Rwanda targets Sh4.5 billion from mining concessions

Rwanda has signed mining contracts with six companies to exploit 10 mining concessions that will earn the central African country up to $45 million (Sh4.5b) in five years, as part of a privatisation drive.

Mining, which the government says contributes 1.5 per cent of its $7.9 billion gross domestic product, is Rwanda's second-biggest foreign income earner after tourism, with metallic ore coltan bringing in the most money.