US-linked deal gives Rwanda 25% of tungsten venture before new American defence-supply rules take effect
Rwanda will take a 25% stake in a new tungsten venture with Nasdaq-listed Almonty Industries, positioning the African country to supply a metal used in missiles, ammunition and aircraft parts as the United States tightens its defence supply chains.
By Ayodeji AdegboyegaSouth Africa
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Rwanda will receive 25% of Almonty Rwanda in exchange for a tungsten concession and mineral-processing licence..Julian Stratenschulte/picture alliance via Getty Images
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About this article
- Length
- 21 words · 1 min read
- Published
- September 15, 2026
- Byline
- Ayodeji Adegboyega
- Source
- Business Insider