Mercury—a highly toxic chemical used to extract gold from ore—is leaving a devastating impact on people and the environment. It damages the lungs, skin, and eyes while spreading far beyond mining sites, contaminating air, water, and soil. Even worse, mercury accumulates in the food chain, posing a serious threat toContinue Reading
The Pan-African Anti-Corruption Network (Unis), a member of the Congo is Not for Sale (CNPV) coalition, has released a bold new report proposing significant cost-cutting measures within the Democratic Republic of Congo’s (DRC) government. Published on Monday, February 24, the report focuses on eliminating wasteful spending, particularly in political institutions,Continue Reading
On February 19, 2025, Democratic Republic of Congo (DRC) Finance Minister Doudou Fwamba Likunde Li-Botayi met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), to discuss the implementation of the Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) programs. The meeting took place against theContinue Reading
In 2024, mining companies poured $130.7 million into exploration activities in the Democratic Republic of Congo (DRC), according to a report from S&P Global Market Intelligence published on February 21, 2025. This significant investment accounts for 10% of the $1.3 billion allocated to mining exploration across Africa that year, positioningContinue Reading
Zimbabwe Seeks $950 Million in New Effort to Revitalize Mining Projects Zimbabwe’s state-owned mining company, Kuvimba Mining House Ltd., is launching a new bid to raise $950 million a year after the government took full control of the firm. Under the leadership of CEO Trevor Barnard, Kuvimba is seeking fundingContinue 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
The Central Bank of Congo (BCC) has released its latest economic outlook for the period of January 31 to February 7, 2025, revealing notable shifts in key commodity prices that reflect global market forces and geopolitical developments. Copper Surges Amid Trade Policy Adjustments Copper prices climbed to $9,412.75 per tonne,Continue 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
Global miner and commodity trader Glencore has confirmed that it turned down an unsolicited bid for its operations in the Democratic Republic of Congo (DRC) at the end of last year. “Glencore has not engaged any banks or advisors and is not running a sale process for its operations inContinue Reading
The Democratic Republic of Congo (DRC) has classified certain mining sites in Masisi (North Kivu) and Kalehe (South Kivu) as “Red” zones, citing security concerns and the illicit trade of minerals. The Minister of Mines, Kizito Pakabombe, signed the ministerial order on February 12, 2025, placing restrictions on these areasContinue Reading
