:46","slug":"minister-sebahizi-vows-to-enhance-mineral-extraction","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/minister-sebahizi-vows-to-enhance-mineral-extraction\/","title":{"rendered":"Minister Sebahizi vows to enhance mineral extraction"},"content":{"rendered":"<p>In an interview with RBA, Minister Sebahizi emphasized the importance of key sectors such as manufacturing, agriculture, and mining as pillars of the national economy. <\/p>\n<p>He underscored the ministry\u2019s dedication to strengthening mineral extraction to fuel economic growth.<\/p>\n<p>\u201cThere remains significant untapped potential in mining, especially with the entry of new investors who add value to processed minerals. This is why we are focusing on increasing investment in industries to drive production and sustain economic progress,\u201d he said.<\/p>\n<p>Bosco Kayobotsi, Managing Director of Gasabo Gold Refinery Ltd, highlighted the significant growth in gold and silver processing during the 2023\/24 fiscal year.<\/p>\n<p>\u201cOur production has grown steadily, with the past two years showing the most substantial rise compared to the previous five years,\u201d he noted.<\/p>\n<p>Data from the National Institute of Statistics of Rwanda (NISR) shows that the industrial sector\u2019s overall output grew by 14.7% in November 2024 compared to November 2023. <\/p>\n<p>The mining and quarrying sector alone registered a remarkable 45.2% growth, while electricity production increased by 9.6%, and water and sanitation services rose by 12.8%.<\/p>\n<p>Oreste Mukiza, Public Relations and Communication Specialist at the Rwanda Mining Board (RMB), attributed this growth to initiatives supporting the mining sector, such as providing electricity to remote mining sites.<\/p>\n<p>\u201cThese electricity provisions enable the use of heavy machinery and advanced technology, making operations more efficient and significantly boosting production,\u201d Mukiza explained.<\/p>\n<p>Research conducted in 2017 identified 52 mineral-rich areas across Rwanda. <\/p>\n<p>The nation\u2019s underground mineral reserves are estimated to be worth approximately $154 billion.<\/p>\n<p>The RMB reported that Rwanda\u2019s mineral exports generated over $1.1 billion in 2023, a 43% increase from $772 million in 2022.<\/p>\n<figure class=\"spip-document spip-document-79998\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/i_am_nicole_photography_9-3-f999f.jpg\" alt=\"The Minister of Industry and Trade, Sebahizi has vowed to enhance mineral extraction. \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Trade and Industry, Prudence Sebahizi, has reaffirmed plans to bolster the mining sector to enhance productivity and its contribution to Rwanda\u2019s economy.<\/p>\n","protected":false},"author":62,"featured_media":2000079999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-52560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default 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