The Governor of Haut-Uele province has ordered the suspension of mining activities by Chinese operators in the region following an official visit to Watsa. This decision comes in response to illegal mining practices and environmental harm attributed to these operators. Provincial authorities revealed that Chinese companies have been exploiting resourcesContinue Reading
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
Jubilee Metals Group, a diversified metals producer listed on Aim and AltX, reported a decline in copper production at its Roan operation in Zambia due to ongoing power constraints. In its operational update for the six months ending December 31, marking the first half of the 2025 financial year, theContinue 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
Gemfields Faces High Tax Burden in Zambia as Export Duty Returns Shares of Gemfields (LON: GEM) (JSE: GML) dropped on Wednesday after the colored gemstone miner revealed it faces a steep tax hike in Zambia due to the reintroduction of a 15% export duty on emeralds. The export tax, reinstatedContinue 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
Zambia has been ranked among the top 10 fastest-growing economies in Africa for 2025, according to the latest World Economic Outlook report from the International Monetary Fund (IMF). The IMF forecasts a 6.6% GDP growth for Zambia, placing it sixth on the continent. This growth is expected to be drivenContinue Reading
Zambia’s Ministry of Energy is making a passionate appeal for increased investments in sustainable electricity generation to bridge the country’s significant power deficit, exacerbated by climate-induced low water levels. Speaking in Lusaka, Permanent Secretary Peter Mumba emphasized the government’s unwavering support for energy sector investments, highlighting the urgency of theContinue Reading
The World Bank has approved a $100 million financing package aimed at enhancing Zambia’s ability to manage natural disasters while strengthening its economic and climate resilience. The package combines a Climate and Economic Resilience Development Policy Financing (DPF) grant with a Catastrophe Drawdown Option (Cat-DDO), reflecting a dual approach toContinue 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
