Economy - Copperbelt Katanga Mining

The United States reassures Sama Lukonde of the start of American investments in DRC this year (2022)

January 30, 2022January 30, 2022 arnbethnic

Congolese Prime Minister Jean-Michel Sama Lukonde has received assurances from White House officials and the US State Department that US investments will start in the Democratic Republic of Congo this year 2022. Jean-Michel Sama Lukonde Kyenge indeed exchanged with a delegation of American officials, this Friday, January 28, 2022, at the Primature. The American mission, made up of delegates from the State Department, the White House and the United States Embassy in the DRC, assured the Head of the Congolese Government of the desire of the country of Uncle Sam… Read More Here

Covid-19 Economy

2021 Visa Openness Index calls for easier travel to propel Africa out of Covid-19 slump

December 16, 2021January 6, 2022 arnbethnic

Opening up Africa’s borders to travel will drive investment and an economic rebound, according to the authors of the 2021 Africa Visa Openness Index. Published yearly since 2016, the Index measures African countries’ openness to travellers from elsewhere on the continent. This year’s edition found that the onset of the Covid-19 pandemic substantially impacted free movement. “In this new era of travel, safety and hygiene protocols have become as important as travel documentation and visa formalities,” said the report, jointly released by the African Development Bank and the African Union Commission… Read More Here

Mining in Zambia Economy Mining in DRC

HH, Tshisekedi hold talks in Kinshasa, agree to resolve trade barriers

November 24, 2021November 24, 2021 admin

Zambian President His Excellency Hakainde Hichilema held very fruitful bilateral talks with His Excellency Félix Antoine Tshisekedi Tshilombo in Kinshasa yesterday. Their talks centred around trade and investment and long-standing border issues between our two countries, which they agreed should be resolved harmoniously. They also agreed that trade and investment can be enhanced if they normalise border challenges. This would not only allow both countries to focus on the creation of business opportunities, but that such efforts would in turn improve livelihoods, health and education for the people of DRC… Read More Here

Economy Mining in DRC Taxes

Nicolas Kazadi delighted with the receipts achieved of 445 million USD in August- DRC

September 6, 2021 admin

Nicolas Kazadi presented Friday to the Council of Ministers the state treasury situation for the month of August 2021. In terms of revenue, 891.6 billion CDF were collected over the period, or 445 million USD. “Which is exceptional for this month of August, a month which has always recorded the weakest results in previous years”, said the Minister of Finance. Compared to the budget allocations for the month of August 2021, an achievement rate of 129% emerged. He explains this performance by consolidating the momentum for increased revenue mobilization. According to… Read More Here

Economy

Mining plays a critical role in transformation

September 2, 2021September 2, 2021 admin

As SA works to reset and rebuild, reaffirming our commitment to transforming our economy and society has never been more urgent. Transformation can enable our economic recovery and social cohesion efforts. Over the past 27 years SA has been guided by the ideals set out in the constitution to heal the divisions of the past and establish a society based on democratic values, social justice and fundamental human rights. While we have made much progress, we also know our social fabric is fraying and our economy remains closed to millions… Read More Here

Mining in Zambia Economy Governance

New Leader Takes Zambia from Defaulter to Investor Darling – Bloomberg

August 29, 2021August 29, 2021 arnbethnic

Zambia’s new president, Hakainde Hichilema, is turning the nation’s economic fortunes around barely a week into the job. The southern African nation’s currency and dollar bonds have surged to become the world’s best performers since he was announced the winner of Aug. 12 elections. His pick of economist Situmbeko Musokotwane as finance minister has gone down well with investors, as have his pronouncements that he’ll speedily conclude a financing deal with the International Monetary Fund and court foreign investment. Zambians have grown used to bad news in recent years. Production… Read More Here

Mining in DRC Economy Mining Companies

DRC: A spectacular increase to $ 3.8 billion in Gécamines assets

August 28, 2021August 28, 2021 arnbethnic

The Générale des Carrières et des Mines SA (Gécamines SA) has released its consolidated financial statements for fiscal year 2020. A publication that responds to the principle of transparency and accountability of public companies in the portfolio of the Congolese State. This detailed report shows that the state company is in good financial health these days, despite the health crisis caused by the coronavirus pandemic. Gécamines’ balance sheet of assets stood at $ 3.8 billion as at December 31, 2020, compared to $ 3.7 billion in fiscal 2019, an increase… Read More Here

Economy Mining in Zambia

The first 100 days. Economist Oliver Saasa offers advice to the new Administration- Zambia

August 11, 2021August 11, 2021 admin

The country’s national election is just days away, but regardless of one’s politics or confidence in a party’s campaign, one thing is certain: If Zambia follows a path that leads to long-term, sustainable economic recovery, each and every citizen will benefit. Mining For Zambia asked leading economist Professor Oliver Saasa what needs to happen during the crucial first 100 days of a new administration to ensure that Zambia leaves the debt era behind, and chooses the road to economic recovery. The potential for the mining industry to drive an economic recovery… Read More Here

Mining in DRC Economy

Kinsevere’s US$6 million economic boost to 26 Bukanda communities

July 15, 2021July 15, 2021 admin

The MMG Kinsevere mine pledged US$6 million in support of 20 sustainable community projects in 26 Bukanda sector villages on 6 July 2021. Over the long term, Kinsevere has invested nearly US$20 million in the region between 2006 and 2020. These ‘Cahier des Charges’ will see economic benefits flow to locally-run businesses as well as improved agriculture, education and public health over the next five years. Patrick Nkulu, Deputy General Manager Operations; Jinlu Gao, Deputy General Manager Development, and Michel Santos, Social Development Manager, joined with Kipushi Territory administration authorities,… Read More Here

Mining tax Economy Mining in DRC

DRC’s Minister of Mines and the EITI coordinator review the payroll situation of the mining royalty due to the Public Treasury and ETDs

March 15, 2021March 15, 2021 arnbethnic

The Minister of Mines, Willy Kitobo discussed this Thursday, March 11 with Jean-Jacques Kayembe, Coordinator of the EITI-DRC (Initiative for transparency in the extractive industries). Mr. Kayembe was accompanied by the consultant recruited to shed light on the payments by all parties of the mining royalty due to the Public Treasury, to the provinces, to ETDs and to the Mining Fund for Future Generations (FOMIN). “During this hearing, Mr. Jean-Jacques Kayembe, EITI-DRC coordinator presented to the Minister of Mines the consultant who had been recruited to carry out a monitoring mission… Read More Here