President Félix Tshisekedi has praised a significant achievement by the Democratic Republic of Congo (DRC)’s Ministry of Economy, which succeeded in cutting fuel subsidy losses by an impressive 89%—a move hailed as a milestone in the country’s ongoing economic reform agenda. In a formal letter of commendation, Anthony Nkinzo, DirectorContinue Reading
Controversial Assets May Have Shifted to Zimbabwe Amid Sanctions Zimbabwe’s state-linked mining giant Kuvimba Mining House is on the hunt for a massive $950 million in fresh capital to supercharge its gold and lithium production, according to CEO Trevor Barnard, who spoke at a high-profile mining conference in Victoria Falls.Continue Reading
Zambia’s ongoing mining sector reforms are beginning to yield visible economic benefits, including a stronger Kwacha and renewed investor optimism, according to the Advocates for National Development and Democracy (ANDD). ANDD Executive Director Samuel Banda pointed to the recent appreciation of the Kwacha—now trading at around 26.7 per US dollar—asContinue Reading
Kamoa Copper SA, one of the Democratic Republic of Congo’s leading copper producers, reinforced its commitment to local value creation and regional integration as a Platinum Sponsor at the 6th Katanga Business Meeting (KBM), held May 15–16 at the Lualaba Provincial Assembly in Kolwezi. Held under the theme “Building OurContinue Reading
In a bold step toward enhancing regional cooperation and energy security in Southern Africa, the Government of Mozambique has signed two pivotal memoranda of understanding (MoUs) with the Republics of Zambia and Zimbabwe. The agreements, facilitated through Mozambique’s Ministry of Mineral Resources and Energy, mark a strategic move to advanceContinue Reading
UK-based mining group Vedanta Resources is exploring a potential initial public offering (IPO) in the United States for its Zambian subsidiary, Konkola Copper Mines (KCM), aiming to raise around $1 billion to finance mine development, according to Reuters, citing sources familiar with the matter. The mining conglomerate, led by IndianContinue Reading
The Democratic Republic of Congo (DRC) has entered into a partnership with Erik Prince, the former U.S. Navy SEAL and founder of the private security firm Blackwater, to bolster efforts in securing mining revenues and enhancing transparency in the country’s lucrative extractive industries. The agreement—reached several months before the JanuaryContinue Reading
Gold prices are on track to exceed $4,000 per ounce in 2026, according to a JP Morgan forecast released on April 22, 2025. The bank cited rising U.S. recession risks and escalating trade tensions with China as key drivers behind the bullish outlook. JP Morgan expects gold to average $3,675Continue Reading
The Democratic Republic of Congo’s Ministry of Foreign Trade has released updated export prices for the week of April 21, 2025, revealing a mixed performance among key mining commodities. Gold and copper saw price increases following a week of declines. Gold rose to $103.32 per gram from $99.34, while copperContinue Reading
Zimbabwe’s central bank has resumed the sale of gold coins, nearly a year after suspending the program, as part of efforts to stabilize the local currency and rebuild market confidence. The move comes amid ongoing pressure on the recently introduced ZiG currency, which has struggled due to economic mismanagement, accordingContinue Reading
