Economy - Copperbelt Katanga Mining

DRC to Issue First-Ever $1.5 Billion Eurobond to Finance Infrastructure and Boost Connectivity 1

Democratic Republic of Congo Launches $1.5B Eurobond to Fund Infrastructure and Drive Growth The Democratic Republic of Congo (DRC) will issue its first-ever Eurobond worth $1.5 billion, the Ministry of Finance announced on Friday. The bond aims to finance priority infrastructure projects and enhance national connectivity in line with the government’s 2024–2028 Action Program. A Eurobond is a debt instrument issued on international financial markets in hard currency—typically U.S. dollars—to attract foreign investors. In exchange, the issuing country commits to repaying the capital, plus interest, over an agreed period. According… Read More Here

Mining in Zambia Economy

Zambia’s Inflation Eases to 12.6% in August 2025

August 28, 2025August 28, 2025 Constance

Zambia Inflation Slows to 12.6% in August 2025 as Food and Fuel Prices Moderate Zambia’s annual inflation rate slowed to 12.6 percent in August 2025, down from 13 percent in July, according to the Zambia Statistics Agency (ZamStats). In its monthly bulletin, ZamStats attributed the moderation to lower price increases across both food and non-food items. Acting Statistician General Sheila Mudenda reported that annual food inflation for August stood at 14.9 percent, compared with 15.3 percent in July. “This means that food prices, on average, increased by 14.9 percent between… Read More Here

International Economy Gold

Burkina Faso Boosts Mining Revenues as Govt Raises Equity in West African Resources to 15%

August 28, 2025August 28, 2025 Constance

Burkina Faso Increases Stake in West African Resources’ Gold Projects Under New Mining Code Burkina Faso’s largest gold producer and one of its biggest foreign investors, West African Resources (WAF), has implemented the revised 2024 mining code, raising the government’s free carried equity in its gold projects from 10% to 15%. The adjustment was confirmed in WAF’s interim financial report for the first half of 2025. WAF executive chairman Richard Hyde said the equity transfer was finalized in July and August across its three key projects: Sanbrado (Somisa), Kiaka, and… Read More Here

International Economy

Panama’s Economy Poised for Recovery Following Cobre Panama Mine Closure

August 26, 2025August 26, 2025 Constance

IMF Projects 4.5% Growth for Panama in 2025 as Economy Rebounds from Copper Mine Shutdown Panama’s economy is expected to rebound in 2025 as the effects of the late-2023 closure of First Quantum Minerals’ Cobre Panama copper mine fade and non-mining sectors continue to expand, the International Monetary Fund (IMF) said Monday. The Cobre Panama mine, one of the world’s largest open-pit copper deposits, was shut down following local protests over tax contributions and environmental concerns. Its closure significantly affected both Panama’s economy and First Quantum’s financial outlook. The company… Read More Here

Mining in DRC Economy

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

August 26, 2025August 26, 2025 Constance

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

Mining in Zambia Copper Corporate News Economy New Mining Projects

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

Mining in Zambia Economy Partnership

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

Mining in DRC Artisanal mining Economy Gold

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