DRC’s Economic Committee Focuses on Price Stability and Fiscal Management 1 Mining in DRC Economy Governance 

DRC’s Economic Committee Focuses on Price Stability and Fiscal Management

The Economic Situation Committee in the Democratic Republic of Congo (DRC) is actively working to stabilize prices, monitor the foreign exchange market, and enhance public finance management. Following the recent meeting on November 6, 2024, Deputy Prime Minister and Minister of National Economy, Daniel Mukoko Samba, reported that goods and services markets show signs of stability, with inflation under control. To maintain this stability, the government is enforcing strict budgetary discipline and enhancing revenue collection as the year-end approaches. To manage emergency expenses, the Ministries of Finance and Budget have… Read More Here
DRC Prime Minister demands better management of natural resources 2 Mining in DRC Governance 

DRC Prime Minister demands better management of natural resources

On Monday, November 4, 2024, at the Pullman Hotel in Kinshasa, Prime Minister Judith Suminwa Tuluka inaugurated a pivotal workshop aimed at strengthening the Extractive Industries Transparency Initiative (EITI) in the Democratic Republic of Congo (DRC). In her opening remarks, she emphasized the importance of transparency in the management of the country’s natural resources as a foundation for a prosperous future for the Congolese people. The workshop, attended by key industry stakeholders, focuses on aligning with the new EITI 2023 standards, aiming to inspire ambitious reforms within the sector. Jean-Jacques… Read More Here
ARSP Director General Discusses Collaboration with IGF to Strengthen Tax Base for 2025 Budget 3 Economy Governance Mining in DRC 

ARSP Director General Discusses Collaboration with IGF to Strengthen Tax Base for 2025 Budget

On Tuesday, November 5, 2024, Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), met with Jules Alingete Key, Inspector General and Head of Service of the General Inspectorate of Finance (IGF). The purpose of their meeting was to discuss how ARSP can contribute to enhancing the tax base of the Congolese State in preparation for the 2025 budget year. Katemb emphasized the importance of collaboration between ARSP and the IGF to streamline the subcontracting value chain. “The goal is to work in… Read More Here
Prime Minister Judith Suminwa Urges Congolese Diaspora to Support National Development 4 Mining in DRC Governance 

Prime Minister Judith Suminwa Urges Congolese Diaspora to Support National Development

Prime Minister Judith Suminwa Tuluka has called on the Congolese diaspora to play an active role in the development of the Democratic Republic of Congo. During her visit to Brussels, she emphasized the importance of integrating the concerns of expatriates into national public policies. “I left Belgium 27 years ago, and I never imagined that I would one day return as Prime Minister. This sentiment resonates with many. While some may view this role as an honor or a source of pride, for me, it is a heavy responsibility. I… Read More Here
DRC Govt Proposes Certification System for Mining Reserves 5 Mining in DRC Governance 

DRC Govt Proposes Certification System for Mining Reserves

During the 17th Council of Ministers meeting on Friday, October 11, in Kinshasa, Congolese Minister of Mines Kizito Pakabomba presented an information note on the government’s need to establish mechanisms for certifying mining reserves. Pakabomba emphasized that internationally recognized best practices for certifying mineral reserves involve a set of standards and methodologies used to evaluate, document, and certify mineral resources. These practices are essential to ensuring transparency, accuracy, and credibility in the information regarding the country’s mining reserves. According to the Minister of Mines, several key steps are required to… Read More Here
ARSP Director General Settles 30% of Debt Arrears to Public Partners 6 Mining in DRC Governance 

ARSP Director General Settles 30% of Debt Arrears to Public Partners

Miguel Kashal, the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), has made a significant payment of 30% toward clearing the debt arrears owed since 2020 to three key public entities: FOGEC, ANADEC, and APOCEM. This initiative demonstrates ARSP’s commitment to advancing the emergence of a true Congolese middle class, in alignment with the vision of President Félix Tshisekedi and in collaboration with the supervising ministry. The remaining debt, which predates Kashal’s appointment, is expected to be settled soon. Observers see this move as a… Read More Here
Forbes Honors ARSP Director for Leadership in Congolese Entrepreneurship 7 Mining in DRC Governance 

Forbes Honors ARSP Director for Leadership in Congolese Entrepreneurship

During his visit to the United States, Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), received a diploma of merit from Forbes magazine. This recognition was awarded for his exemplary leadership in promoting entrepreneurship in the Democratic Republic of Congo (DRC), specifically in the subcontracting sector, where Congolese entrepreneurs have begun to secure substantial contracts with major companies. In 2024, Forbes celebrated several African leaders for their contributions to various sectors. At the event, Miguel Kashal expressed his gratitude to President Félix… Read More Here
Tshisekedi and Macron Discuss Security and Diplomatic Issues at Elysée Palace Meeting 8 Mining in DRC Governance 

Tshisekedi and Macron Discuss Security and Diplomatic Issues at Elysée Palace Meeting

On Friday, October 4, 2024, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) held a one-on-one meeting with French President Emmanuel Macron at the Elysée Palace. The two leaders discussed matters of mutual interest, focusing on key topics previously raised during their April 2024 meeting in France. According to the Congolese presidency, the discussions centered on the security and humanitarian crisis in eastern DRC, resulting from the conflict with Rwanda, as well as the progress of the Luanda Process, an initiative aimed at restoring dialogue between Kinshasa and… Read More Here
U.S. Strengthens Partnership with DRC to Enhance Mineral Processing at UN General Assembly 9 Mining in DRC Copper Governance 

U.S. Strengthens Partnership with DRC to Enhance Mineral Processing at UN General Assembly

During the 79th United Nations General Assembly, Félix Tshisekedi met with José W. Fernandez, U.S. Under Secretary of State for Economic Growth, Energy, and the Environment. The meeting, which took place on Monday, included the Congolese Minister of Mines, the Chairman of the Board of Directors of Gécamines, and a delegation from Buenassa, the company spearheading a project to construct a copper and cobalt refinery in Lualaba province. Mr. Fernandez reiterated the United States’ interest in investing in the Democratic Republic of the Congo (DRC) to foster a local industry… Read More Here
DRC Prime Minister Submits 2025 Budget Plan with Focus on Investments 10 Mining in DRC Economy Governance 

DRC Prime Minister Submits 2025 Budget Plan with Focus on Investments

On Monday, September 16, Prime Minister Judith Suminwa presented three key draft laws to the National Assembly: the 2025 finance bill, the 2024 budget performance report, and an amended 2024 budget law. The proposed 2025 budget amounts to 49,847 billion Congolese francs (approximately $18 billion USD), reflecting a 21% increase over the 2024 budget of 40,986 billion Congolese francs. The Prime Minister explained that the budget takes into account global economic disruptions, such as the ongoing conflicts in Ukraine and the Middle East, as well as internal challenges like the… Read More Here

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