Cabinet makes the mining board independent and approves a tax treaty with Oman

Rwanda's Cabinet approved the organisational structure of the Rwanda Mines, Petroleum and Gas Board (RMB) at its meeting on 26 October 2026, according to the Cabinet communiqué. The board, previously part of the Rwanda Development Board, will operate as an independent institution to strengthen oversight of the mining sector.

Ministers approved a draft law ratifying the agreement between Rwanda and the Sultanate of Oman on the elimination of double taxation on income and the prevention of tax evasion, signed in Salalah on 8 September 2026. They also approved ratification of a European Investment Bank loan for the Volcanoes Community Resilience project in Northern Rwanda.

Cabinet approved a strategic capital mobilisation and investment promotion framework agreement with Raffles Family Office, and a management agreement with Luma & Lua for the redevelopment and management of the Musanze Cycling Center. A ministerial order amending the 2024 guidelines on the Common Reporting Standard, which governs the automatic exchange of financial account information, was also approved.

Cabinet was briefed on the government's consolidated financial statements for 2025/2026 and appointed a new Auditor General, Claudette Mukashyaka, with Gratien Kubwimana as deputy.

For companies with links to Oman, the treaty will apply once ratified by both countries. The Double Tax Treaties guide on this site lists Rwanda's treaties in force.