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
The Democratic Republic of Congo (DRC), the world’s top producer of cobalt, loses nearly $1 billion every year to illegal trade, exacerbating conflict and deepening poverty, according to political analyst Oluwole Ojewale from the Institute for Security Studies. The True Cost of the DRC’s Cobalt Boom The DRC supplies 70%Continue Reading
The Bank of Zambia (BoZ) has raised its base interest rate by 0.5 percentage points, moving from 14% to 14.5%, in a strategic effort to stabilize the Kwacha and control inflation. Why the Rate Hike? The decision, announced after the Monetary Policy Committee (MPC) meeting held from February 10-11, alignsContinue Reading
HARARE – Chinese investments in Zimbabwe have not improved the lives of ordinary citizens, the United States ambassador to Harare Pamela Marie Tremont said, highlighting rising poverty and worsening inequalities despite significant financial inflows. “The number of people living below the poverty line has doubled since 2011 despite the significantContinue Reading
Zambia’s Minister of Transport and Logistics, Hon. Frank Tayali, has highlighted the Lobito Corridor Project as a game-changing initiative that will establish Zambia as a leading hub for electric vehicle (EV) battery production and assembly. Speaking at the Lobito Corridor Stakeholder Discussion during the recent Mining Indaba in South Africa,Continue Reading
