PRESIDENT FÉLIX TSHISEKEDI OFFICIALLY SWORN IN 1 Mining in DRC Governance 

PRESIDENT FÉLIX TSHISEKEDI OFFICIALLY SWORN IN

On Saturday January 20th 2024, President Félix Tshisekedi officially took office for a second five-year term at the head of the Democratic Republic of Congo (DRC). He was sworn in before the Constitutional Court during a solemn public and mobile session held at the Stadium of the Martyrs of Pentecost. After the ecumenical prayer, the Head of State swore before God and the nation, among other things, “to observe and defend the Constitution and the laws of the Republic, to maintain its independence and the integrity of its territory, to… Read More Here
Zambia's President to Prioritize Local Ownership in Mining Licenses with New Law 2 Mining in Zambia Economy Governance 

Zambia’s President to Prioritize Local Ownership in Mining Licenses with New Law

In a recent announcement, President Hakainde Hichilema outlined key initiatives to strengthen Zambia’s governance and economic empowerment. The President declared the forthcoming introduction of a law aimed at preventing the sale of mining licenses to foreigners, emphasizing the government’s commitment to empowering Zambians with ownership of mining operations. Addressing the challenges in the public procurement process, President Hichilema disclosed plans for a new law in 2024 to address delays and corruption surrounding tenders. Additionally, he highlighted the impending review of the Electronic Government Procurement System (EGPS) to ensure broader citizen… Read More Here
DRC's Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume 3 Mining in DRC Economy Governance 

DRC’s Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume

At the end of November 2023, the volume of trade between the DRC and the rest of the world increased by 6.87% compared to the corresponding period of 2022. The trade balance showed a surplus of 3,153.96 million USD compared to that of 3,146.26 million recorded at the end of November 2022. Relative to GDP, this surplus represents 4.60% against 4.78% in 2022. This development is essentially due to the more pronounced increase in imports compared to that of exports, from one year to the next. Indeed, exports increased by… Read More Here
Triumph at the Ballot Box: Félix Tshisekedi Secures Re-Election with 73% Support in DRC's Presidential Showdown! 4 Mining in DRC Governance 

Triumph at the Ballot Box: Félix Tshisekedi Secures Re-Election with 73% Support in DRC’s Presidential Showdown!

Re-elected with 73% of the votes, Félix Tshisekedi has 5 years to consolidate the achievements of the first five-year term. At 4:02 PM (1 hour later in the eastern provinces of the DRC), under the daylight, the president of the CENI, Denis Kadima, began reading decision 130 of the CENI proclaiming the provisional results of the presidential election on December 20, 2023. Surrounded by members of the electoral commission, Denis Kadima indicated that candidate Felix Tshisekedi received a total of 13 million votes out of 18 million voters, representing 73%… Read More Here
According to the DRC elections body, CENI, 64,196 polling stations opened out of the 75,478 planned 5 Mining in DRC Governance Mining Policy 

According to the DRC elections body, CENI, 64,196 polling stations opened out of the 75,478 planned

The results of the presidential election published Sunday afternoon by the CENI firstly reveal the significant gap between the different candidates. With 73%, Félix Tshisekedi is far ahead of his direct rival Moïse Katumbi, who reaches 18%. These two candidates stand out as the only ones to exceed the one million vote mark.  Félix Tshisekedi is in the lead with more than 13 million 200 thousand votes, followed by the former governor of Katanga with 3 million 200 thousand votes. In third position, Martin Fayulu received just over 960,000 votes, representing 5%. The… Read More Here
Sabwe Mining company placed under the control of ARSP inspectors 6 Mining in DRC Governance 

Sabwe Mining company placed under the control of ARSP inspectors

After monitoring compliance with the regulations on subcontracting in mining companies in the province of Lualaba, inspectors from the regulatory authority for subcontracting in the private sector (ARSP), led by its general director Miguel Kashal, launched control activities in companies in the Haut-Katanga province. Miguel Kashal recommended that Sabwe Mining officials work in collaboration with ARSP OPJs so that entrepreneurs are included in the database and have access to markets. “The Head of State wants to write a new page in the economic history of our country. The fight has… Read More Here
ARSP Takes Control of METALKOL Mining Company to Ensure Subcontracting Compliance 7 Mining in DRC Governance 

ARSP Takes Control of METALKOL Mining Company to Ensure Subcontracting Compliance

The METALKOL mining company is now under the oversight of inspectors from the Regulatory Authority for Subcontracting in the Private Sector (ARSP). This decision was made by the Director General of ARSP, Miguel Kashal Katemb, following an inspection of the facilities and discussions with on-site officials. During a working session, the Director General of ARSP elaborated on President Félix Tshisekedi’s vision regarding subcontracting. He emphasized the significant progress made in facilitating access to markets compared to the past, attributing it to the President’s commitment to addressing subcontracting challenges. As part… Read More Here
Miguel Kashal Reports Surge in Subcontractors: From 3,500 to 14,000 in 10 Months in the DRC 8 Mining in DRC Governance 

Miguel Kashal Reports Surge in Subcontractors: From 3,500 to 14,000 in 10 Months in the DRC

The Minister of Communication and Media, Patrick Muyaya, and the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal Katemb, jointly led a press briefing on November 13, 2023, highlighting ARSP’s accomplishments and future prospects. Commenting on the significance of the sector, the Government spokesperson emphasized its potential to create millionaires in the DRC, particularly focusing on President Félix Tshisekedi’s commitment to private enterprises. Miguel Kashal acknowledged the president’s dedication to private sector development and highlighted ARSP’s initiatives, including the widespread promotion of subcontracting… Read More Here
DRC's Subcontracting Set to Capture $8.29 Billion in the Mining Sector in 2022 9 Mining in DRC Cobalt Copper Gold Governance 

DRC’s Subcontracting Set to Capture $8.29 Billion in the Mining Sector in 2022

Subcontracting in the Democratic Republic of Congo (DRC) is emerging as a substantial economic driver, poised to significantly contribute to the country’s economic development. In 2022, this sector is anticipated to yield over $8.29 billion, particularly from the mining industry’s production. During a briefing held on Monday, October 13, 2023, by the Minister of Communication and Media, Patrick Muyaya, Miguel Kashal, the Director General of ARSP, highlighted that the cost of production in the mining sector is 35%. This 35% represents the share allocated to subcontracting companies, linking the success… Read More Here
DRC Finance Minister, Unveils Proposal for the Strategic Investment Fund to the Government 10 Mining in DRC Economy Governance 

DRC Finance Minister, Unveils Proposal for the Strategic Investment Fund to the Government

Nicolas Kazadi, the Minister of Finance, presented a proposal to establish the Strategic Investment Fund of the Democratic Republic of Congo to the Council on Friday, November 9, 2023. According to the 119th meeting of the Council of Ministers, the fund’s primary focus will be on managing and optimizing specific real estate assets, including the Financial Center and the Congress Center. The fund aims to act as a reliable partner for investors, co-investing in various strategic projects based on potential opportunities. The proposed legal structure for the fund is a… Read More Here

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