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Category: Economy

IMF Praises Zambia’s Economic Progress Under Extended Credit Facility Programme 1 Mining in Zambia Economy 

IMF Praises Zambia’s Economic Progress Under Extended Credit Facility Programme

Constance
IMF Commends Zambia’s Economic Growth and Reform Efforts Following ECF Review Mission An International Monetary Fund (IMF) mission has concluded its visit to Zambia after assessing the country’s progress under the Extended Credit Facility (ECF) programme. The mission, led by Ms. Mercedes Vera Martin, met with government officials, private sector representatives, civil society organisations, and development partners between 22 October and 4 November 2025. In a statement issued at the end of the visit, Ms. Vera Martin described discussions with the Zambian authorities as “constructive and productive,” highlighting the government’s… Read More Here
Zambia’s Kwacha Strengthens on Higher Copper Exports and Improved Fiscal Discipline 2 Mining in Zambia Copper Economy 

Zambia’s Kwacha Strengthens on Higher Copper Exports and Improved Fiscal Discipline

Constance
Rising Mining Exports Strengthen the Kwacha as Confidence Grows in Zambia’s Economic Policy Zambia’s mining exports have driven a surge in foreign exchange inflows, boosting demand for the Kwacha and strengthening the local currency against the US Dollar. As of the latest trading session, the Kwacha stood at K21.70 for buying and K22.13 for selling. Trade experts noted that the increase in copper output—the country’s top export—has played a major role in the currency’s appreciation. They also credited the government’s consistent fiscal management and clear economic direction for improving investor… Read More Here
Turkish Ambassador Highlights Growing Economic and Strategic Ties with the DRC 3 Mining in DRC Economy 

Turkish Ambassador Highlights Growing Economic and Strategic Ties with the DRC

Constance
Turkey Projects $200 Million Trade with DRC in 2025, Targets $500 Million in Medium Term The Ambassador of the Republic of Turkey to the Democratic Republic of Congo (DRC), Murat Ülkü, praised the steady progress in economic and trade relations between the two countries on Wednesday, October 29, 2025, during a ceremony marking the 102nd anniversary of the founding of the Republic of Turkey. Ambassador Ülkü projected that bilateral trade between Turkey and the DRC would surpass USD 200 million this year, adding that both nations are working toward a… Read More Here
Gold price rises 2.4% as investors seek safety amid US economic and geopolitical uncertainties 4 Gold Economy News in Brief 

Gold price rises 2.4% as investors seek safety amid US economic and geopolitical uncertainties

Constance
Gold Surges Amid Market Uncertainty, Cementing Its Safe-Haven Status Gold continues to demonstrate its role as a safe-haven asset during periods of instability. By the end of the second week of October 2025, the price of an ounce of gold reached $3,978.10, marking a weekly gain of 2.4%. Several factors contributed to this rise. Markets are pricing in a potential cut in US interest rates, alongside a weaker US dollar. Investor anxiety is further fueled by ongoing concerns over a possible US government shutdown, a scenario that historically heightens market… Read More Here
Félix Tshisekedi Leads Efforts to Ensure Congolese Franc Appreciation Benefits Households 5 Mining in DRC Economy 

Félix Tshisekedi Leads Efforts to Ensure Congolese Franc Appreciation Benefits Households

Constance
Congolese Franc Strengthens: Tshisekedi Urges Government to Reflect Gains in Household Prices Following his recommendation at the 63rd Council of Ministers meeting to establish a monitoring mechanism for the Congolese franc’s appreciation, President Félix Tshisekedi chaired an economic situation meeting on Wednesday evening, October 22, at the African Union City. The session brought together the Prime Minister, the Deputy Prime Ministers in charge of Budget and National Economy, the Minister of Finance, and several other senior government officials. President Tshisekedi emphasized the importance of consolidating citizens’ confidence in the national… Read More Here
Zambia and Mozambique Strengthen Bilateral Ties Through Strategic Cooperation Talks 6 Mining in Zambia Economy 

Zambia and Mozambique Strengthen Bilateral Ties Through Strategic Cooperation Talks

Constance
Presidents Hichilema and Chapo Reinforce Zambia–Mozambique Partnership with New Trade and Border Agreement President Hakainde Hichilema of Zambia and President Daniel Francisco Chapo of Mozambique held Official Talks at State House in Lusaka, reaffirming the deep-rooted friendship and commitment to stronger cooperation between the two neighbouring countries. The high-level discussions focused on expanding collaboration in economic development, trade, energy, and regional integration, while emphasizing the shared goal of peace and security across the Southern African region. A Relationship Anchored in History and Solidarity President Hichilema underscored the longstanding historical and… Read More Here
DRC Finance Minister Doudou Fwamba Strengthens IMF Partnership to Sustain Economic Reforms and Fiscal Stability 7 Mining in DRC Economy 

DRC Finance Minister Doudou Fwamba Strengthens IMF Partnership to Sustain Economic Reforms and Fiscal Stability

Constance
Doudou Fwamba and IMF Deputy Chief Kenji Okamura Discuss DRC’s Fiscal Discipline and Economic Resilience On the sidelines of the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, Democratic Republic of Congo (DRC) Finance Minister Doudou Fwamba Likunde Li-Botayi held a high-level meeting with IMF Deputy Managing Director Kenji Okamura. The discussions were also attended by the Deputy Minister of the Budget and the Governor of the Central Bank of Congo. At the heart of the exchange were the DRC’s macroeconomic performance, fiscal discipline,… Read More Here
Zambia’s Kwacha Surges to 2025 Highs as Copper Boom Fuels Investor Confidence 8 Mining in Zambia Copper Economy 

Zambia’s Kwacha Surges to 2025 Highs as Copper Boom Fuels Investor Confidence

Constance
Zambian Kwacha Becomes Africa’s Best-Performing Currency in 2025 Amid Copper Price Rally The Zambian kwacha continued its impressive rally on Thursday, gaining more than 3% against the U.S. dollar—its strongest single-day advance in months. The currency has now appreciated over 21% since the start of the year, earning the distinction of being Africa’s best-performing currency in 2025. This sharp ascent reflects a resurgence of investor confidence in Zambia’s economy, powered primarily by robust fundamentals in the copper sector and steady progress in macroeconomic management. Key Drivers of the Kwacha’s Strength… Read More Here
Surging Copper Prices Position DRC and Zambia for Major Revenue Growth Amid Global Supply Crunch 9 Mining in DRC Copper Economy Mining in Zambia 

Surging Copper Prices Position DRC and Zambia for Major Revenue Growth Amid Global Supply Crunch

Constance
Copper Prices Hit 17-Month High, Boosting Economic Prospects for DRC and Zambia Global copper prices have soared to their highest levels in 17 months, creating new economic opportunities for Africa’s top producers—the Democratic Republic of the Congo (DRC) and Zambia. As global supply disruptions and speculative investment fuel a rally in the red metal, both nations are poised to benefit from a surge in export revenues and renewed investor confidence. Copper prices climbed by 3.45% on October 13, 2025, reaching $10,775 per metric ton, the highest level since May 2024.… Read More Here
FQM Sets Ambitious Goal for Zambia’s Copper Production by 2032 10 Mining in Zambia Copper Corporate News Economy Events & Expos 

FQM Sets Ambitious Goal for Zambia’s Copper Production by 2032

Constance
Zambia’s Copper Industry Targets 3 Million Tonnes by 2032 with Focus on Sustainability and Community Development First Quantum Minerals (FQM) has unveiled an ambitious vision for Zambia’s mining sector: achieving three million tonnes of copper annually by 2032. Speaking at the Zambia Mining and Investment Insaka (ZAMII) 2025, FQM Country Director Anthony Mukutuma stressed that this goal requires a combination of strategic planning, sustainable practices, and community engagement to ensure lasting benefits for the country. Held under the theme “Unlocking Africa’s Wealth: Advancing Sustainable Mining, Beneficiation & Value Addition,” the… Read More Here

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