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Category: Infrastructural Development

DRC's $7 Billion Infrastructure Deal with China Tied to Copper Prices 1 Mining in DRC Copper Infrastructural Development 

DRC’s $7 Billion Infrastructure Deal with China Tied to Copper Prices

Constance
Details published on Friday reveal that around $7 billion in infrastructure investments by Chinese companies in the Democratic Republic of Congo (DRC) under a revised minerals deal will be closely tied to copper prices. President Felix Tshisekedi’s government pushed for a review of the 2008 infrastructure-for-minerals deal with Sinohydro Corp and China Railway Group to secure greater benefits for the DRC, known as the world’s largest cobalt producer. The revised agreement was signed in March. Under the terms of the new agreement, the parties have agreed to maintain the current… Read More Here
Epiroc Zambia announces plans to build a new facility in Chingola 2 Mining in Zambia Equipment & Technology Infrastructural Development Mining Equipment 

Epiroc Zambia announces plans to build a new facility in Chingola

Constance
Epiroc Zambia Limited is set to revolutionize the mining industry with the unveiling of its groundbreaking plans for a cutting-edge facility in Chingola, Zambia. Scheduled for the third quarter of 2024, the launch of this state-of-the-art facility marks a significant stride in Epiroc’s commitment to technological innovation and sustainable productivity. Comprising a comprehensive hub housing a training center, service center, workshop, warehouse, and administrative offices, the new facility aims to elevate skill development not only within Zambia but also across East, Central, and West Africa. Equipped with advanced technologies and… Read More Here
President Hichilema Commemorates Successful Rehabilitation of Chingola-Kasumbalesa Road 3 Mining in Zambia Infrastructural Development 

President Hichilema Commemorates Successful Rehabilitation of Chingola-Kasumbalesa Road

Constance
President Hakainde Hichilema has officially inaugurated the rehabilitated Chingola-Kasumbalesa Road, marking a significant achievement in Zambia’s infrastructure development strategy under the Public-Private Partnership (PPP) model. This milestone represents the first completion of a road project financed entirely by private sector funds, reflecting a prudent approach to safeguarding the national treasury, as highlighted by President Hichilema. The successful rehabilitation of the Chingola-Kasumbalesa Road sets a precedent for future infrastructure endeavors, including the ambitious Ndola-Lusaka dual carriageway, showcasing Zambia’s commitment to advancing its transportation network. With the road’s completion, travel delays and… Read More Here
DRC to Invest $7 Billion from Chinese Contract Revisit in Road Infrastructure 4 Mining in DRC Infrastructural Development 

DRC to Invest $7 Billion from Chinese Contract Revisit in Road Infrastructure

Constance
The Democratic Republic of Congo (DRC) aims to address its significant road infrastructure deficit by investing the entire $7 billion secured through renegotiating the SICOMINES contract with China. Freddy Yodi Shembo, Director General of the Agency for Steering, Coordination, and Monitoring of Collaboration Agreements, highlighted this strategy during a press briefing alongside Government Spokesperson Patrick Muyaya Katembwe on March 19, 2024. Shembo emphasized that while the funds may not cover the entire road network, priority would be given to integrative projects that enhance connectivity and foster development across the country.… Read More Here
Freddy Shembo Vows Stringent Oversight for SICOMINES Infrastructure Projects 5 Mining in DRC Infrastructural Development 

Freddy Shembo Vows Stringent Oversight for SICOMINES Infrastructure Projects

Constance
Freddy Yodi Shembo, Director General of the Collaboration Agreement Steering, Coordination, and Monitoring Agency (APCSC), assures rigorous supervision of infrastructure projects linked to the renegotiated Chinese contract in the Democratic Republic of Congo (DRC). Following the signing of Amendment No. 5 to the Sino-Congolese “mines against infrastructure” Convention, Shembo pledges meticulous monitoring to ensure quality and transparency in project execution. He emphasizes the APCSC’s commitment to diligent oversight, leveraging agencies like the Major Works Agency (ACGT) and the Technical Control Office (BTC) for effective scrutiny. Shembo underscores the importance of… Read More Here
Top 5 Rail Projects to Watch in Africa 6 Transport and Logistics Infrastructural Development 

Top 5 Rail Projects to Watch in Africa

Constance
Positive GDP growth, new energy and mining developments, and growing competitiveness of regional supply chains have resulted in surging demand for the development of Africa’s railway sector. As the continent undergoes unprecedented economic development – driven by fast-growing populations and rapid urbanization – Africa’s transport industry is poised to expand and support trade activities, while reducing carbon emissions and lowering transport costs. Accordingly, several African countries have partnered with international financial and development institutions in recent years with the objective of attracting finance to invest in enhanced rail infrastructure throughout… Read More Here
The Lobito Corridor: Washington’s Answer to Belt and Road in Africa 7 Transport and Logistics Angola Infrastructural Development Mining in DRC Mining in Zambia 

The Lobito Corridor: Washington’s Answer to Belt and Road in Africa

Constance
Launched a decade ago, China’s Road and Belt Initiative is a colossal infrastructure and economic development project spanning across Asia, Europe, and Africa. To date, 52 African governments signed Memorandums of Understanding (MoU) with China regarding the BRI and the initiative has translated into billions of dollars invested in the construction of roads, ports, railways, and other critical infrastructure. These projects are not only enhancing connectivity within the continent but also providing China with unprecedented access to Africa’s vast mineral wealth, particularly in countries like Zambia and the Democratic Republic… Read More Here
DRC President Inaugurates 2,400 m² Customs Services Building in Kasumbalesa 8 Mining in DRC Infrastructural Development 

DRC President Inaugurates 2,400 m² Customs Services Building in Kasumbalesa

Constance
On Tuesday, October 3, 2023, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) unveiled two significant infrastructure projects at the border crossings of Kasumbalesa, situated 91 kilometers from Lubumbashi, and Sakania, approximately 200 kilometers away from Lubumbashi. Previously scattered across a 7-kilometer radius from the border post, all the official services involved in the customs process are now consolidated within a modern building, encompassing a total of 2,400 square meters, equipped with state-of-the-art operational facilities at the Kasumbalesa border post in Haut-Katanga. Key Advantages of the New Building:… Read More Here
President Tshisekedi and President Hichilema launches Kasomeno-Mwenda Toll Road (KMTR) Project 9 Infrastructural Development Mining in DRC Mining in Zambia 

President Tshisekedi and President Hichilema launches Kasomeno-Mwenda Toll Road (KMTR) Project

Copperbelt Katanga News
Presidential Groundbreaking Ceremony launches Kasomeno-Mwenda Toll Road (KMTR) Project, Africa’s largest private infrastructure investment from Europe that could cut the Dar es Salaam – Lubumbashi distance by 300 KM. DRC and Zambia Heads of State and GED Africa’s executive team break ground at the future bridge site on the Luapula river marking the official commencement of the KMTR project. Chalwe, Haut-Katanga, The Democratic Republic of Congo, October 3 –  His Excellency President Felix Tshisekedi of the Democratic Republic of Congo (DRC) and His Excellency President Hakainde Hichilema of the Republic… Read More Here
DRC Ratifies Loan Agreement for DRC-Angola Transnational Economic Corridor Project with African Development Fund 10 Mining in DRC Infrastructural Development 

DRC Ratifies Loan Agreement for DRC-Angola Transnational Economic Corridor Project with African Development Fund

Copperbelt Katanga News
O’Neige N’Sele, Deputy Minister of Finance, submitted to the council the bill authorizing the ratification of the loan agreement signed on January 20, 2023 between the DRC and the African Development Fund (ADF) for the construction of the transnational economic corridor project between the Democratic Republic of Congo and Angola, phase 1. Prior to its adoption at the 94th meeting of the Council of Ministers, she indicated that with a financing of USD 99,224,400, this regional project aims to contribute to the improvement of the inter-state road transport system and… Read More Here

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