Projects

Rwanda Overview

Rwanda has an excellent business framework and actively encourages foreign investment.  Piran is pleased to be an early entrant into Rwanda and looks forward to making a long-standing contribution to their mining sector and wider economy.

Providing a strong and stable Government, President Kagame was re-elected for a third term in August 2017.  President Kagame is credited with engineering Rwanda’s incredible turnaround from an ethnically divided country 20 years ago, to a united and stable nation today

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Rwanda is one of the fastest growing economies in Africa:

  • GDP growth has averaged 8 per cent a year since 2000, among the best on the continent
  • The Government actively promotes priority industries, i.e.: tourism, coffee and tea, light manufacturing and mining
  • In October 2017 the World Bank ranked Rwanda second in Sub-Saharan Africa for Ease of Doing Business
  • Significant investment has been placed in road, power and communication infrastructure to facilitate continued economic growth and foreign investment

Pro-investment regulatory environment:

  • Rwanda’s Mining Law was updated in 2014
  • All business sectors are open to private investment, both domestic and foreign
  • The Corporate Tax Rate is 30% and Royalty of 4% for base metals