Economy - Copperbelt Katanga Mining

Zambia and Mozambique Strengthen Bilateral Ties Through Strategic Cooperation Talks 1

Presidents Hichilema and Chapo Reinforce Zambia–Mozambique Partnership with New Trade and Border Agreement President Hakainde Hichilema of Zambia and President Daniel Francisco Chapo of Mozambique held Official Talks at State House in Lusaka, reaffirming the deep-rooted friendship and commitment to stronger cooperation between the two neighbouring countries. The high-level discussions focused on expanding collaboration in economic development, trade, energy, and regional integration, while emphasizing the shared goal of peace and security across the Southern African region. A Relationship Anchored in History and Solidarity President Hichilema underscored the longstanding historical and… Read More Here

Mining in DRC Economy

DRC Finance Minister Doudou Fwamba Strengthens IMF Partnership to Sustain Economic Reforms and Fiscal Stability

October 19, 2025October 19, 2025 Constance

Doudou Fwamba and IMF Deputy Chief Kenji Okamura Discuss DRC’s Fiscal Discipline and Economic Resilience On the sidelines of the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, Democratic Republic of Congo (DRC) Finance Minister Doudou Fwamba Likunde Li-Botayi held a high-level meeting with IMF Deputy Managing Director Kenji Okamura. The discussions were also attended by the Deputy Minister of the Budget and the Governor of the Central Bank of Congo. At the heart of the exchange were the DRC’s macroeconomic performance, fiscal discipline,… Read More Here

Mining in Zambia Copper Economy

Zambia’s Kwacha Surges to 2025 Highs as Copper Boom Fuels Investor Confidence

October 16, 2025October 16, 2025 Constance

Zambian Kwacha Becomes Africa’s Best-Performing Currency in 2025 Amid Copper Price Rally The Zambian kwacha continued its impressive rally on Thursday, gaining more than 3% against the U.S. dollar—its strongest single-day advance in months. The currency has now appreciated over 21% since the start of the year, earning the distinction of being Africa’s best-performing currency in 2025. This sharp ascent reflects a resurgence of investor confidence in Zambia’s economy, powered primarily by robust fundamentals in the copper sector and steady progress in macroeconomic management. Key Drivers of the Kwacha’s Strength… Read More Here

Mining in DRC Copper Economy Mining in Zambia

Surging Copper Prices Position DRC and Zambia for Major Revenue Growth Amid Global Supply Crunch

October 14, 2025October 14, 2025 Constance

Copper Prices Hit 17-Month High, Boosting Economic Prospects for DRC and Zambia Global copper prices have soared to their highest levels in 17 months, creating new economic opportunities for Africa’s top producers—the Democratic Republic of the Congo (DRC) and Zambia. As global supply disruptions and speculative investment fuel a rally in the red metal, both nations are poised to benefit from a surge in export revenues and renewed investor confidence. Copper prices climbed by 3.45% on October 13, 2025, reaching $10,775 per metric ton, the highest level since May 2024.… Read More Here

Mining in Zambia Copper Corporate News Economy Events & Expos

FQM Sets Ambitious Goal for Zambia’s Copper Production by 2032

October 13, 2025October 13, 2025 Constance

Zambia’s Copper Industry Targets 3 Million Tonnes by 2032 with Focus on Sustainability and Community Development First Quantum Minerals (FQM) has unveiled an ambitious vision for Zambia’s mining sector: achieving three million tonnes of copper annually by 2032. Speaking at the Zambia Mining and Investment Insaka (ZAMII) 2025, FQM Country Director Anthony Mukutuma stressed that this goal requires a combination of strategic planning, sustainable practices, and community engagement to ensure lasting benefits for the country. Held under the theme “Unlocking Africa’s Wealth: Advancing Sustainable Mining, Beneficiation & Value Addition,” the… Read More Here

Mining in Zambia Economy

Zambia Backs AfDB President’s Vision for Strengthened African Financial Architecture

October 13, 2025October 13, 2025 Constance

Zambia Supports AfDB Initiative to Boost Africa’s Economic Sovereignty and Infrastructure Development Zambia has reaffirmed its strong support for African Development Bank (AfDB) Group President Dr. Sidi Ould Tah’s initiative to establish a robust African financial architecture designed to enhance the continent’s economic sovereignty. President Hakainde Hichilema expressed this backing during discussions with Dr. Ould Tah at State House, Lusaka, on 9 October 2025, following Zambia’s successful hosting of the third meeting of the 17th African Development Fund replenishment cycle (ADF-17). The talks highlighted Zambia’s strategic partnership with the AfDB… Read More Here

Mining in DRC Economy Gold

DRC to Build Gold Reserves to Strengthen Currency and Support Economic Stability

October 13, 2025October 13, 2025 Constance

DRC Launches Gold Reserve Strategy as Prices Soar Past $4,000 an Ounce to Bolster the Franc The Democratic Republic of Congo (DRC) plans to begin building official gold reserves as part of a broader strategy to strengthen the Congolese franc and support economic resilience, according to Central Bank Governor André Wameso. The move comes amid record-high global gold prices, which surged past $4,000 an ounce this week, marking an increase of more than 50% year-to-date. The rise has been largely driven by heightened central bank purchases worldwide as countries seek… Read More Here

Mining in DRC Economy

Central Bank of Congo Cuts Interest Rates Amid Strong Franc and Positive Economic Outlook

October 10, 2025October 10, 2025 Constance

Central Bank of Congo Lowers Key Rate from 25% to 17.5% as Congolese Franc Strengthens and Economic Stability Improves Kinshasa, Democratic Republic of Congo — In response to an improving economic environment and a stronger national currency, the Monetary Policy Committee (MPC) of the Central Bank of Congo (BCC) has announced a significant easing of its monetary policy. According to André Wameso, Governor of the Central Bank of Congo, the benchmark interest rate has been reduced from 25.0% to 17.5%, marking a 750-basis-point cut. Additionally, the rate on marginal lending… Read More Here

Mining in Zambia Copper Economy

Zambia Eyes Record Copper Output as Global Supply Tightens and Prices Surge

October 10, 2025October 10, 2025 Constance

Zambia Set to Break Copper Production Records in 2025 Amid $10 Billion Mining Boom and Rising Global Demand Zambia is on track for record copper production this year, strengthening its position as a major global supplier just as prices surge and demand accelerates worldwide. A series of accidents and disruptions at major mines in other producing nations has squeezed global supply, pushing copper prices up by more than 20% in 2025. Amid these challenges, Zambia stands out as one of the few countries increasing output — positioning the cash-strapped nation… Read More Here

Mining in Zambia Copper Economy Events & Expos

President Hichilema Reaffirms Commitment to Transform Zambia’s Mining Sector

October 10, 2025October 10, 2025 Constance

Hakainde Hichilema Pledges Sustainable and Inclusive Transformation of Zambia’s Mining Industry at the 2025 Zambia Mining and Investment Insaka President Hakainde Hichilema has reaffirmed his government’s commitment to transforming Zambia’s mining sector into a key driver of inclusive growth, sustainability, and national prosperity. Speaking at this year’s Zambia Mining and Investment Insaka, held under the theme “Unlocking Africa’s Wealth – Advancing Sustainable Mining, Beneficiation and Value Addition,” President Hichilema said the event’s focus aligns closely with Zambia’s renewed mining agenda — one that seeks to transition the nation from a… Read More Here