Governance - Copperbelt Katanga Mining

Angola’s President Takes AU Helm Amid Rising Regional Crises 1

Angolan President João Manuel Gonçalves Lourenço officially assumed the rotating presidency of the African Union (AU) for 2025 on Saturday, February 15, succeeding Mauritania’s Mohamed Ould Cheikh Ghazouani. The transition took place during the opening of the 38th AU Summit at the organization’s headquarters in Addis Ababa, Ethiopia. In a formal ceremony attended by several heads of state, outgoing AU Commission Chairperson Moussa Faki Mahamat, and other dignitaries, Lourenço received the symbolic gavel from Ghazouani, signifying his leadership role at the continental level until February 2026. According to an official… Read More Here

Prime Minister Judith Suminwa Urges Responsible Mining at African Mining Indaba

February 6, 2025February 6, 2025 Constance

On Monday, January 3, Judith Suminwa, the head of the Congolese government, participated in the opening of the 31st edition of the Investing in African Mining Indaba, held virtually from Cape Town, South Africa. This year’s forum, with the theme “Preparing the Future of the Mining Industry Today,” brought together industry leaders and stakeholders from across the globe. In her address, Prime Minister Suminwa emphasized the importance of responsible mining, stating, “Mining must be a lever for sustainable development, not a burden for future generations.” She urged African leaders to… Read More Here

Mining in DRC Events & Expos Governance

DRC Prime Minister Calls for Global Action Against Illicit Mineral Exploitation

February 6, 2025February 6, 2025 Constance

At the 31st edition of the Investing in African Mining Indaba, held on February 3, 2025, Democratic Republic of Congo (DRC) Prime Minister Judith Suminwa Tuluka condemned the international community’s inaction in curbing the looting of Congolese mining resources, which continues to fuel armed conflicts in the country’s east. As Africa’s top copper producer and the world’s leading supplier of cobalt, the DRC plays a vital role in the global energy transition. However, rampant illegal mining strips the country of crucial revenues while exacerbating regional instability. The situation in the… Read More Here

Mining in DRC Governance

DRC Prime Minister Engages IGF to Strengthen Public Finance Oversight

February 6, 2025February 6, 2025 Constance

Prime Minister Judith Suminwa Tuluka met with a delegation from the General Inspectorate of Finance (IGF), led by Inspector General Jules Alingete Key, to discuss strengthening financial oversight and reducing public sector expenses. This meeting aligns with President Félix Tshisekedi’s directive for the government to implement strict cost-cutting measures to ease the financial burden on public institutions. Prime Minister Suminwa emphasized the IGF’s critical role in ensuring fiscal discipline and supervising expenditure in line with the President’s instructions. At the conclusion of the meeting, Alingete commended the Prime Minister’s commitment… Read More Here

Mining in DRC Governance

President Tshisekedi Pushes for Mineral Traceability to Curb Armed Group Funding in the DRC

January 19, 2025January 19, 2025 Constance

President Félix-Antoine Tshisekedi of the Democratic Republic of Congo (DRC) addressed ambassadors accredited to the country on Saturday, January 18, 2025, highlighting government initiatives to improve the traceability of “strategic” minerals from the eastern region. In his speech, President Tshisekedi underscored the importance of transparency and certification mechanisms aimed at ensuring Congolese natural resources truly benefit the nation. “In 2024, we intensified efforts to strengthen the traceability of our minerals with the support of international partners. We have also initiated discussions on implementing transparency and certification mechanisms to ensure our… Read More Here

Mining in DRC Governance

DRC Minister Receives Report Exposing South Kivu Mining Violations

January 12, 2025January 12, 2025 Constance

The Democratic Republic of Congo’s (DRC) Minister of Mines, Kizito Pakabomba, received a detailed report on January 8, 2025, from the Special Commission tasked with assessing the compliance of mining activities in South Kivu. After 15 days of rigorous investigations, the Commission reviewed operations of 18 out of 30 mining companies summoned by the Ministry of Mines. The report uncovered significant violations of the Mining Code and regulations, including: Minister Pakabomba commended the Commission for its thorough work and reaffirmed his ministry’s commitment to fostering sustainable and lawful mining practices.… Read More Here

Mining in DRC Economy Governance

DRC Prime Minister Announces Temporary Suspension of Business Audits

January 10, 2025January 10, 2025 Constance

Prime Minister Judith Suminwa has declared a nationwide moratorium on state control missions targeting businesses, addressing concerns raised by the Federation of Congolese Enterprises (FEC) about administrative challenges during the fiscal year-end. The suspension, effective from December 16, 2024, to January 30, 2025, aims to ease pressure on businesses during this crucial period. “I have decided to grant a moratorium on all tax audits, non-tax revenue audits, and routine economic audits to allow economic operators to prepare their financial statements with peace of mind,” the Prime Minister stated in a… Read More Here

Mining in DRC Economy Governance

DRC Prime Minister Grants Moratorium on End-of-Year Audits for Businesses

December 30, 2024December 30, 2024 Constance

Prime Minister Judith Suminwa has announced a nationwide moratorium on state services’ control missions targeting companies. The suspension, effective from December 16, 2024, to January 30, 2025, was granted in response to concerns raised by the Federation of Congolese Enterprises (FEC) over administrative burdens at the end of the fiscal year. “I have decided to grant a moratorium on all tax audits, non-tax revenue audits, and routine economic audits to allow economic operators to prepare their financial statements with peace of mind,” wrote the Prime Minister in a letter dated… Read More Here

Mining in DRC Economy Governance

DRC and Burundi Strengthen Bilateral Cooperation for Economic Growth

December 25, 2024December 25, 2024 Constance

President Félix-Antoine Tshisekedi of the Democratic Republic of Congo (DRC) met with his Burundian counterpart, Évariste Ndayishimiye, on Sunday, December 22, 2024, in Bujumbura for a friendship visit aimed at enhancing bilateral relations and regional stability, key to the economic development of both nations. This two-hour meeting marks a significant step in revitalizing the economic ties between the DRC and Burundi. The two leaders emphasized the importance of deepening trade and cross-border collaborations, particularly in infrastructure, energy, and natural resources. According to a source close to the Congolese presidency, “The… Read More Here

Mining in DRC Economy Governance

DRC President Promulgates $18 Billion Finance Law for 2025

December 25, 2024December 25, 2024 Constance

On December 22, 2024, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) officially promulgated the Finance Law for the 2025 fiscal year. The budget, unanimously adopted by both chambers of the Congolese Parliament, totals 51,553.54 billion Congolese francs (CDF), equivalent to approximately $18 billion at the budgetary exchange rate. The 2025 budget marks a 25.8% increase from the previous year, underscoring the government’s commitment to enhancing internal resource mobilization and optimizing financial authority performance. This significant growth reflects confidence in the national economy and bolsters the government’s credibility… Read More Here