Economy - Copperbelt Katanga Mining

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

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

Mining in Zambia Economy

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

March 19, 2022March 19, 2022 admin

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

Mining in DRC Economy

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

February 28, 2022March 1, 2022 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

Mining in DRC Economy

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

February 21, 2022February 21, 2022 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