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DRC Mines Minister Calls on US Investors to Support Local Processing of Critical Minerals 21 Mining in DRC 

DRC Mines Minister Calls on US Investors to Support Local Processing of Critical Minerals

Constance
DRC Showcases Critical Minerals at USAfrica Business Week in New York The Democratic Republic of Congo (DRC) took center stage at the 8th edition of USAfrica Business Week, where Minister of Mines Louis Watum Kabamba participated in a high-level roundtable on trade and critical minerals between the United States and Africa. The forum brought together policymakers, business leaders, and industry experts to address the energy transition and the sustainable supply of strategic resources. DRC’s Central Role in the Green Economy In his remarks, Minister Watum underscored the strategic importance of… Read More Here
China Marks 76th Anniversary with Stronger Economic Ties to DRC 22 Mining in DRC Economy 

China Marks 76th Anniversary with Stronger Economic Ties to DRC

Constance
Chinese Ambassador Highlights $3 Billion Contribution and 100,000 Jobs from Sino-Congolese Cooperation At a ceremony marking the 76th anniversary of the founding of the People’s Republic of China, Chinese Ambassador to the Democratic Republic of Congo (DRC) Zhao Bin emphasized the significant economic gains from Sino-Congolese cooperation. Speaking before an audience of political leaders, diplomats, and business figures, Zhao underscored the tangible impact of Chinese companies in the DRC during 2024. Tangible Economic Contributions According to the ambassador, Chinese companies created over 100,000 jobs in 2024, while their tax contributions… Read More Here
DRC Nickel Prices Fall 0.09% Amid Global Market Fluctuations 23 Mining in DRC Battery Metals Economy Nickel 

DRC Nickel Prices Fall 0.09% Amid Global Market Fluctuations

Constance
Nickel Prices Slip Slightly as Global Market Volatility Persists The international price of nickel, a key export for the Democratic Republic of Congo (DRC), edged down by 0.09% to USD 13,342.90 per ton, compared to USD 13,355.24 the previous week, according to data released by the Ministry of Foreign Trade. This modest decline follows a 0.33% increase recorded during the week of September 15, when nickel traded at USD 13,400.23 per ton. The back-to-back shifts underscore the volatility of the global nickel market. Drivers of Price Fluctuations Commodity price movements,… Read More Here
DRC Prime Minister Chairs Economic Committee to Strengthen Congolese Franc and Banking Sector 24 Mining in DRC Economy 

DRC Prime Minister Chairs Economic Committee to Strengthen Congolese Franc and Banking Sector

Constance
DRC Government Moves to Consolidate Franc Stability and Restore Banking Confidence Prime Minister Judith Suminwa chaired a meeting of the Economic Situation Committee (ECC) last week to review the recent stabilization of the Congolese franc and outline measures to strengthen the country’s financial system. The meeting brought together key government and financial leaders, including Deputy Prime Minister for the National Economy Daniel Mukoko, Finance Minister Doudou Fwamba, Budget Minister Adolphe Muzito, the Minister of Portfolio, and the Governor of the Central Bank of Congo (BCC). Coordination Behind Franc Stability In… Read More Here
World Bank and DRC Strengthen Ties to Advance Inga Dam and Lobito Corridor 25 Mining in DRC Hydro power plant Transport and Logistics 

World Bank and DRC Strengthen Ties to Advance Inga Dam and Lobito Corridor

Constance
World Bank and DRC Focus on Inga Dam and Lobito Corridor to Drive Growth Finance Minister Doudou Fwamba Likunde Li-Botayi met with Albert Zeufack, World Bank Regional Operations Director, on Thursday to review ongoing cooperation and prepare for the Democratic Republic of Congo’s (DRC) participation in the Annual Meetings in October. The talks centered on strengthening the partnership, mobilizing new resources, and accelerating flagship projects such as the Inga Dam and the Lobito Corridor. Both initiatives are considered strategically vital for unlocking growth, boosting energy production, and enhancing regional integration.… Read More Here
Botswana Launches Emergency Diamond Auction to Boost Revenues Amid Market Slump 26 Diamond Economy International 

Botswana Launches Emergency Diamond Auction to Boost Revenues Amid Market Slump

Constance
Botswana Holds Rare Diamond Auction as Global Gem Demand Weakens Botswana is staging an unprecedented diamond auction in a bid to shore up government revenues battered by a prolonged slump in the global gems market. The state-owned Okavango Diamond Company (ODC) is offering about 1 million carats of rough diamonds in a one-off “closed” tender, ODC spokesperson Dennis Tlaang confirmed last week. Unlike the company’s regular auctions—planned well in advance for registered buyers—this ad-hoc sale was organised at short notice, according to Bloomberg. Sources familiar with the process say the… Read More Here
Lobito Corridor and Rail Upgrades Set to Transform Africa’s Copper and Cobalt Transport 27 Mining in Zambia Cobalt Copper Mining in DRC Transport and Logistics 

Lobito Corridor and Rail Upgrades Set to Transform Africa’s Copper and Cobalt Transport

Constance
Billions Flow Into African Railways as Global Powers Compete for Critical Minerals Billions of dollars are being poured into railway expansion and upgrades across Africa to improve the transport of critical minerals such as copper, cobalt, tantalum, and coal from landlocked mines in the Democratic Republic of the Congo (DRC), Botswana, and Zambia to global markets. Major Railway Projects Underway Several large-scale projects are driving this transformation: Trans-Kalahari Railway (1,500 km): Designed to link Botswana’s coal and mineral reserves to export hubs. TAZARA Upgrade (1,860 km): A proposed $1.4 billion… Read More Here
MAAMBA SIGNS 100 MW SOLAR DEAL AND $300MN AGRO DEALS WITH GRZ 28 Mining in Zambia Energy Partnership 

MAAMBA SIGNS 100 MW SOLAR DEAL AND $300MN AGRO DEALS WITH GRZ

Constance
ZCCM Investments Holdings (ZCCM-IH) and Zambia Development Agency (ZDA) join forces to accelerate renewable energy development MAAMBA, ZAMBIA – The Government of Zambia has formalised a partnership with Maamba Solar Energy Limited to implement a 100 MW solar power project at Maamba, Sinazongwe District. The signing ceremony, held at the Mulungushi Conference Centre in Lusaka, brought together key stakeholders including the Ministry of Energy, Zambia Development Agency (ZDA), ZCCM Investments Holdings and Maamba Solar Energy Limited (MSEL). Two key agreements were executed at the event, the Implementation Agreement (IA) and… Read More Here
Zambia’s Inflation Falls to 12.3% as Economy Shows Signs of Stability 29 Mining in Zambia Economy 

Zambia’s Inflation Falls to 12.3% as Economy Shows Signs of Stability

Constance
Zambia Records Lowest Inflation in Two Years and Strong Trade Surplus Zambia’s economy is showing encouraging progress, with inflation declining for the third consecutive month. In September, the annual inflation rate fell to 12.3% from 12.6% in August, marking the lowest level in nearly two years and signaling improved economic stability.Strong Trade Performance Beyond inflation, Zambia is also recording gains in external trade. In August, the country achieved a K3.3 billion trade surplus, a sharp rise from July’s K400 million surplus. This improvement reflects stronger export performance and a healthier… Read More Here
MAAMBA 100 MW SOLAR POWER PLANT COMMENCES CONSTRUCTION 30 Mining in Zambia Energy 

MAAMBA 100 MW SOLAR POWER PLANT COMMENCES CONSTRUCTION

Constance
New solar project at Maamba in Southern Province signals bold step in diversifying energy mix and reducing load-shedding. MAAMBA, ZAMBIA – Maamba Solar Energy Limited has launched the construction of a 100 megawatt (MW) solar power plant in Maamba, Southern Province, in what the government has described as a “game-changing” step towards ending the power crisis and advancing Zambia’s climate and energy goals. The project was officially launched by the Minister of Energy, Hon. Makozo Chikote, MP, on 22nd September at a groundbreaking ceremony attended by government officials, investors, community… Read More Here

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