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DRC Suffers Nearly $1 Billion in Damages from Oil and Gas Block Dispute 1 Mining in DRC Oil & Gas 

DRC Suffers Nearly $1 Billion in Damages from Oil and Gas Block Dispute

Constance
The Congo is not for sale (CNPAV) coalition denounced, during its recent press conference, the attitude of the Minister of Hydrocarbons Didier Budimbu, whom it accuses of maintaining opacity in the process of selecting operators for some oil blocks. Received in the “Transparency” column of ACTUALITE.CD, Lewis Yola, expert in downstream oil and in the negotiation of oil contracts, member of the CNPAV, estimates the losses incurred by the DRC at 1 billion USD if the opacity which characterizes the process allocation and negotiations of oil and gas blocks is… Read More Here
DRC Unveils High-End Buses Built to Conquer Challenging Road Conditions 2 Mining in DRC News in Brief Transport and Logistics 

DRC Unveils High-End Buses Built to Conquer Challenging Road Conditions

Constance
The DRC will now have its own high-end, robust, and equipped buses to tackle road traffic conditions. This factory has a production capacity of 25 buses per month and meets the standards of the prestigious German brand, Mercedes Benz. The establishment of Suprême Motors is just a step that paves the way for other similar projects. It confirms that improving the business climate in the DRC is a reality acknowledged by foreign investors. Read More Here
DRC President Inaugurates 'Suprême Automobile' Factory 3 Mining in DRC 

DRC President Inaugurates ‘Suprême Automobile’ Factory

Constance
The President of the Republic, Félix Antoine Tshisekedi Tshilombo, inaugurated the “Suprême Automobile” factory specialized in the assembly and manufacturing of Mercedes Benz bus bodies, on Saturday, June 10th in Kinshasa. The establishment of this company in the Democratic Republic of Congo (DRC) is a historic event that comes more than 30 years after the departure of the American automobile giant, General Motors, and marks the return of an automobile industry to Congo. It is the realization of the vision of the Head of State who wants to make the… Read More Here
Benguela Railway highlights advantages of the Concessionaire 4 Transport and Logistics International 

Benguela Railway highlights advantages of the Concessionaire

Constance
The Benguela Railway (CFB) has played a vital role in regional development and economic transformation since its establishment on May 26, 1902. By unlocking new regions and providing access to markets for manufactured products, the CFB has contributed significantly to the growth and diversification of the economy. Through strategic investments by the Angolan government, the railway company is poised to assume a fundamental role in driving economic development. The Caminhos-de-Ferro de Benguela has served as a unifying force, fostering cultural convergence and facilitating the formation of a railway working class… Read More Here
Discover the Wealth: Unveiling Africa's Top 10 Nations with Vast Gold Reserves 5 Gold Economy International 

Discover the Wealth: Unveiling Africa’s Top 10 Nations with Vast Gold Reserves

Constance
African Countries Bolster Gold Reserves Amid Global Uncertainty. In recent years, African countries have taken significant steps to strengthen their gold reserves, positioning themselves favourably amidst global economic uncertainty. As geopolitical tensions and inflation concerns persist, the allure of gold as a safe-haven asset has intensified. Let’s explore the top 10 African countries with the largest gold holdings in 2023. Topping the list is Algeria, boasting the largest gold reserves on the continent, with a robust holding of 174 metric tons. South Africa closely follows, with official gold reserves reaching… Read More Here
Chinese unicorn startup develops all-weather EV Battery 6 Battery Metals International 

Chinese unicorn startup develops all-weather EV Battery

Constance
A young battery startup in China claims its latest cell technology is able to alleviate a major issue for EV owners today – the loss of charging performance and range in inclement weather, especially cold climates during winter. By utilizing superconducting materials, Greater Bay Technology says its new cells can charge and function as normal within six minutes, no matter the temperature outside. Guangzhou Juwan Technology Research Co., Ltd. – better known as Greater Bay Technology is a battery startup spun out of GAC Motor as recently as 2020. In that short time,… Read More Here
Burkina Faso, Uganda and Zambia welcome power investees 7 Energy Mining in Zambia 

Burkina Faso, Uganda and Zambia welcome power investees

Constance
The Beyond the Grid Fund for Africa (BGFA) has signed new agreements with energy service companies to support the expansion and scale-up of off-grid stand-alone solar home systems in Burkina Faso, Uganda and Zambia. Further agreements have been signed with FINCA Plus LLC Uganda, Sun King (Greenlight Planet Zambia Limited), Qotto SARL BF and Bboxx (Advens Bboxx Burkina Faso SAS) which is expected to benefit up to 2.5 million people living in remote areas across the countries. FINCA Plus LLC, known as BrightLife Uganda, provides access to affordable products to markets… Read More Here
Hamm to launch HC Series soil compactors for defined markets in Africa 8 Equipment & Technology Mining Equipment 

Hamm to launch HC Series soil compactors for defined markets in Africa

Constance
Hamm has announced it will launch new models of its UN ECE R96 (Tier 3) – compatible soil compactors in defined markets in Africa, southeast Asia and the Middle East. A total of six new HC Series models will be introduced: the HC 208 D, HC 208 P, HC 228 D, HC 228 P, HC 268 D, and the HC 268 P, each with a weight of either 20 t, 22 t, or 26 t and a working width of 2,140 mm. All these soil compactors are equipped with a… Read More Here
Zambia Electricity Supply Corporation Limited Pursues Full Digital Transformation 9 Mining in Zambia Electricity 

Zambia Electricity Supply Corporation Limited Pursues Full Digital Transformation

Constance
In a bid to enhance operations and improve services to the people, Zambia Electricity Supply Corporation Limited (ZESCO) has set its sights on achieving complete digital transformation by 2025, according to Managing Director Victor Mapani. During the launch of the Self Service, Mapani emphasized the corporation’s commitment to leveraging technology, stating that it aligns with the present era, where technology plays a vital role in advancing the world. Joining Mapani at the event, Percy Chinyama, the National Coordinator of the Smart Zambia Institute, highlighted the government’s vision of utilizing technology… Read More Here
Copper 360 Reports High-Grade Copper Intersections and Exciting New Discoveries 10 Copper International 

Copper 360 Reports High-Grade Copper Intersections and Exciting New Discoveries

Constance
Copper 360, a prominent mining company, has released drilling results that confirm the presence of high-grade copper intersections at its Rietberg copper mine. Furthermore, initial sampling has unveiled a new deposit of high-grade copper on the mine’s surface, marking a significant discovery. The recent exploration efforts focused on drilling four core boreholes near historical ones, successfully validating the copper values and widths recorded in the past. Particularly noteworthy were the findings from boreholes RB360-3 and RB360-4, which revealed copper grades of 2.97% over 22.27 meters and 3.57% over 6.66 meters,… Read More Here

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