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Rwanda to Issue Mining Licenses to Boost Investment by a Fifth

  • New permits for tantalum, tin, wolfram to be issued this year
  • Government seeking investors for innovation hub, tourism

Rwanda will issue 50 new licenses to mine metals including gold, tin and tantalum this year that may help boost investment in the East African nation by a fifth, the Rwanda Development Board said.

The state-run board expects to attract $2 billion of investment in 2018, compared with $1.67 billion last year, Chief Executive Officer Clare Akamanzi said in an interview in the capital, Kigali. It’s also seeking $200 million for a new innovation center in the city, and is planning a project known as Kivu Belt to boost tourism, she said.