Economy - Copperbelt Katanga Mining

Mining in DRC Economy Technology & Innovation

Julien Paluku calls on African countries to pool resources and migrate from import economies to local processing of natural resources

October 23, 2022October 23, 2022 arnbethnic

The work of the 8th edition of Rebranding Africa Forum ended on Friday, October 21, 2022 at the Parliament of the Wallonia Brussels Federation in Belgium. Focused on the implementation of investment attractiveness strategies by African countries, the Democratic Republic of Congo was represented by its Minister of Industry Julien Paluku Kahongya. On this occasion, Julien Paluku shared the experience of the Democratic Republic of Congo on the process of setting up a first manufacturing plant for electric battery precursors in the province of Haut-Katanga and setting up Economic Zones Specials… Read More Here

Economy Mining in DRC Taxes

No VAT collection on 38 basic necessities until April 2023 in DRC

October 23, 2022October 23, 2022 arnbethnic

After the Government of the Democratic Republic of Congo decided, on April 15, 2022, to suspend the collection of VAT on thirty-eight (38) basic necessities over a period of six months, the deadline has just expired. be pushed back to April 2023. According to a press release published by the Chief of Staff of the Prime Minister, Jean-Michel Sama Lukonde, the latter signed, on Saturday October 15, 2022, two Decrees suspending the collection of Value Added Tax (VAT) on certain products. first need. In accordance with these two Decrees of… Read More Here

Mining in Zambia Economy Mining Policy

Zambian Government will not forgo mining-generated revenues again

October 17, 2022October 17, 2022 arnbethnic

Government set out its plan to revive Zambia’s economy during last week’s Public Symposium on the 2023 National Budget, held on Monday 3 October 2022. Mining For Zambia shares the key takeaways. Having secured an IMF-supported program in September 2022 to assist with managing the country’s debt, growth is now at the top of Government’s agenda. Minister of Finance and National Planning, Hon. Dr. Situmbeko Musokotwane, said: “A Budget can be – and is – an instrument for economic growth. Growth is what is going to take us out of this poverty and generate money… Read More Here

Mining in Zambia Economy

Zambia’s 2023 Budget: A return to global norms

October 17, 2022October 17, 2022 Copperbelt Katanga News

Tax Partner at KPMG Zambia, Michael Phiri, unpacks the Budget measures designed to set in motion a mining-led economic recovery The dust has now settled since the announcement of the 2023 National Budget, during which the Minister of Finance set out the Government’s plan to revive Zambia’s economy. In this, the first in a series of exclusive interviews with financial, economic, and mining experts, Michael Phiri, Tax Partner at KPMG Zambia, sheds light on why certain Budget measures have been proposed, and how they will set in motion a mining-led economic recovery.… Read More Here

Mining in Zambia Economy Governance

How could the 2023 Budget drive continued economic growth for Zambia?

September 11, 2022September 11, 2022 arnbethnic

As is tradition, ahead of the annual Budget announcement by the Minister of Finance, Mining For Zambia spoke to celebrated Zambian economist, Professor Oliver Saasa, to ask him about the measures we might expect to see introduced in order to drive continued economic growth, one year since the ‘new dawn Government’ took the helm. Ahead of the announcement of the 2022 Budget in October 2021, much of the country eagerly waited to hear what President Hichilema’s administration had in store. Almost a year on, what would you say have been the biggest changes to… Read More Here

Mining in DRC Economy Governance

The DRC 2023 draft budget amounted to 14.6 billion USD

September 4, 2022September 4, 2022 arnbethnic

The Sama Lukonde Government is betting on tabling the 2023 Draft Budget on September 15, 2022 in parliament, in accordance with the instructions of the Head of State Félix Tshisekedi. “At the latest adjustments, the central government budget for the 2023 financial year is presented in balance, in revenue and expenditure, at 29,511.1 billion FC (14.6 billion USD), i.e. an increase rate of 32.6% compared to the Law for the financial year 2022 amounting to 22,253.0 billion FC”, reveal the documents of the Minister of the Budget submitted to the… Read More Here

Mining in Zambia Economy

Zambia has finally received approval of a long-awaited IMF-supported program, what next?

September 4, 2022September 4, 2022 arnbethnic

Now that Zambia has finally received approval of a long-awaited IMF-supported program, what will it do for the country? Renowned economist Prof. Oliver Saasa gave Mining For Zambia this exclusive comment:“At the end of the day, in Zambia, the entry of the IMF spells good tidings. It allows us to go back to being a member of the global village where there is fiscal prudence and management of our economy, alongside other like-minded countries. It allows us to receive advice from multilateral institutions on the number of challenges that the… Read More Here

Mining in Zambia Economy Governance

Some councils in Zambia have confirmed failure to collect levies from big mining companies

August 15, 2022August 15, 2022 arnbethnic

Despite copper prices and other minerals mined enjoying excellent international prices and Zambia having over eight (8) large scale copper mines, local authorities mostly known as councils have reported having serious challenges collecting land rates and other levies from mining companies. Most council officials and contacts spoken to by the Zambian Business Times – ZBT have indicated that compliance levels from mining companies are too low, and when the councils push for collections, there is heavy political interference from senior government officials and politicians which make it impossible to collect… Read More Here