Rwanda’s mineral export earnings are set to triple – from US$136.6 million (over Rwf87 billion), in 2012, to US$409 million (about Rwf261 billion), by 2017, according government projections.
Prime Minister Dr. Pierre Damien Habumuremyi announced the forecast Thursday while briefing both chambers of parliament on the state of the country’s mining sector.
The government is particularly determined to cease exporting unprocessed raw materials as it mulls plans to boost value addition and increase revenues, the premier said.
In 2012, he said, mineral exports were 28% of the country’s exports compared to tea and coffee which accounted for 14 and 12.6% of total national export revenues, respectively.
The country’s top forex earner – tourism – fetched US$281.8 million [over Rwf180 billion] last year, counting for 58.4% of total export earnings.
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