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Category: Governance

FÉLIX TSHISEKEDI GRANTS A ONE-YEAR TAX AMNESTY TO SMES AND MICRO-ENTERPRISES IN DRC 1 Mining in DRC Environment Social Governance (ESG) Governance 

FÉLIX TSHISEKEDI GRANTS A ONE-YEAR TAX AMNESTY TO SMES AND MICRO-ENTERPRISES IN DRC

arnbethnic
The Congolese Head of State Félix Tshisekedi granted by ordinance-Law a one-year tax amnesty to all small and medium-sized enterprises as well as micro enterprises operating in different economic sectors. According to a copy of the ordinance law N ° 22/030 of September 08, 2022, relating to the promotion of entrepreneurship and startups, it is clearly indicated in article 50 that within the framework incentive measures that have already been taken, particularly around ​​taxation and the business climate, the beneficiary companies benefit –          total or partial exemption from the payment of… Read More Here
An NGO denounces kickbacks requested by certain political figures in the DRC (A Press Release by CNPAV) 2 Mining in DRC Environment Social Governance (ESG) Governance Mining Policy 

An NGO denounces kickbacks requested by certain political figures in the DRC (A Press Release by CNPAV)

arnbethnic
The Coalition – Congo is not for sale (CNPAV) remains concerned about the deterioration of the business climate in the country and strongly denounces influence peddling and retro-commissions solicited by certain politically exposed personalities in the country. The CNPAV considers that the video published on September 14, 2022 by Le Temps and OCCRP showing Mr. Vidiye Tshimanga Tshipanda, former adviser to President Felix Tshisekedi in charge of Strategic Issues, soliciting shares in a company that would have liked to settle in the mining sector Congolese, illustrates the contrast between the… Read More Here
OPINION: Glencore’s Leadership Must be Held Accountable for Company’s Corrupt Behavior (By NJ Ayuk) 3 Governance Environment Social Governance (ESG) 

OPINION: Glencore’s Leadership Must be Held Accountable for Company’s Corrupt Behavior (By NJ Ayuk)

arnbethnic
Glencore International A.G. and its subsidiaries bribed officials in seven countries for more than a decade After U.S. energy company Enron made global headlines in the early 2000s for accounting and corporate fraud, attention quickly shifted to the decision-makers behind the company’s actions. Ultimately, Enron executives Kenneth Lay, Jeffrey Skilling, and Andrew Fastow were convicted on federal felony charges. That was the appropriate response. When corporations engage in illegal behavior, the people responsible should face repercussions — and they often do. Why, then, have the executives at Switzerland-headquartered commodities and… Read More Here
The Biden administration sets conditions for investing in the DRC mining sector 4 Mining in DRC Governance 

The Biden administration sets conditions for investing in the DRC mining sector

arnbethnic
On a visit to the Democratic Republic of Congo, from September 12 to 13, 2022, the emissary of American President Joe Biden, ended his visit after talks with the President of the Republic Félix Antoine Tshisekedi, the two personalities discussed the issues and investment potential of the Congolese mining sector. At the end of his visit to the DR Congo, Amos Hochstein, special coordinator of the President of the United States of America in charge of international energy affairs, made a point of reaffirming the interest that his country attaches… Read More Here
How could the 2023 Budget drive continued economic growth for Zambia? 5 Mining in Zambia Economy Governance 

How could the 2023 Budget drive continued economic growth for Zambia?

arnbethnic
As is tradition, ahead of the annual Budget announcement by the Minister of Finance, Mining For Zambia spoke to celebrated Zambian economist, Professor Oliver Saasa, to ask him about the measures we might expect to see introduced in order to drive continued economic growth, one year since the ‘new dawn Government’ took the helm. Ahead of the announcement of the 2022 Budget in October 2021, much of the country eagerly waited to hear what President Hichilema’s administration had in store. Almost a year on, what would you say have been the biggest changes to… Read More Here
Over 75% of gold mining sites in Ituri are controlled by armed groups, worth millions of US dollars (Civil Society Report) 6 Mining in DRC Environment Social Governance (ESG) Governance 

Over 75% of gold mining sites in Ituri are controlled by armed groups, worth millions of US dollars (Civil Society Report)

arnbethnic
More than 3/4 of mining sites in Ituri province are controlled by armed groups. The latter exploit the gold and cause millions of American dollars to escape from the Congolese State. This is what the Coalition of Civil Society Organizations of Haut-Uélé and Ituri denounces for the governance of natural resources in its latest report published in August 2022.  Civil society is concerned about the activism of armed groups in eastern DRC who continue to expand and consolidate their positions in mining areas in full view of the politico-administrative and military authorities. … Read More Here
The Makuta Ya Maendeleo Consortium launches the interactive platform for information on the management of mining royalties. 7 Mining in DRC Environment Social Governance (ESG) Governance 

The Makuta Ya Maendeleo Consortium launches the interactive platform for information on the management of mining royalties.

arnbethnic
The Makuta Ya Maendeleo Consortium is pleased to announce the launch this Friday, September 02, 2022 of the interactive platform dedicated to the disclosure of information on the collection, distribution and allocation of mining royalty funds paid by mining companies to provinces and decentralized territorial entities (ETD) in the Democratic Republic of the Congo.  The platform publishes amounts to be paid to provinces and ETDs based on debit notes issued by mining divisions and amounts actually collected by these sub-national entities. It also includes an interactive map to view and locate… Read More Here
FEC calls on DGDA to cancel all STDA-related missions in Haut-Katanga, Lualaba and Tanganyika in the DRC 8 Mining in DRC Governance 

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

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 9 Mining in DRC Economy Governance 

The DRC 2023 draft budget amounted to 14.6 billion USD

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 the DRC at the center of a training workshop for heads of provincial divisions of mines and geology 10 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

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

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