Economy - Copperbelt Katanga Mining

DRC Central Bank Governor Aims to Strengthen the Congolese Franc and Reduce Dollarization 1

DRC Central Bank Governor Unveils Strategy to Restore Confidence in the Congolese Franc The Democratic Republic of Congo’s new central bank governor, Andre Wameso, has laid out an ambitious plan to restore public confidence in the Congolese franc and reduce the country’s overwhelming reliance on the US dollar. Nearly 90% of transactions in the DRC are conducted in dollars, leaving the local currency marginalized and unstable. The Congolese economy is among the most dollarized in Africa. From major commodity exports like copper, cobalt, oil, and gold, to everyday expenses such… Read More Here

Mining in Zambia Economy

Zambia and Qatar Sign $19 Billion MoU to Boost Investment and Development

August 24, 2025August 24, 2025 Constance

Zambia Qatar $19B MoU: Driving Investment Across Energy, Mining, Agriculture, and Infrastructure On 18 August 2025, Zambia and Qatar signed a landmark Memorandum of Understanding (MoU) covering 11 key sectors, valued at US$19 billion. The agreement spans energy and oil, banking and finance, housing and urban development, agriculture and food security, mining and minerals, logistics and infrastructure, telecommunications, health, education, tourism, and industrial development. The partnership is expected to drive investment, create jobs, and deliver direct benefits to Zambian citizens. The Industrial Development Corporation (IDC) of Zambia and Qatar’s Al… Read More Here

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President Hichilema Inaugurates $1.25 Billion Kansanshi Mine Expansion, Securing Zambia’s Copper Growth

August 21, 2025August 22, 2025 Constance

Zambia Secures $1.25 Billion Mining Boost as President Hichilema Commissions Kansanshi S3 Expansion President Hakainde Hichilema officially commissioned the $1.25 billion Kansanshi S3 Expansion by First Quantum Minerals (FQM), a landmark investment set to transform Zambia’s mining sector, extend the life of Africa’s largest copper mine, and power economic growth for decades to come this week. The S3 Expansion will prolong the operation of Kansanshi Mine into the 2040s while significantly boosting copper output. The project features the opening of a new mining pit known as the South East Dome,… Read More Here

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Zambia Secures $30.1 Million in Trade Deals to Boost Angola Partnerships at FILDA 2025

August 12, 2025August 12, 2025 Constance

Zambian Firms Seal $30.1 Million in Deals at Angola’s FILDA Trade Fair Luanda — The Zambian Development Agency (ZDA) has announced that Zambian companies secured an estimated US$30.1 million in trade deals during the 40th Edition of the Angola International Trade Fair (FILDA 2025). The agreements reflect growing interest from Zambian businesses in expanding partnerships with Angolan companies across multiple sectors. In a statement released Monday, the ZDA confirmed that 20 Zambian companies participated in a trade mission from July 24–26 in Luanda, signing agreements in industries including manufacturing, agro-processing,… Read More Here

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DRC Exports Over One Tonne of Artisanal Gold in First Half of 2025

August 10, 2025August 10, 2025 Constance

DRC Gold Trading SA Reports 1,057 kg of Legal Artisanal Gold Exports Worth €97 Million Between January and June 2025, the Democratic Republic of Congo (DRC) legally exported a total of 1,057.88 kilograms of artisanal gold, according to statistical data published by DRC Gold Trading SA on its official X (formerly Twitter) account in July 2025. The company emphasized that these figures demonstrate the viability of selling Congolese gold through legal, traceable, and profitable channels. “With just over one tonne of artisanal gold exported in the first half of 2025,… Read More Here

Mining in Zambia Economy

Zambia Seeks $145 Million Boost Through IMF Programme Extension

August 10, 2025August 10, 2025 Constance

Zambia IMF funding, Zambia debt relief, Extended Credit Facility, Situmbeko Musokotwane, Zambia economic recovery Zambia is seeking an additional $145 million from the International Monetary Fund (IMF) by extending its existing programme for another 12 months, Finance Minister Situmbeko Musokotwane announced on Tuesday last week. The copper-rich Southern African nation is working to restore fiscal stability after years of mounting debt. As of July 2025, Zambia ranks among the African countries with the highest debt exposure to the IMF. Last month, the government revealed plans to request an extension of… Read More Here

Mining in Zambia Economy

Zambia’s ZANAMACA to Mobilise Small-Scale Miners for Compliance, Funding, and Market Access

August 10, 2025August 10, 2025 Constance

ZANAMACA Expands to Support Small-Scale Miners, Driving Compliance and Inclusive Growth The Zambia National Marketeers Credit Association (ZANAMACA) has announced plans to mobilise and engage small-scale miners nationwide as part of its strategy to promote compliance, financial literacy, and inclusive economic growth. With a membership of over one million spanning all provinces, ZANAMACA has traditionally focused on empowering youth and women in small and medium-sized enterprises. The association is now expanding its reach to include small-scale miners, aiming to strengthen their role in Zambia’s formal economy. Speaking from ZANAMACA’s headquarters… Read More Here

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KCM Applauds Presidential Support for KDMP, Targets 300,000 Tonnes of Copper by 2031

August 10, 2025August 10, 2025 Constance

Konkola Copper Mines Sets Sights on 300,000-Tonne Annual Output by 2031 with KDMP Boost Konkola Copper Mines (KCM) has welcomed the directive from His Excellency, Republican President Hakainde Hichilema, to maintain and accelerate progress on the Konkola Deep Mining Project (KDMP), with the ambitious goal of achieving an annual copper production capacity of 300,000 tonnes by 2031. President Hichilema made these remarks during his visit to the KCM exhibition stand at the 2025 Agricultural and Commercial Show in Lusaka, held from July 30 to August 4, 2025. He commended KCM’s… Read More Here

Mining in Zambia Economy Gold

ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector

August 7, 2025August 7, 2025 Constance

ZCCM-IH Appointed to Overhaul Zambia’s Informal Gold Mining Industry for Sustainable National Growth ZCCM Investments Holdings Plc (ZCCM-IH) announced that it has officially been mandated by the Government of the Republic of Zambia to take the lead in the formalisation, development, and transformation of the gold sector in Zambia. This strategic appointment marks a historic milestone in the country’s mining landscape, paving the way for the creation of a structured, sustainable, and inclusive gold industry that benefits all Zambians. For decades, Zambia’s gold sector has remained largely informal—dominated by small-scale… Read More Here

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Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia

August 7, 2025August 7, 2025 Constance

Kansanshi Mine Renews Gold Supply Agreement with Bank of Zambia While Honoring $1 Billion Deal with Royal Gold Kansanshi Mining Plc, a subsidiary of First Quantum Minerals (FQM), has reaffirmed its commitment to strengthening Zambia’s gold reserves by renewing its Memorandum of Understanding (MoU) with the Bank of Zambia (BOZ) for the continued sale of gold dore. This milestone was marked by a formal signing ceremony held today, signaling the continuation of a strategic partnership that dates back to 2020. The renewal comes at a time when Kansanshi is also… Read More Here