An EU press statement revealed that the agreement entails joint efforts to improve the mining supply chain, collaborate on mineral processing to enhance value, and tackle the issue of illegal mineral trading by ensuring traceability right from the point of extraction.

The commitment also covers the promotion of eco-friendly mining practices and the pursuit of necessary funding to develop infrastructure supporting mineral extraction.

Both Rwanda and the EU agreed to invest in research, knowledge sharing, and the application of technology in the mining sector, covering extraction and processing stages.

The agreement also promises more educational opportunities for mining sector workers, especially in mineral processing, aiming to draw more investment to Rwanda. A plan to implement this agreement is expected to be ready within six months of its signing.

Dr. Biruta emphasized that this agreement marks a significant partnership between Rwanda and the EU, improving the management and quality of Rwandan minerals and reinforcing Rwanda’s position in the global market.

The Rwanda Mines, Petroleum, and Gas Board (RMB) reported a 43.0% increase in mineral export earnings in 2023, reaching over $1.1 billion, up from $772 million. Additionally, Rwanda is focusing on developing industries for in-country mineral processing to enhance value and boost its foreign exchange revenue.

The agreement was signed by Dr. Vincent Biruta, Rwanda's Minister of Foreign Affairs and International Cooperation and Jutta Urpilainen, the EU Commissioner for International Partnerships.