Zimbabwe’s deepening liquidity crisis is exacerbating the economy’s reliance on the US dollar, undermining the effectiveness of the gold-backed Zimbabwe Gold (ZiG) currency, introduced nearly a year ago. Launched on April 8, the ZiG was Zimbabwe’s sixth attempt since 2009 to establish a functional local currency, aiming to replace theContinue Reading
DRC Gold Trading SA, a partnership between the Democratic Republic of Congo and the United Arab Emirates, has been forced to halt its operations due to increasing insecurity in the region, exacerbated by the occupation of parts of South Kivu by M23 rebels backed by Rwanda. Founded in January 2023,Continue Reading
Zambia has launched The Zambezi Minute, an ambitious initiative aimed at capitalizing on global demand for critical minerals while ensuring jobs, revenue, and sustainability for its citizens. A New Approach to Investment & Growth With a streamlined regulatory system, every policy will be assessed by a single guiding question: “DoesContinue Reading
China is ramping up its imports of off-exchange refined copper, fueled by a production boom in the Democratic Republic of Congo (DRC) and growing concerns over potential disruptions from U.S. scrap restrictions, according to analysts and traders. This surge underscores China’s increasing reliance on Congolese copper, which now dominates aContinue Reading
The Anhui Congo Investment Company (SACIM) in Kasai-Oriental is grappling with mounting challenges, raising serious concerns across the region. A SACIM manager, speaking to Actualité.cd on February 26, 2025, revealed that the company, which typically produces around 300,000 carats of diamonds per month, is struggling to sell its output dueContinue Reading
The Zambian Ministry of Mines and Minerals Development has introduced the Zambia Integrated Mining Information System (ZIMIS), a state-of-the-art digital platform aimed at enhancing efficiency and transparency in the management of mining licenses. ZIMIS replaces the previous Cadastre System, offering a more streamlined approach to issuing mining rights. This upgradeContinue Reading
The Pan-African Anti-Corruption Network (Unis), a member of the Congo Is Not for Sale (CNPV) coalition, has released a report urging drastic reductions in government spending in the Democratic Republic of Congo (DRC). The report, published on February 24, highlights excessive costs tied to political institutions and calls for urgentContinue Reading
In a major shake-up of the global minerals market, the Authority for the Regulation and Control of Strategic Mineral Substances Markets (ARECOMS) has announced a four-month suspension of cobalt exports from the Democratic Republic of Congo (DRC), starting February 22, 2025. This decision is aimed at curbing the global oversupplyContinue Reading
Over 400 delegates from across the globe are set to converge on the Copperbelt region of Zambia next month for the 12th annual Zambia International Mining and Energy Conference and Exhibition (ZIMEC). Taking place from 19th to 20th March in Kitwe, ZIMEC will serve as a pivotal platform for theContinue Reading
Zimbabwe’s state-owned Kuvimba Mining House is seeking $950 million (Z$25.1 billion) to revitalize its lithium, platinum, and gold assets, marking a significant step in the country’s mining sector expansion. Under the leadership of CEO Trevor Barnard, the company is actively engaging with development banks, mining firms, and traders to secureContinue Reading
