Governance - Copperbelt Katanga Mining

FEC calls on DGDA to cancel all STDA-related missions in Haut-Katanga, Lualaba and Tanganyika in the DRC

September 4, 2022September 4, 2022 arnbethnic

The question of the Excise Duties Traceability System (STDA) has been the bone of contention for some time between the Federation of Congo Enterprises (FEC) and the Customs and Excise Department (DGDA). It is in this context that Congolese employers call on the DGDA to cancel all missions relating to the identification, training and registration of industrialists and importers of excise products as well as the installation of STDA machines within production units in the Provinces of Haut-Katanga, Lualaba and Tanganyika. In a letter addressed to the Director General of… Read More Here

The DRC 2023 draft budget amounted to 14.6 billion USD

September 4, 2022September 4, 2022 arnbethnic

The Sama Lukonde Government is betting on tabling the 2023 Draft Budget on September 15, 2022 in parliament, in accordance with the instructions of the Head of State Félix Tshisekedi. “At the latest adjustments, the central government budget for the 2023 financial year is presented in balance, in revenue and expenditure, at 29,511.1 billion FC (14.6 billion USD), i.e. an increase rate of 32.6% compared to the Law for the financial year 2022 amounting to 22,253.0 billion FC”, reveal the documents of the Minister of the Budget submitted to the… Read More Here

Mining in DRC Governance Mining Policy

Mining in the DRC at the center of a training workshop for heads of provincial divisions of mines and geology

September 4, 2022September 4, 2022 arnbethnic

The heads of the country’s provincial mining and geology divisions are in Kinshasa for a workshop from August 31 to September 2 on capacity building. This meeting, which focuses on mining in the country, has as its theme “Achieving the same level of perception and use of work tools in the mining sector”, both industrial and artisanal, in the light of the new Mining Code and its enforcement measures. “The Provincial Divisions representing the basic structure for the actions of the Ministry in the hinterland, it pleased the authority of the… Read More Here

Mining in Zambia Governance

The British Chamber of Commerce Zambia (BCCZ) Commends Government On Improved Investment Climate

August 29, 2022August 29, 2022 arnbethnic

LUSAKA, ZAMBIA – The British Chamber of Commerce Zambia (BCCZ) has commended the New Dawn government for improving Zambia’s investment climate and restoring investor confidence in the local economy as the government marks its first year in office.BCCZ Chief Executive Officer John Paton said the Hakainde Hichilema-led government has made significant strides towards making Zambia a favourable investment destination in the region, attracting local and foreign investors into the local economy.“In just one year, Zambia has gone back to being a positive economic and political story for the rest of the… Read More Here

Mining in Zambia Economy Governance

Some councils in Zambia have confirmed failure to collect levies from big mining companies

August 15, 2022August 15, 2022 arnbethnic

Despite copper prices and other minerals mined enjoying excellent international prices and Zambia having over eight (8) large scale copper mines, local authorities mostly known as councils have reported having serious challenges collecting land rates and other levies from mining companies. Most council officials and contacts spoken to by the Zambian Business Times – ZBT have indicated that compliance levels from mining companies are too low, and when the councils push for collections, there is heavy political interference from senior government officials and politicians which make it impossible to collect… Read More Here

Mining in DRC Governance Mining Policy

DRC: US encourages government to review certain mining contracts

August 13, 2022August 13, 2022 arnbethnic

The United States has its sights set on Congolese mines. World power, the country of Joe Biden is aware of the place occupied by the DRC in world geopolitics. In 2019 alone, the DRC provided 71% of the world’s cobalt production (100,000 tons out of 140,000). This ore is essential for the manufacture of batteries for smartphones or electric cars. The Congolese extractive sector contributes over 70% of export earnings and is the main driver of the country’s economic growth. The country is dependent on China, which buys around 58% of its exports, if we… Read More Here

Mining in DRC Governance Taxes

Here is the list of 14 taxes abolished in DRC and 20 other taxes affected by the reduction in their rates

July 26, 2022July 26, 2022 arnbethnic

The Government of the Democratic Republic of Congo (DRC) has decided to abolish 14 fiscal levies (taxes) and to lower the rate for 20 other import and export taxes. It is indeed a response adapted to the urgency of improving the business climate in a context of multifaceted crises due, among other things, to the effects of the Covid-19 pandemic and the harmful repercussions of the Russian-Russian conflict. Ukrainian. In their efforts, the Congolese authorities intend to make the Congolese economy more competitive and attractive in the sub-region in order… Read More Here

Mining in DRC Governance

Global Witness publishes details of fraudulent export of Congolese minerals from Rwanda

July 10, 2022July 10, 2022 arnbethnic

The ITSCI, a mechanism meant to provide a reliable chain of custody for 3T minerals, facilitates the laundering of contraband minerals from mines controlled by armed groups and benefiting neighboring Rwanda. These are the claims made by Global Witness in a report published a few hours ago. According to the report, 90% of the quantities of coltan (main source of tantalum), tin and tungsten, three minerals better known as “3T minerals”, exported by Rwanda are illegally introduced from the DRC. The British NGO, which specializes in the fight against the plundering… Read More Here