Economy - Copperbelt Katanga Mining

Botswana Launches Emergency Diamond Auction to Boost Revenues Amid Market Slump 1

Botswana Holds Rare Diamond Auction as Global Gem Demand Weakens Botswana is staging an unprecedented diamond auction in a bid to shore up government revenues battered by a prolonged slump in the global gems market. The state-owned Okavango Diamond Company (ODC) is offering about 1 million carats of rough diamonds in a one-off “closed” tender, ODC spokesperson Dennis Tlaang confirmed last week. Unlike the company’s regular auctions—planned well in advance for registered buyers—this ad-hoc sale was organised at short notice, according to Bloomberg. Sources familiar with the process say the… Read More Here

Mining in Zambia Economy

Zambia’s Inflation Falls to 12.3% as Economy Shows Signs of Stability

September 28, 2025September 28, 2025 Constance

Zambia Records Lowest Inflation in Two Years and Strong Trade Surplus Zambia’s economy is showing encouraging progress, with inflation declining for the third consecutive month. In September, the annual inflation rate fell to 12.3% from 12.6% in August, marking the lowest level in nearly two years and signaling improved economic stability.Strong Trade Performance Beyond inflation, Zambia is also recording gains in external trade. In August, the country achieved a K3.3 billion trade surplus, a sharp rise from July’s K400 million surplus. This improvement reflects stronger export performance and a healthier… Read More Here

Mining in DRC Economy

DRC Prime Minister Presents 2026 Finance Bill of $20.3 Billion to Parliament

September 16, 2025September 16, 2025 Constance

DRC 2026 Finance Bill: Prime Minister Suminwa Submits $20.3 Billion Budget with 16% Increase The September parliamentary session opened with a major institutional event at the People’s Palace. On Monday, September 15, 2025, Prime Minister Judith Suminwa Tuluka submitted the 2026 Finance Bill, estimated at 59,020.5 billion Congolese Francs (CDF), or USD 20.3 billion, alongside the Bill on the rendering of accounts for the 2024 fiscal year. The Prime Minister was accompanied by the Deputy Prime Minister in charge of the Budget, the Minister of Finance, and the Minister of… Read More Here

Mining in DRC Economy

DRC Govt Adopts 2026 Draft Finance Law with $20.3 Billion Budget

September 14, 2025September 14, 2025 Constance

DRC Adopts 2026 Draft Finance Law: $20.3 Billion Balanced Budget Targets Growth and Reforms The Government of the Democratic Republic of Congo (DRC) has approved the 2026 draft finance law, projecting a balanced budget of 59,020.5 billion Congolese francs (approximately $20.3 billion USD). The adoption took place on Friday, September 12, 2025, during the 58th meeting of the Council of Ministers. The draft bill was presented by Adolphe Muzito, Deputy Prime Minister and Minister of the Budget, who emphasized that the 2026 budget reflects the government’s goal of consolidating macroeconomic… Read More Here

Mining in DRC Economy

DRC Secures $21 Billion Investment from Al Mansour Holding

September 7, 2025September 7, 2025 Constance

DR Congo Signs $21 Billion Deals with Al Mansour Holding to Boost Infrastructure and Industry On 2nd September 2025, Sheikh Al-Mansour Bin Jabor Bin Jassim Al Thani, head of Al Mansour Holding and cousin of Qatar’s Emir, arrived in Kinshasa to finalize a landmark investment partnership with the Democratic Republic of Congo (DR Congo). The visit culminated in the signing of 18 agreements worth a total of $21 billion, according to the Prime Minister’s office. The signing ceremony was presided over by Deputy Prime Minister and Transportation Minister Jean-Pierre Bemba… Read More Here

Mining in DRC Economy Gold News in Brief

Congolese Gold Price Sees Modest Uptick Amid Global Market Stability

September 7, 2025September 7, 2025 Constance

Congolese Gold Price Rises to $108.71 per Gram as Global Markets Remain Stable The price of Congolese gold experienced a slight increase on international markets, reaching USD 108.71 per gram for the week of September 1–6, 2025, up from USD 108.10 the previous week. This represents a modest rise of 0.56%, according to the National Commission of Mercuriales. Although contained, this increase reflects the current stability of gold on global stock markets. The precious metal continues to serve as a safe haven amid economic uncertainties and speculative market movements. In… Read More Here

Mining in DRC Copper Economy

DRC Produces 785,841 Tonnes of Copper in Q1 2025, Driven by Private Operators

September 7, 2025September 7, 2025 Constance

DRC Copper Output Reaches 785,841 Tonnes in First Quarter 2025, Highlighting Private Sector Dominance The Democratic Republic of Congo (DRC) recorded a production of 785,841 tonnes of copper in the first quarter of 2025, according to the statistical bulletin released by the Central Bank of Congo (BCC) at the end of August. Out of this total, Gécamines, the state-owned mining company historically central to the Congolese mining sector, produced only 2,318 tonnes. The overwhelming majority—783,523 tonnes—came from Gécamines’ private partners and other mining operators active across the country. These figures… Read More Here

Mining in DRC Economy Governance

Tshisekedi Reinforces Commitment to Business Climate and Subcontracting Law in the DRC

September 7, 2025September 7, 2025 Constance

DRC President Tshisekedi Backs Business Climate Reforms and Subcontracting Law Enforcement President Félix-Antoine Tshisekedi has reaffirmed his determination to strengthen the business climate in the Democratic Republic of Congo (DRC) and ensure strict compliance with the law on subcontracting. In the coming days, a joint commission of the Regulatory Authority for Subcontracting in the Private Sector (ARSP) and the Federation of Congolese Enterprises (FEC) will be deployed to companies to monitor the enforcement of the subcontracting law. This initiative was presented to the Head of State on Thursday, September 4,… Read More Here

Mining in DRC Economy

Germanium Prices Fall Nearly 6% in Early September 2025, Impacting DRC’s Export Strategy

September 7, 2025September 7, 2025 Constance

Germanium Prices Drop 5.9%: What It Means for the DRC’s Strategic Mineral Exports Germanium, a critical mineral exported by the Democratic Republic of Congo (DRC) and widely used in semiconductors and optical technologies, has recorded a significant price correction on international markets. According to the Ministry of Foreign Trade, the average price per ton stood at USD 3,864.60 during the week of September 1–6, 2025, down from USD 4,108.08 the previous week—a decline of 5.92%. “The price of a ton of germanium is falling on international markets during the week… Read More Here

Economy Mining in Zambia

Bank of Zambia Introduces Phased Currency Regulations to Reinforce Kwacha Stability

August 31, 2025August 31, 2025 Constance

Zambia Strengthens Kwacha with Phased Currency Regulations Bank of Zambia Governor Dr. Denny H. Kalyalya has reaffirmed the central bank’s commitment to reinforcing the Kwacha as Zambia’s sole legal tender, announcing that new Currency Regulations will be implemented in a phased and simplified manner. Speaking at the final round of consultative stakeholder engagements in Ndola under the Public Private Dialogue Forum (PPDF), Dr. Kalyalya highlighted the risks of dollarisation, warning that excessive reliance on foreign currencies undermines the Kwacha, limits the effectiveness of monetary policy, and exposes banks and borrowers… Read More Here