EU, Rwanda signs deal for mining sector boost

EU, Rwanda signs deal for mining sector boost

KIGALI, Feb. 19 (RwandaSun): The European Union and Rwanda have entered an important agreement to nurture sustainable and resilient value chains for critical raw materials.

Randa’s Minister of Foreign Affairs, Vincent Biruta, signed on behalf of Rwanda and Commissioner for International Partnerships, Jutta Urpilainen signed on behalf of the EU commission.

Biruta said Monday’s agreement “underscores Rwanda’s commitment to unlocking the full potential of our mining sector, while contributing to the supply of critical minerals required for the transition towards a greener, more sustainable global economy.”

“This agreement further guarantees the quality and traceability of our raw materials, reaffirming Rwanda as a reliable partner in international trade. Rwanda values its partnership with the EU and looks forward to further strengthening our growing cooperation,” he said.

“Global Gateway provides the framework for ambitious and strategic partnerships driving structural transformation and promoting added value, like this partnership on raw materials value chains with Rwanda. It is not only about trade and investments: it is about the planet and the people who will benefit from a sustainable, transparent, and resilient value chain of critical raw materials,” said Urpilainen.

This MoU establishes close cooperation between the EU and Rwanda in the five areas.

Integration of sustainable raw materials value chains and support for economic diversification, ensuring good functioning and sustainability of these value chains.

Cooperation to achieve sustainable and responsible production and valorisation of critical and strategic raw materials.

This includes increased due diligence and traceability, cooperation in fighting against illegal trafficking of raw materials and alignment with international Environmental, Social and Governance (ESG) standards.

Mobilisation of funding for deployment of infrastructure required for the development of raw material value chains, including through improving the investment climate.

Research and innovation and sharing of knowledge and technologies related to sustainable exploration, extraction, refining, processing, valorisation and recycling of critical and strategic raw materials, their substitution, waste management and monitoring of supply risks.

Building of capacity to enforce relevant rules, increasing training and skills related to the critical and strategic raw materials value chain.

The signature of the Memorandum of Understanding between the EU and Rwanda signals both parties’ intention to strengthen their partnership for closer integration of raw materials value chains.

This cooperation model will bring the possibility for the partner country to diversify their economy and will be a driver for structural transformation as it will promote added value and integrate better standards in the partner country.

The EU’s Global Gateway investment plan will be instrumental in providing the financial support needed in skills development in the mining sector, improved transparency and traceability and support to mobilising funds for infrastructures.

This Memorandum of Understanding (MoU) with Rwanda follows the signature of a MoU with the DRC and with the Republic of Zambia at the Global Gateway Forum on 26 October 2023, and with Namibia on 8 November 2022.

Outside of Africa, EU’s Memoranda of Understanding on sustainable raw materials value chains are in place with Argentina, Canada, Chile, Greenland, Kazakhstan and Ukraine.

THE RWANDASUN

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Johnson NDEKEZI

Johnson NDEKEZI is a Journalist covering all topics in the Entertainment World as well as Political and current Affairs.

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