DRC Showcases Visionary Leadership at Mining Indaba 2025 The 2025 Investing in African Mining Indaba will host a prestigious delegation from the Democratic Republic of the Congo (DRC), led by H.E. Kizito Pakabomba Kapinga Mulume, Minister of Mines, and Hon. Louis Watum, Minister of Industry and Small and Medium EnterpriseContinue Reading
On January 18, 2025, President Félix-Antoine Tshisekedi of the Democratic Republic of Congo (DRC) delivered an address to ambassadors accredited to the country, spotlighting the government’s efforts to enhance the traceability of “strategic” minerals sourced from the eastern region. In his speech, Tshisekedi emphasized the critical importance of transparency andContinue Reading
Prime Minister Judith Suminwa has declared a nationwide moratorium on state control missions targeting businesses, following concerns raised by the Federation of Congolese Enterprises (FEC) regarding the administrative burden at the end of the fiscal year. The suspension, which is effective from December 16, 2024, to January 30, 2025, isContinue Reading
The Central Bank of Congo (BCC) has released its economic report for the second week of December 2024, highlighting diverse trends in the prices of major commodities as of December 12, 2024. Performance of Key Commodities International Food Commodity TrendsGlobal food prices generally trended downward: Economic InsightsThe BCC report underscoresContinue Reading
China Non-Ferrous Metal Company has reinforced its dedication to empowering local communities, setting a transformative example through its operations in Zambia. Robert Kamanga, Deputy Chief Executive Officer of Shaft 28 Technical, unveiled remarkable progress in the dewatering process at the Shaft 28 Mine, a project energized by a game-changing $100Continue Reading
DRC Faces $164 Million Budget Deficit Amid Rising Public Expenditures The Democratic Republic of Congo (DRC) is grappling with a budget deficit of approximately 575.9 billion Congolese Francs (CDF), equivalent to over $164 million, as of November 13, 2024, according to the Central Bank of Congo (BCC). This financial shortfallContinue Reading
Zambia and DRC Sign Milestone Agreement to Boost Trade and Infrastructure Zambia and the Democratic Republic of Congo (DRC) have sealed an agreement to construct a 145-kilometer road linking Kolwezi in the DRC to Lumwana in Zambia, through the Kambimba-Sakabinda border. This transformative project, finalized in Kolwezi, Lualaba Province, aimsContinue Reading
The Government of the Democratic Republic of Congo (DRC) raised $65.57 million through a local Treasury Bond auction held on November 19, 2024, as announced by Minister of Finance, Doudou Fwamba. The auction, which attracted six bidders, including banks and credit companies, saw a coverage rate of 65.57%, falling shortContinue Reading
Congolese Gold Prices Rise Slightly Amid Global Market Sensitivities During the week of November 11 to 16, 2024, the price of gold in the Democratic Republic of Congo (DRC) experienced a modest increase of 0.07%, climbing to $88.72 per gram from $88.66 the previous week, according to a report byContinue Reading
Carter Center Report Exposes Weak Social Commitments by DRC Mining Companies A November 2024 report by the Carter Center, White Paper on the Specifications of Mining Companies in the DRC, has unveiled major deficiencies in the social and sustainable development commitments of mining companies operating in the Democratic Republic ofContinue Reading
