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
HARARE – Zimbabwe is forecasting a strong economic growth rebound, expecting a rise to 6 percent in 2025, up from just 2 percent this year. The recovery will be driven by improved agricultural performance and enhanced power generation, following the impacts of a severe drought, according to Finance Minister MthuliContinue Reading
Zambia made an unforgettable impression at the 2025 Mining Indaba, showcasing its growing influence in the mining sector with a packed Country Showcase that captured global attention. As Africa’s second-largest copper producer and a rising leader in critical minerals like cobalt and lithium, Zambia is positioning itself as an unparalleledContinue Reading
At the 37th special session of the Human Rights Council in Geneva on February 7, 2025, the International Chamber of Commerce and Development (CCID) called on the United Nations to increase transparency in the transfer of raw materials from Rwanda, emphasizing the need for stricter oversight to combat mineral exploitationContinue Reading
