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Category: Economy

Lualaba Drives DRC Mining Sector with Nearly $4 Billion in Revenues 1 Mining in DRC Economy 

Lualaba Drives DRC Mining Sector with Nearly $4 Billion in Revenues

Constance
Lualaba Generates 67% of DRC Mining Revenue in 2023, Highlighting Economic Dependence on Copper and Cobalt The province of Lualaba in the Democratic Republic of Congo recorded a dominant performance in the mining sector in 2023, generating approximately $3.93 billion in revenues, according to a report by the Extractive Industries Transparency Initiative (EITI) published in early 2026. These figures account for about 67.2% of the country’s total mining revenues, estimated at $5.85 billion for the year, underscoring Lualaba’s central role in the national extractive economy. Haut-Katanga province followed as the… Read More Here
Zambia to Establish New Gold Marketing Centres to Formalise Mineral Trade and Boost Transparency 2 Gold Economy Mining in Zambia 

Zambia to Establish New Gold Marketing Centres to Formalise Mineral Trade and Boost Transparency

Constance
Government to Build New Gold Marketing Centres Across Zambia by 2026 to Curb Illegal Mining and Improve Revenue Collection The Government has announced plans to establish new gold marketing centres across the country by the end of 2026 as part of efforts to formalise the mining sector and enhance transparency in mineral trading. Ministry of Mines and Minerals Development Permanent Secretary, Hapenga Kabeta, said the initiative will create structured, regulated platforms where artisanal and small-scale miners can sell gold through official and accountable channels. Dr Kabeta stated that the designated… Read More Here
Angola to Launch First Gold Refinery as Part of Economic Diversification Strategy 3 International Economy Gold 

Angola to Launch First Gold Refinery as Part of Economic Diversification Strategy

Constance
Angola opens first gold refinery in 2026 to boost mining value, reduce reliance on oil and diamonds Angola, Africa’s second-largest oil producer, is set to operate its first gold refinery in the first half of 2026, signaling a push to diversify its economy and extract more value from mineral resources. The refinery, located in Viana near Luanda, has a processing capacity of approximately 20 kilograms per day. Construction and equipment installation have been completed, with commissioning and final technical adjustments now underway, according to Paulo Tanganha, Angola’s national director of… Read More Here
DRC Mining Exports Show Upward Trend Amid Rising Copper, Cobalt, and Gold Prices 4 Mining in DRC Cobalt Copper Economy Gold 

DRC Mining Exports Show Upward Trend Amid Rising Copper, Cobalt, and Gold Prices

Constance
Congo’s copper, cobalt, and gold exports rise in 2026, boosting mining sector revenues The Democratic Republic of the Congo is witnessing an upward trend in the international prices of its key mining exports, according to the latest official projections. The National Market Commission of the Ministry of Foreign Trade reported that for the period from April 6 to 11, 2026, several strategic raw materials are expected to record weekly price increases. Copper: Primary export on the rise Copper, the country’s main export, is projected to trade at $12,143.30 per ton,… Read More Here
Special Flat-Rate Tax Generated Nearly 20% of DRC Mining Revenues in 2023 Before Tax Reform 5 Mining in DRC Economy Mining tax 

Special Flat-Rate Tax Generated Nearly 20% of DRC Mining Revenues in 2023 Before Tax Reform

Constance
DRC’s Special Flat-Rate Tax contributed $1.1B to mining revenues in 2023, replaced by CIT and PIT in 2026 In the Democratic Republic of the Congo, the Tax on Profits and Gains, also known as the Special Flat-Rate Tax, contributed 19.54% of the state’s mining sector revenues in 2023, according to the latest report by the Extractive Industries Transparency Initiative (EITI), consulted by Deskeco.com. The tax generated approximately $1.1 billion for the Public Treasury, out of a total of $5.61 billion collected from the mining sector during the year. Other significant… Read More Here
DRC’s Heavy Reliance on Mining Revenues Highlights Urgent Need for Economic Diversification 6 Mining in DRC Economy 

DRC’s Heavy Reliance on Mining Revenues Highlights Urgent Need for Economic Diversification

Constance
Extractive sector generates 60% of DRC state revenue, underscoring risks of overdependence on mining The economy of the Democratic Republic of the Congo remains heavily dependent on the extractive sector, reinforcing calls for broader economic diversification to reduce fiscal vulnerability and support long-term development. In 2023, current and exceptional state revenues totalled more than $9.75 billion, according to a report by the Court of Auditors of the Democratic Republic of the Congo analysing the national accounts for that year. Of this total, approximately $5.85 billion, or about 60%, was generated… Read More Here
BRICS Plus Nations Expand Gold Reserves as Central Banks Accelerate Shift Away from Dollar 7 Gold Economy International 

BRICS Plus Nations Expand Gold Reserves as Central Banks Accelerate Shift Away from Dollar

Constance
BRICS Plus gold reserves surpass 6,000 tonnes as central banks boost purchases and dollar share declines Members of the BRICS Plus trade bloc now hold more than 6,000 tonnes (t) of gold, representing about 17.4% of total global central bank reserves, up from 11.2% in 2019, according to a market note by financial services group EBC Financial Group. Russia leads the bloc with 2,336 t of gold reserves, followed closely by China with 2,298 t, while India holds 880 t. Together, Russia and China account for roughly 74% of the… Read More Here
DRC Gold Exports Surpass $2.2 Billion in 2025 as Production Increases 4% 8 Mining in DRC Economy Gold 

DRC Gold Exports Surpass $2.2 Billion in 2025 as Production Increases 4%

Constance
DRC Gold Exports Reach $2.2 Billion in 2025 with Industrial Mining Driving Growth The gold sector remains a cornerstone of the Democratic Republic of Congo’s (DRC) economy, contributing significantly to national revenue. In 2025, total gold exports reached an estimated $2.2 billion, according to consolidated and provisional data from the Technical Unit for Mining Coordination and Planning (CTCPM) and other mining sector authorities. This export value corresponds to more than 28,201 kilograms of gold, highlighting the sector’s continued growth. Overall gold production in 2025 rose to 28,202.89 kilograms, up from… Read More Here
DRC Diamond Exports Reach $67 Million in 2025, Driven Largely by Artisanal Mining 9 Mining in DRC Diamond Economy 

DRC Diamond Exports Reach $67 Million in 2025, Driven Largely by Artisanal Mining

Constance
DRC Exports Over 9 Million Carats of Diamonds in 2025 as Artisanal Sector Dominates Production The Democratic Republic of Congo (DRC) exported diamonds worth an estimated $67.18 million in 2025, according to consolidated provisional data released by the Technical Unit for Mining Coordination and Planning (CTCPM). In total, diamond exports reached 9,081,140.19 carats during the year, reflecting the continued importance of the diamond sector in the country’s mineral economy. The data highlights the dominant role of artisanal mining in the export structure. The artisanal sector accounted for 7,929,274.61 carats, generating… Read More Here
Tshisekedi and Qatar’s Emir Strengthen Diplomatic and Economic Ties Amid Regional Tensions 10 Mining in DRC Economy 

Tshisekedi and Qatar’s Emir Strengthen Diplomatic and Economic Ties Amid Regional Tensions

Constance
DRC and Qatar Deepen Strategic Partnership as Leaders Discuss Middle East Security and $21 Billion Investment Prospects In Doha, on Wednesday, April 1, 2026, the President of the Democratic Republic of Congo, Félix-Antoine Tshisekedi Tshilombo, held talks with the Emir of Qatar, Tamim bin Hamad Al Thani, against the backdrop of a tense international security climate. The meeting provided an opportunity to review several sensitive geopolitical issues, with particular focus on the evolving situation in the Middle East. Recent military actions involving Iran and affecting Qatar and other states in… Read More Here

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