Economy - Copperbelt Katanga Mining

IMF Approves $261.9 Million Disbursement to DRC Following First Review of Credit Program 1

IMF Disburses $261.9M to DRC After ECF Review, Backing Economic Stability and Reform On July 2, 2025, the Executive Board of the International Monetary Fund (IMF) approved the first review of the Extended Credit Facility (ECF) program for the Democratic Republic of Congo (DRC), resulting in an immediate disbursement of $261.9 million. This funding aims to support macroeconomic stability and expand the government’s fiscal space for public investment. Despite ongoing security challenges in the eastern provinces, the Congolese economy has demonstrated resilience: GDP growth is holding strong at 6.5% Inflation… Read More Here

President Tshisekedi Highlights US Mining Deal as Catalyst for Green Economy and National Growth

June 30, 2025June 30, 2025 Constance

On the 65th anniversary of the Democratic Republic of Congo’s independence, President Félix Tshisekedi addressed the nation on Monday, June 30, 2025, reaffirming active negotiations with the United States to finalize a strategic mining agreement. The deal is set to strengthen the DRC’s position as a key player in the global energy transition and the emerging green economy. “This agreement will mark a decisive step in positioning the DRC as a central player in the global energy transition and the emerging green economy. It aims to develop our strategic minerals—particularly… Read More Here

Mining in Zambia Economy Energy

Zambia’s Energy Minister Calls for Strong Leadership from New Energy Regulation Board

June 26, 2025June 26, 2025 Constance

Zambia’s Minister of Energy has urged the newly appointed Energy Regulation Board (ERB) to provide firm, professional, and prudent leadership in the country’s energy sector, emphasizing its crucial role as a pillar of national economic stability and development. Speaking at the Board’s induction meeting held at the Radisson Blu Hotel in Lusaka, the Minister reminded members that their decisions impact every household and business in Zambia. “The energy sector affects every citizen. You must act with prudence and ensure your decisions serve the people,” he stressed. He challenged the Board,… Read More Here

Mining in Zambia Economy Oil & Gas

Zambia’s Govt Receives K105.4 Million Dividend from TAZAMA Pipelines

June 26, 2025June 26, 2025 Constance

The Government of Zambia has received a dividend of K105.4 million from TAZAMA Pipelines Limited for the financial year ending December 31, 2024, marking a significant milestone in the performance of the state-owned energy infrastructure company. Speaking at the dividend handover ceremony in Lusaka, Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, MP, praised TAZAMA’s leadership for delivering strong financial results and reaffirmed the Government’s commitment to modernizing the energy sector. “This dividend represents more than just a financial return,” Dr. Musokotwane stated. “It reflects improved efficiency and governance… Read More Here

Mining in Zambia Economy

Stanbic Bank Zambia Reinforces Commitment to Mining and Energy Growth through Regional Integration

June 26, 2025June 26, 2025 Constance

Stanbic Bank Zambia has reaffirmed its strategic commitment to advancing Africa’s mining and energy sectors through regional integration and private sector-led investment. The bank demonstrated this commitment by joining its sister institution, Standard Bank DRC, at the 2025 DRC Mining Week held in Lubumbashi. The event, one of Africa’s leading mining forums, brought together stakeholders from mining, energy, infrastructure, and finance sectors to discuss the future of the Democratic Republic of Congo’s mining industry and its connection to the broader continent. Stanbic Bank’s participation highlights the wider Standard Bank Group’s… Read More Here

Mining in Zambia Economy

Zambia’s Economic Momentum Strengthens as Kwacha Gains Ground

June 20, 2025June 20, 2025 Constance

Zambia’s macroeconomic outlook is showing renewed strength, driven by a combination of internal and external factors that are supporting the Kwacha and improving overall economic prospects. Economic analyst Mr. Kelvin Chisanga has identified several key developments contributing to this positive trend. “Seasonal tax inflows are reinforcing the government’s fiscal position, improving liquidity, and supporting national development programs,” Chisanga noted. He explained that mid-year tax payments, along with upcoming quarterly obligations, are injecting fresh capital into the economy, easing pressure on public finances. On the external front, a weaker U.S. dollar… Read More Here

Mining in Zambia Economy Green Energy

ZEMA Approves $834 Million in Projects to Drive Green Economic Transformation

June 20, 2025June 20, 2025 Constance

The Zambia Environmental Management Agency (ZEMA) has approved 259 development projects worth over $834 million, reaffirming the country’s commitment to environmentally responsible economic growth. The approvals were granted during the April and May 2025 sessions of the Environmental Assessment Committee (EAC) of ZEMA’s Board of Directors. The greenlit projects span several strategic sectors: 138 in mining and mineral processing, 43 in energy, 39 in infrastructure, and 31 in manufacturing and processing—representing a major step toward sustainable industrialization in Zambia. A flagship development among the approvals is the $140 million ultra-modern… Read More Here

Mining in Zambia Copper Economy

ZCCM-IH Projects Over 1,000% Surge in EPS Following Mopani Transaction

June 20, 2025June 20, 2025 Constance

Diversified mining investments and operations company ZCCM Investments Holdings Plc (ZCCM-IH) expects its earnings per share (EPS) for the year ended December 31, 2024, to rise by approximately 1,077% year-on-year. This substantial increase is primarily attributed to the successful completion of the Mopani Copper Mines strategic equity partner (SEP) transaction, which transformed Mopani into a financially sustainable entity. The deal also enabled the settlement of ZK44.72 billion (US$1.71 billion) in debt owed to Glencore/Carlisa. As part of the transaction, ZCCM-IH recorded a one-time gain of ZK35.92 billion (US$1.41 billion) and… Read More Here

Mining in DRC Economy Events & Expos

EquityBCDC Reaffirms Commitment to DRC Mining Sector with Strong Financial Backing and Offtake Facilitation

June 16, 2025June 16, 2025 Constance

EquityBCDC reaffirmed its commitment to the Democratic Republic of Congo’s mining sector by offering strong financial backing and the ability to facilitate transactions between miners and their international offtakers. This was emphasized by Yves Bizunga Kussa, Deputy Managing Director of EquityBCDC and Managing Director of the Southern Region, during a panel discussion at the 20th edition of DRC Mining Week, which concluded on Friday, June 13, 2025, at the Karavia Hotel in Lubumbashi. As one of the major sponsors of the event, EquityBCDC was represented by a large delegation, continuing… Read More Here

Mining in DRC Economy Events & Expos

DRC’s Mining Sector Reaffirmed as Backbone of DRC Economy at DRC Mining Week

June 16, 2025June 16, 2025 Constance

As the 20th anniversary edition of DRC Mining Week opened in Lubumbashi, Haut-Katanga, Bin Nassor Kasongo, President of the Chamber of Mines of the Democratic Republic of Congo, underscored the pivotal role of mining in the country’s economic development. “From 2007 to 2022, our mining industry contributed nearly $30 billion to the public treasury, making the mining sector the backbone of the Congolese economy,” Kasongo stated during his keynote speech at the Pullman Karavia Hotel. He credited this achievement to the early vision of industry pioneers and reaffirmed the Chamber’s… Read More Here