UAE Eyes Strategic Partnership with Zambia to Boost Trade and Investment Michael Joseph Staford, Chief Financial Officer at Rafmol Gold in the United Arab Emirates (UAE), has emphasized the UAE’s keen interest in collaborating with the Zambian government to drive investments that directly benefit the Zambian people. Speaking at aContinue 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
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
A vibrant local capital market is crucial for attracting foreign institutional investors to Zambia’s mining sector, according to Norman Mbazima, a senior executive with over 20 years at Anglo American and Chairman of Anglo American Platinum. Speaking at the Zambian Mining and Investment Insaka, Mbazima emphasized the need to createContinue Reading
Zambia’s Minister of Mines and Minerals Development, Hon. Paul Kabuswe, MP, recently announced that the country’s mining sector has successfully attracted $12 billion in investments. Despite this impressive capital influx, the minister expressed concerns over stagnant copper production, which has remained at 750,000 metric tons. Minister Kabuswe reaffirmed the government’sContinue Reading
European countries and others have set ambitious targets to transition to electric mobility by 2035, with electric batteries being a cornerstone of this endeavor. These batteries consist of lithium and other vital minerals found in the Democratic Republic of Congo (DRC). However, the DRC faces challenges in fully leveraging itsContinue Reading
Zambia is on the cusp of a significant milestone as it prepares to inaugurate its car battery production by the end of July this year, buoyed by the arrival of crucial manufacturing equipment. During a recent inspection of the Jiangxi Multi Facility Economic Zone in Chibombo district, General Manager XuContinue Reading
The United Nations Development Programme (UNDP) has unveiled its intention to establish a Mining Technology (MinTech) hub in Zambia, with an investment exceeding K160 million. This initiative, disclosed during the Timbuktoo Retreat Strategy in Cape Town, South Africa, aims to foster innovation and collaboration within Zambia’s mining sector, leveraging technologyContinue Reading
During his visit to Solwezi Airport, President Hakainde Hichilema assured the residents of North Western Province of his government’s commitment to opening more mines in the region. Highlighting the potential for development, President Hichilema emphasized the importance of reopening mines such as Kasenseli and Kalengwa, which could significantly benefit theContinue Reading
