Lualaba Generates 67% of DRC Mining Revenue in 2023, Highlighting Economic Dependence on Copper and Cobalt…
The province of Lualaba in the Democratic Republic of Congo recorded a dominant performance in the mining sector in 2023, generating approximately $3.93 billion in revenues, according to a report by the Extractive Industries Transparency Initiative (EITI) published in early 2026. These figures account for about 67.2% of the country’s total mining revenues, estimated at $5.85 billion for the year…Read full details
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Zambia Launches US$1.1 Billion Crude Oil Refinery Project in Ndola to Boost Energy Security and Industrial Growth…
The Zambian Government has officially launched the construction of a US$1.1 billion crude oil refinery in Ndola, marking a significant milestone in efforts to strengthen the country’s energy security and accelerate industrial development. Speaking at the ground-breaking ceremony, Minister of Energy Makozo Chikote said the project is being driven by the private sector through Fujian Xiang Xin Corporation… Read full details
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Alphamin Resources Sees 46% EBITDA Jump to $158M in Q1 on Strong Tin Prices and Stable Production…
Democratic Republic of Congo-focused tin producer Alphamin Resources is expected to report a 46% quarter-on-quarter increase in earnings before interest, taxes, depreciation and amortisation (EBITDA), reaching approximately $158 million for the quarter ended March 31. Tin production for the period totalled 5,026 tonnes, broadly in line with guidance of 20,000 tonnes annualized output and consistent… Read full details
Zambia Launches US$600,000 Export Development Fund to Support Youth Entrepreneurs, SMEs, and Mining Supply Chains…
The Zambia Development Agency (ZDA) has approved a new US$600,000 loan facility under the Zambia Export Development Fund (ZEDF) to support businesses engaged in exporting Zambian products. The funding is designed to accelerate the growth of Zambia’s non-traditional exports, create employment opportunities, and strengthen local industries. Notably, US$400,000 has been specifically allocated to youth… Read full details