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DRC government called on to make country's electrification project urgent 18 Mining in DRC Electricity Energy 

DRC government called on to make country’s electrification project urgent

The President of the Republic Félix Tshisekedi during the 51st meeting of the Council of Ministers reminded the members of the government that the constitution of the republic enshrines the right of access to drinking water and electricity for anyone on the Congolese soil. This right is therefore constitutive of an obligation of execution for the government in spite of the ultra-priority nature of the electrification of the country.  According to him, the situation in this sector is slowly changing. “This situation weighs heavily on the social life of our fellow… Read More Here
DRC's Didier Budimbu is mobilizing some investors for the next calls for tenders for oil and gas blocks 19 Oil & Gas Mining in DRC Mining Policy 

DRC’s Didier Budimbu is mobilizing some investors for the next calls for tenders for oil and gas blocks

The Minister of Hydrocarbons, Didier Budimbu has been staying in Kuwait since this Thursday, April 28, 2022. In his suite, he is accompanied by the ad interim Director General of the national hydrocarbons company of Congo, Sylvie Ntazambi Bizitu as well as the delegation of the company Surestream of the Ledya group led by its PCA, Claude Bossio wa Bossio. The purpose of this working visit is to discuss with the head of the group Alghanim International general, trading Fouad Alghanim specialized in oil and gas logistics on the various… Read More Here
DRC investment climate has improved under Felix Tshisekedi's administration, US report says 20 Mining in DRC Economy Governance 

DRC investment climate has improved under Felix Tshisekedi’s administration, US report says

From openness to foreign direct investment to the fight against corruption, including the return of the DRC to AGOA, the implementation of reforms to improve the judicial system, transparency in the management of public finances, the facilitation business through the Single Window for Business Creation (GUCE), the raising of the country’s sovereign rating, are all assets taken into account by an American report on investments in the DRC and which make the administration of Félix Tshisekedi in his efforts to improve the business climate. At a time when all the… Read More Here
Development of DRC's electric battery industry, the FPI ready to support the African Center of Excellence 38 Mining in DRC Battery Metals Infrastructural Development 

Development of DRC’s electric battery industry, the FPI ready to support the African Center of Excellence

Long decried as the Congolese Achilles’ heel, the FPI Industry Promotion Fund says it is ready to finance the bankable research projects of the African Center of Excellence for the Electric Battery Industry recently launched in Lubumbashi, capital of the province of Haut-Katanga. After the installation of the African Center of Excellence for the Electric Battery Industry by the Minister of Industry, Julien Paluku, Congolese researchers are invited to play an important role in this project. To do this, the FPI is called upon to support the various research projects… Read More Here
Julien Paluku invites Congolese to invest in the electric battery market valued between 8 and 10 trillion USD 39 Mining in DRC Battery Metals Cobalt 

Julien Paluku invites Congolese to invest in the electric battery market valued between 8 and 10 trillion USD

The Minister of Industry, Julien Paluku, is mobilizing local investors in the electric battery production project in the Democratic Republic of Congo (DRC). On an official mission in the copper city of Lubumbashi, the Congolese Minister of Industry wants to see the Congolese be the first to take the initiative to take ownership of this vast and ambitious project launched by the Government of the Democratic Republic of Congo ( ground floor). According to him, this project aims to mobilize financial resources estimated at between 8 and 10,000 billion US… Read More Here
DRC-China trade reached 5.6 billion USD in the first quarter of 2022 40 Mining in DRC Economy 

DRC-China trade reached 5.6 billion USD in the first quarter of 2022

Trade between China and the Democratic Republic of Congo (DRC) reached 5.6 billion U.S. dollars, an average growth of 98 percent over the same period of 2021. These statistics were provided by the Chinese Ambassador to the DRC, Zhu Jing, during an exchange with Congolese media on Friday, April 22, 2022. The Chinese diplomat believes that with the increase in copper and cobalt production capacity recorded by the country, the DRC is gaining market share in the world, mainly with China. Because, in parallel with the continuous increase in the production… Read More Here
13 contractors selected under TFM's specifications are preparing to start work in the DRC 41 Mining in DRC Environment Social Governance (ESG) 

13 contractors selected under TFM’s specifications are preparing to start work in the DRC

The selection process for contractors to implement Tenke Fungurume Mining’s specifications has come to an end. The lucky ones selected were invited to TFM’s facilities for a first working session with the internal stakeholders of the specifications on Thursday, March 10, in particular the heads of Community Development, which is responsible for steering the specifications, Community Relations and Contracts. The train is now running. These entrepreneurs are expected to effectively launch the projects in the specifications. And to ensure good ethics in the execution of the projects, the thirteen contractors selected were entitled… Read More Here

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