Economy - Copperbelt Katanga Mining

British International Investment partners with Rawbank to enhance financial inclusion for small businesses in DRC

March 5, 2026March 5, 2026 Constance0 comment

4 March, 2026 – British International Investment (BII), the UK’s development finance institution and impact investor, has committed $25 million in financing to Rawbank, the largest commercial bank in the Democratic Republic of Congo (DRC). The facility will strengthen Rawbank’s ability to increase access to finance for non-mining corporates and small and medium-sized enterprises (SMEs) across the country. In DRC, local businesses face a shortage of long‑term funding from the financial sector, particularly small businesses and non‑mining corporates that play a vital role in diversifying the economy. By providing much… Read More Here

Mining in Zambia Copper Corporate News Economy

FQM and ZICA Partner to Strengthen Accountant Training and Professional Standards in Zambia

February 28, 2026February 28, 2026 Constance0 comment

First Quantum Minerals Signs MOUs with ZICA to Boost CA Zambia Training and CPD Access in North-Western Province First Quantum Minerals Ltd and the Zambia Institute of Chartered Accountants (ZICA) have signed two Memoranda of Understanding (MOUs) designed to enhance professional training, accreditation pathways, and continuous skills development for accountants in Zambia, with particular emphasis on the North-Western Province. The agreements were formalized at ZICA’s offices in Lusaka and are structured around two strategic pillars: Practical Training Accreditation and Enhanced Skills Development. Expanding Access to Structured Practical Training The first… Read More Here

Mining in Zambia Copper Economy

Zambia’s Copper Rally Strengthens Mining Sector and Economic Outlook

February 28, 2026February 28, 2026 Constance0 comment

Copper Prices Surge Above $13,300 per Tonne, Boosting Zambia’s Mining Growth and Export Prospects Zambia’s mining sector is gaining renewed momentum as global copper prices climb, reinforcing the country’s export outlook and broader macroeconomic prospects. According to the latest data from the Zambia Extractive Industries Transparency Initiative (ZEITI) Commodity Price Dashboard, copper is currently trading at US$13,304 per tonne, representing an increase of more than 7% since the beginning of January. The sustained upward trend is delivering a measurable boost to mining revenues and reaffirming copper’s central role in the… Read More Here

Mining in DRC Economy Gold

DRC Central Bank Launches Domestic Gold Purchase Program to Bolster Reserves

February 28, 2026February 28, 2026 Constance0 comment

DR Congo Central Bank to Buy Artisanal Gold Directly from State Trader to Strengthen Franc and Boost Reserves The Democratic Republic of the Congo has unveiled a new strategy aimed at reinforcing monetary sovereignty and stabilizing its currency, with the central bank announcing plans to purchase gold directly from a fully state-owned trading company. The Banque Centrale du Congo (BCC) will begin buying gold from DRC Gold Trading SA, a government-owned entity that aggregates production from artisanal and small-scale miners. The initiative is designed to channel more of the country’s… Read More Here

Mining in DRC Economy Gold Governance

Tshisekedi Prioritises Gold Sector Reform to Boost State Revenue

February 26, 2026February 26, 2026 Constance0 comment

DRC President Félix Tshisekedi Unveils Strategy to Curb Gold Smuggling and Strengthen Economic Sovereignty The President of the Democratic Republic of the Congo, Félix Tshisekedi, has placed reform of the gold sector at the centre of the government’s economic agenda, citing its critical importance to public finances and macroeconomic stability. During the Council of Ministers meeting held on 20 February 2026, President Tshisekedi underscored the strategic value of gold production and expressed concern that a significant portion of national output continues to bypass official channels. According to the meeting’s official… Read More Here

Mining in Zambia Copper Economy

Zambia to Launch Mining Revenue Stabilization Fund

February 26, 2026February 26, 2026 Constance0 comment

Zambia to Create “Rainy Day” Fund as Copper Revenues Surge Amid Record Production Zambia, Africa’s second-largest copper producer, will channel higher-than-expected mining revenues into a stabilization fund this year, creating a fiscal buffer to protect the economy when copper prices retreat. Secretary to the Treasury Felix Nkulukusa described the mechanism as a “rainy day” fund designed to capture excess mineral revenues as production climbs to record levels while prices remain near historic highs. Any mining revenue collected above budget projections will be deposited into the fund rather than immediately spent.… Read More Here

Mining in DRC Copper Corporate News Economy Gold

Kibali Breaks Revenue Record as Gold Prices Surge Despite Lower Output

February 24, 2026February 24, 2026 Constance0 comment

Kibali Gold Mine Revenue Tops $2.3 Billion in 2025 as Rising Gold Prices Offset Production Dip The Kibali gold mine in northeastern Democratic Republic of Congo delivered record financial results in 2025, generating approximately $2.3 billion in total revenue the strongest performance since large-scale production began in 2014. Operator Barrick Mining, which holds a 45% stake in the mine, reported that its attributable share amounted to $1.04 billion. On a full ownership basis, Kibali surpassed the $2 billion revenue mark for the first time, representing a 40% increase compared with… Read More Here

Mining in Zambia Economy

Zambia and Angola Deepen Economic Cooperation Through High-Level Engagements in Luanda

February 22, 2026February 22, 2026 Constance0 comment

Zambia Embassy in Luanda Advances Trade and Investment Talks with AIPEX, OMATAPALO and CCIA to Boost Zambia–Angola Economic Ties The Embassy of the Republic of Zambia in Luanda has concluded a series of high-level economic engagements aimed at strengthening bilateral trade and investment cooperation between Zambia and Angola. The meetings brought together Zambia’s Ambassador to Angola, Elias Munshya, with key Angolan economic stakeholders, including Dr Arlindo das Chagas Rangel, Chief Executive Officer of Agência de Investimento Privado e Promoção das Exportações (AIPEX), senior management of OMATAPALO – Engenharia e Construção… Read More Here

Mining in DRC Copper Economy

Glencore–Gécamines Deal Secures Long-Term Future of Kamoto Copper Company

February 19, 2026February 19, 2026 admin0 comment

Glencore and Gécamines Sign Strategic KCC Mining Agreement to Boost DRC Copper Output to 300,000 Tonnes per Year A significant new phase is unfolding for copper production in the Democratic Republic of Congo (DRC). On Wednesday, 18 February 2026, Swiss mining major Glencore signed a landmark agreement with state-owned Gécamines concerning Kamoto Copper Company (KCC), one of the country’s most strategic mining operations. Long-Term Security for a Strategic Asset At the core of the agreement is a comprehensive package of long-term mining leases and titles. These provide KCC with the… Read More Here

Mining in Zambia Copper Economy

ZCCM-IH Plans Commodity Trading Arm to Capture Greater Value from Zambia’s Mineral Output

February 18, 2026February 18, 2026 Constance0 comment

Zambia’s ZCCM-IH to Launch Commodities Trading Strategy and Expand Royalty Model in Copper Sector ZCCM Investments Holdings (ZCCM-IH) is developing plans to establish a commodities trading function that would allow it to market its share of mineral production directly on international markets, according to Chief Executive Officer Kakenenwa Muyangwa. The strategy would enable the majority state-owned mining investment company to access physical volumes of output from its portfolio companies in proportion to its equity holdings and sell them independently. The move is designed to capture greater value as global competition… Read More Here