Kigali, March 6, 2026 — This afternoon at Urugwiro Village, His Excellency President Paul Kagame received a delegation from Samruk‑Kazyna, Kazakhstan’s sovereign wealth fund, led by its Chief Executive Officer, Mr. Nurlan Zhakupov.

The discussions centred on the recently signed cooperation agreement between Rwanda and Kazakhstan on critical minerals, with a focus on advancing collaboration in geological exploration, mineral resource development, and mining investment. Particular emphasis was placed on strengthening Rwanda’s positioning within the global critical minerals value chain amid growing international demand for strategic mineral resources.

As part of this cooperation, Ngali Holdings and Kazakhstan’s sovereign wealth fund Samruk‑Kazyna, through its mining subsidiary Tau‑Ken Samruk, have signed a Term Sheet agreement outlining joint efforts in the exploration and potential development of rare‑metal projects in Rwanda. The agreement follows high‑level engagements held in Kigali during the Kazakh delegation’s visit and reflects increasing international interest in Rwanda’s critical minerals sector.

This initiative underscores Rwanda’s expanding international partnerships in the mineral sector and supports the country’s broader strategy to strengthen mineral exploration and promote the responsible development of strategic resources. It also builds on the framework for bilateral cooperation established through a package of intergovernmental agreements signed during President Paul Kagame’s official visit to Kazakhstan in May 2025.

The Rwanda Mines, Petroleum and Gas Board (RMB) played a facilitating role in the engagement by supporting technical dialogue on Rwanda’s geological potential, coordinating an inter‑institutional technical team, and organising reconnaissance field visits to prospective areas. These efforts aim to inform further evaluation and decision‑making on mineral development opportunities in Rwanda.