Economy - Copperbelt Katanga Mining

17 trucks illegally transporting mining products worth 3.5 million USD seized in Lualaba, DRC 1

The Agency for the Prevention and Fight against Corruption (APLC) in the Democratic Republic of Congo (DRC) announced to the press, on Thursday July 7, 2022, that it had intercepted 33 trucks illegally transporting mining products in the province of Lualaba. Sixteen (16) out of the thirty-three (33) trucks were required to pay fines in the order of several hundred US dollars for having violated the rules enacted in this regard. In addition, 17 other trucks were seized with goods estimated at nearly 3.5 million USD by teams from the… Read More Here

Economy

ICMM Members Commit to Consistent Reporting on Social and Economic Contribution

May 19, 2022May 19, 2022 admin

The International Council on Mining and Metals (ICMM) has published a new Social and Economic Reporting Framework which commits members to report against a set of social and economic indicators, empowering stakeholders such as communities, governments, and investors to assess the contribution of mining to social and economic development more easily. ICMM members, representing around a third of the industry, have committed to report on eight key indicators which includes country by country tax reporting on revenues, payment and tax, workforce composition, pay equality, wage level, training provided, local procurement, education and… Read More Here

Economy Mining in Zambia

President Hichilema meets Cyril Ramaphosa

May 11, 2022May 11, 2022 admin

President Hakainde Hichilema today held a meeting with his South Africa’s counterpart Cyril Ramaphosa to find common grounds for harnessing development in rich mineral resource countries. President Hichilema also held several private engagements with key stakeholders in the mining and financial sectors to stir investments into the country’s economic growth. Key to this was to woo investments in the mining and supporting sectors such as energy, infrastructure, logistics and manufacturing with an aim of boosting Zambia’s economy. Other key stakeholders that the Head of State met were Stanbic Bank and… Read More Here

Mining in DRC Economy

Sama Lukonde talks economic cooperation with President Cyril Ramaphosa

May 11, 2022May 11, 2022 admin

On the sidelines of the Mining Indaba 2022 Forum, the Prime Minister, Jean-Michel Sama Lukonde, was received in audience, this Tuesday, May 10 in Cape Town, by the South African President, Cyril Ramaphosa. According to the Minister of Communication and Media, Door of the Government of the DRC, it was a question, during these exchanges, of the improvement and strengthening of economic cooperation between the Democratic Republic of Congo and South Africa. South, particularly with regard to the pooling of efforts for the development of value chains in the mining… Read More Here

Mining in DRC Economy Governance

DRC investment climate has improved under Felix Tshisekedi’s administration, US report says

May 1, 2022May 1, 2022 arnbethnic

From openness to foreign direct investment to the fight against corruption, including the return of the DRC to AGOA, the implementation of reforms to improve the judicial system, transparency in the management of public finances, the facilitation business through the Single Window for Business Creation (GUCE), the raising of the country’s sovereign rating, are all assets taken into account by an American report on investments in the DRC and which make the administration of Félix Tshisekedi in his efforts to improve the business climate. At a time when all the… Read More Here

Mining in DRC Economy

DRC-China trade reached 5.6 billion USD in the first quarter of 2022

April 25, 2022April 25, 2022 arnbethnic

Trade between China and the Democratic Republic of Congo (DRC) reached 5.6 billion U.S. dollars, an average growth of 98 percent over the same period of 2021. These statistics were provided by the Chinese Ambassador to the DRC, Zhu Jing, during an exchange with Congolese media on Friday, April 22, 2022. The Chinese diplomat believes that with the increase in copper and cobalt production capacity recorded by the country, the DRC is gaining market share in the world, mainly with China. Because, in parallel with the continuous increase in the production… Read More Here

Mining in DRC Economy Governance

GED Africa and the DRC government have signed a major long-term infrastructure development agreement

April 12, 2022April 12, 2022 arnbethnic

GED Africa, the DRC Ministry of Infrastructure and the Agence Congolaise des Grands Travaux (ACGT) are finalizing the 25-year Concession Agreement outlining the infrastructure development needs of the DRC segment of the GED Africa Route. Kinshasa, Democratic Republic of Congo, April 11, 2022- The signing of this Concession Agreement marks a critical milestone for the project, and paves the way for the construction of a new road between Kasomeno, in the Democratic Republic of Congo (DRC) and Mwenda , in Zambia. Key features of this multilateral infrastructure project include a… Read More Here

Mining in DRC Economy Governance

Félix Tshisekedi summons public companies including SNEL and REGIDESO to digitize their financial systems

March 20, 2022March 20, 2022 arnbethnic

The President of the Republic Félix Tshisekedi summons public companies to comply with the digital system for optimized management to improve their performance on many indicators. On this subject reports the minutes of the 45th meeting of the Council of Ministers, he instructed the Minister of State, Minister of Portfolio assisted by the Minister of Digital to ensure that all State portfolio companies can produce and implement suitable roadmaps for their respective digital transformation with a priority on everything related to their finances. “Specifically with regard to the national electricity company… Read More Here