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Category: Economy

Zambia and DRC Move Closer to Launching Simplified Trade Regime 1 Mining in DRC Economy Mining in Zambia 

Zambia and DRC Move Closer to Launching Simplified Trade Regime

Constance
Zambia and DRC Accelerate Simplified Trade Regime Rollout to Boost Cross-Border Trade and Empower Small Traders Zambia and Democratic Republic of the Congo have stepped up efforts to operationalise the Simplified Trade Regime (STR), a framework designed to facilitate cross-border trade and support small-scale traders particularly women and youth. The initiative follows more than seven years of bilateral negotiations, with both governments now in the final stages of implementation. The STR is expected to streamline customs procedures, reduce administrative barriers, and enable small traders to access preferential tariff rates. Speaking… Read More Here
DRC Orders Nationwide Audit to Track Mining Export Revenues and Strengthen Foreign Exchange Controls 2 Mining in DRC Economy 

DRC Orders Nationwide Audit to Track Mining Export Revenues and Strengthen Foreign Exchange Controls

Constance
DR Congo Launches Mining Revenue Audit to Improve Export Traceability, Boost State Income and Protect Foreign Exchange Reserves The Democratic Republic of Congo (DRC) is set to launch a comprehensive audit within 30 days to track mining export revenues from shipment through to foreign currency repatriation and final government revenue collection. President Félix Tshisekedi issued the directive during the cabinet meeting held on April 24, 2026, signaling a renewed push to strengthen financial oversight in the country’s most important economic sector. The decision comes as mining exports continue to reach… Read More Here
DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets 3 Mining in DRC Economy Gold 

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

Constance
DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub The government of the Democratic Republic of the Congo has signed a gold supply agreement with UAE-based Paradigm Holdings, marking a new step in efforts to expand the country’s access to international bullion markets through Dubai. The deal highlights the growing role of the United Arab Emirates as a key intermediary in global gold trade, connecting resource-rich African producers with international buyers. Dubai has strengthened its position as a major global trading and refining hub,… Read More Here
DRC and Zambia Emerge as Key Drivers of Global Copper Supply Amid Surging Demand 4 Mining in Zambia Copper Economy 

DRC and Zambia Emerge as Key Drivers of Global Copper Supply Amid Surging Demand

Constance
DRC and Zambia Strengthen Global Copper Position as Rising Demand Reshapes Energy and Mining Markets The Democratic Republic of the Congo (DRC) and Zambia are reinforcing Africa’s strategic role in the global copper industry as rising demand for the metal reshapes the minerals and energy economy. According to a report by Visual Capitalist, the DRC ranks among the world’s top four countries in terms of copper reserves, making it the largest holder of copper resources in Africa. The country is also expanding its industrial footprint through new partnerships, including agreements… Read More Here
Copper Leads Weekly Surge in Global Commodity Prices as DRC Mining Products Show Mixed Trends 5 Copper Economy Mining in DRC 

Copper Leads Weekly Surge in Global Commodity Prices as DRC Mining Products Show Mixed Trends

Constance
Copper Prices Rise to $12,836/Ton as DRC Mining Commodities Record Mixed Market Performance (April 20–25) Copper maintained its upward trajectory on international markets during the week of April 20–25, extending a steady rally observed in recent weeks. According to projections from the National Market Commission under the Ministry of Foreign Trade of the Democratic Republic of Congo (DRC), copper is expected to trade at $12,836 per ton, up from $12,148 the previous week, marking an increase of $688 per ton. Broad-Based Movement Across Key Minerals The positive momentum is not… Read More Here
DRC’s Economic Rise Gains Momentum as Mining Boom and Currency Reforms Reshape Growth 6 Mining in DRC Economy 

DRC’s Economic Rise Gains Momentum as Mining Boom and Currency Reforms Reshape Growth

Constance
Democratic Republic of Congo Set to Become Fifth-Largest Economy in Sub-Saharan Africa as GDP Nears $123 Billion The Democratic Republic of the Congo is poised to become the fifth-largest economy in sub-Saharan Africa, with projected gross domestic product (GDP) of approximately $123 billion in 2026, according to estimates from the International Monetary Fund. This anticipated expansion is being driven by a three-pillar macroeconomic strategy: sustained growth in the mining sector, stronger inflows of foreign currency, and the appreciation of the Congolese franc. Beyond the immediate boost to economic output, ongoing… Read More Here
DRC Expands Copper Sales to U.S. as It Strengthens Control Over Strategic Minerals 7 Mining in DRC Copper Economy 

DRC Expands Copper Sales to U.S. as It Strengthens Control Over Strategic Minerals

Constance
DR Congo Raises Copper Exports to U.S. to 500,000 Tonnes, Launches Strategic Cobalt Reserve to Boost Market Influence The Democratic Republic of the Congo has significantly increased its planned copper sales to the United States to 500,000 tonnes, marking a fivefold rise from the initial commitment announced in January. The move signals the country’s growing ambition to strengthen its position in global critical mineral markets and secure greater control over revenues from its mining sector. The agreement, led by state mining company Gécamines, is being implemented through a marketing partnership… Read More Here
Judith Suminwa Leads Strategic Talks at World Bank–IMF Spring Meetings 8 Mining in DRC Economy 

Judith Suminwa Leads Strategic Talks at World Bank–IMF Spring Meetings

Constance
DR Congo Prime Minister Judith Suminwa Holds Strategic Talks on Economy and Health Financing at World Bank and IMF Spring Meetings in Washington Prime Minister Judith Suminwa Tuluka arrived in the United States capital, Washington, D.C., on Monday, April 13, 2026, to participate in the World Bank Group and International Monetary Fund Spring Meetings, taking place from April 13 to 18. Beginning April 14, 2026, the Head of Government initiated a series of high-level engagements with development partners and economic experts supporting reforms and sectoral development in the Democratic Republic… Read More Here
DRC Central Bank Receives First Refined Gold Ingots Under New Reserve-Building Programme 9 Mining in DRC Economy Gold 

DRC Central Bank Receives First Refined Gold Ingots Under New Reserve-Building Programme

Constance
Democratic Republic of Congo Launches State Gold Reserve Programme as First Refined Ingots Reach Central Bank The Democratic Republic of the Congo has received its first delivery of refined gold ingots at the central bank, marking a major milestone in its effort to rebuild official monetary gold reserves through a new state-led purchasing programme. According to DRC Gold Refinery SA the country’s first dedicated gold refinery the development represents a significant step toward restoring the nation’s monetary gold system nearly five decades after it largely ceased formal accumulation. The company… Read More Here
Lualaba Drives DRC Mining Sector with Nearly $4 Billion in Revenues 10 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

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