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Global Risk Complexity Could Support Stronger Appetite in Longer Dated Kwacha Securities in Upcoming Bond Sale 1 Mining in Zambia Economy 

Global Risk Complexity Could Support Stronger Appetite in Longer Dated Kwacha Securities in Upcoming Bond Sale

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The current chaotic state of the global environment is posing an array of short term risks that could fret offshore players in locking liquidity is shorter dated tenors in the upcoming Kwacha fixed income debt sale earmarked for Monday March 21, 2022. Grappling with a debt restructure whose time lines remain uncertain, geopolitical tensions have nonetheless seen crude prices at highs last seen in 2008 – potentially fueling inflation pressure. The risk landscape in the short term, remains fairly elevated and is compounded by the recent US Federal Reserve Open Market… Read More Here
An economic mission of South African investors expected in DR-Congo 2 Mining in DRC Economy 

An economic mission of South African investors expected in DR-Congo

arnbethnic
The Congolese Minister of Finance, Nicolas Kazadi, paid a courtesy visit to the Republic of South Africa from February 21 to 24, 2022 following the invitation of his counterpart, the Minister of Finance of the Republic of South Africa, Mr. Enoch Godongwana. According to the communication service of the Ministry of Finance, this mission enabled Nicolas Kazadi to participate in the presentation of the 2022 budget before the South African Parliament and hold working sessions to strengthen economic ties between the two countries and prepare the organization of the ”  RDC-RSA… Read More Here
Dan Gertler: a first step towards ending the plunder of natural resources in the DRC, but too early to declare victory! 3 Mining in DRC Economy Environment Social Governance (ESG) 

Dan Gertler: a first step towards ending the plunder of natural resources in the DRC, but too early to declare victory!

arnbethnic
February 19, 2022 – A Congolese commission has initiated negotiations with Dan Gertler on the recovery of mining and oil assets. The Congo is not for sale coalition welcomes this first step but calls on the government to ensure that the agreement covers all ill-gotten gains and calls for the process and results of the negotiations to be made more transparent. According to the report of the Council of Ministers of February 18, a commission “concluded with the Fleurette group the terms of reference of a memorandum of… Read More Here
Albert Yuma FEC Mining in DRC Economy 

DRC: celebration of 50 years of the FEC, Albert Yuma announces a series of activities by July 27

arnbethnic
As of July 27, the Federation of Congo Enterprises (FEC) will total half a century, so 50 years. To this end, a series of activities are planned, the focus of which will be the celebration of this anniversary both in Kinshasa and in certain provincial groups. The announcement was made by the President of the FEC, Albert Yuma, during the ceremony of exchange of wishes, Thursday, February 17, 2022, in Kinshasa. For the head of the FEC, these activities aim to consolidate relations with members and attract new affiliates. It is… Read More Here
Small Scale Miners looking forward to the resumption of operations at the Black Mountains- Zambia 4 Copper Economy Mining in Zambia 

Small Scale Miners looking forward to the resumption of operations at the Black Mountains- Zambia

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The Small Scale Miners Association of Zambia has hailed the Government’s decision to hand over a portion of the Kitwe Mineral Slag Dump commonly known as Black Mountain to cooperatives owned by the local youth and women. President Hakainde Hichilema on Sunday night announced on Facebook the handover of the Kitwe Black Mountain to a Consortium of cooperatives representing all the 10 districts of the Copperbelt province, the Women in mining group, and the Community hosting the black mountain. The Black Mountain located between Wusakile and Nkana West is owned… Read More Here
Zambia’s President Hands over the Black Mountain to Coorperative, Women in Mining and the Host Community. 5 Mining in Zambia Copper Economy Governance 

Zambia’s President Hands over the Black Mountain to Coorperative, Women in Mining and the Host Community.

arnbethnic
Zambia’s President Hakainde Hichilema has handed over the famous black mountain, a mineral rich slag dumb of mining waste from the previous ZCCM mining days situated in Nkana, Kitwe on the Copperbelt Province of Zambia. In his statement, President Hichilema said the site has been given to three groups who have been given licenses to operate and these includes a Consortium of cooperatives representing all the 10 districts of the Copperbelt province, Women in Mining and the Community that hosts the black mountain. Below is the President’s statement on the… Read More Here
East African Community approves DRC's application for membership 6 Mining in DRC Economy Governance 

East African Community approves DRC’s application for membership

arnbethnic
The Council of Ministers of the East African Community (EAC) has approved the admission of the Democratic Republic of Congo to this regional bloc. The announcement was in a press release consulted on Saturday February 12 on the community’s website. According to this press release, this approval was made on Tuesday, February 8, following negotiations held between the EAC and the DRC from January 15 to 24 in Nairobi, Kenya.  The EAC negotiating team was led by Dr Alice Yalla, Secretary for Integration at the Ministry of EAC and Regional Development… Read More Here
Faced with "obscured" Chinese mining contracts, an American official offers another "model" to the DRC 7 Mining in DRC Economy Governance 

Faced with “obscured” Chinese mining contracts, an American official offers another “model” to the DRC

arnbethnic
Faced with China and “opaque” mining contracts that do not or very little benefit the population, a senior American official said on Saturday in Kinshasa that the United States was offering the Democratic Republic of Congo another “model of development “. “For too long the great wealth of the DRC has not translated into a better quality of life for the Congolese,” Daleep Singh, US deputy national security adviser, told reporters on a visit to the DRC capital where he met President Félix Tshisekedi on Friday. According to him, “generations… Read More Here
A new partnership framework between the World Bank and the Democratic Republic of Congo 8 Mining in DRC Economy Governance 

A new partnership framework between the World Bank and the Democratic Republic of Congo

arnbethnic
Jean-Christophe Carret, Director of World Bank Operations for the Democratic Republic of Congo, Angola, Burundi and Sao Tome & Principe was received this Friday, February 05, 2022 by the President of the Senate Modeste Bahati Lukwebo. On the menu of exchanges between the two personalities, is the new partnership framework between the World Bank and the Democratic Republic of Congo. The representative of the World Bank said that the new partnership framework between this international financial institution and the DRC will soon be presented in Washington. According to the representative of… Read More Here
DRC President Félix Tshisekedi notes real difficulties in the application of the law on subcontracting 9 Mining in DRC Economy Governance 

DRC President Félix Tshisekedi notes real difficulties in the application of the law on subcontracting

arnbethnic
In his communication during the 38th meeting of the Council of Ministers held on Friday January 28, 2022, the President of the Republic Félix Tshisekedi noted real difficulties in the application of the law governing the field of subcontracting, particularly in the mining sector. specifically concerning its business tax regime. Added to this list is the development of illegal mechanisms for circumventing the law to the detriment of the local workforce.  “Drawing the consequences of the low impact of the effects of the law on subcontracting in the private sector… Read More Here

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