Category: Ecology

The Katanga Business Meeting (KBM) is a major business fair held in Kolwezi in the Lualaba province in the Democratic Republic of Congo. This event provides a commercial exchange platform for local businesses and aims to promote the economic development of the region. By highlighting the mining, tourism and agricultural resources of the province, the KBM attracts investments and positions Lualaba as a major economic hub. In addition, this event includes conferences on corporate social responsibility, thus encouraging economic players to act in favor of sustainable development. The Katanga Business Meeting is therefore an unmissable opportunity for local and international companies wishing to participate in the growth of the economy and the recognition of Lualaba.

Summary: This article highlights the importance of maximizing the benefits of energy projects for local communities in the DRC. It highlights the need to respect specifications, strengthen local capacities, integrate communities into the decision-making process and promote decentralized energy solutions. By adopting an integrated approach, the DRC will be able to fully exploit its energy resources and promote sustainable and inclusive development for all.

In this article extract, Professor Mabi Mulumba emphasizes the need for the Democratic Republic of Congo (DRC) to unlock its economic potential. He stresses the importance of calling on specialists when negotiating mining contracts, in order to avoid mistakes of the past. It highlights the need to diversify the Congolese economy by promoting the local processing of minerals and solving the problem of the energy deficit. Professor Mabi Mulumba calls for rethinking the negotiation of mining contracts in the DRC and investing in the necessary energy infrastructure. He underlines the importance of these reflections being translated into concrete actions to enable the DRC to take full advantage of its development potential.

Tax revenues in the Democratic Republic of Congo (DRC) continue to increase, reaching a record level in August 2023. Financial authorities have mobilized a total amount of 1,003.4 billion Congolese Francs (CDF), demonstrating good management tax efficient. However, despite these record revenues, the Public Treasury has a significant budget deficit. To address this, it is necessary to increase revenues, rationalize spending and invest in key sectors of the economy. The DRC has significant economic potential and by exploiting these assets, the country can create jobs and improve the standard of living of its population. Appropriate measures are needed to improve the country’s financial situation and move towards a more stable and prosperous economy.

Barrick Gold Corporation is on track to meet its 2023 gold and copper production guidance. Significant progress has been made on key projects such as the Carlin Complex, Kibali Mine and Lumwana Mine, which should lead to an increase in production in the second half of the year. In the second quarter, gold production increased by 6% and copper production by 22%, demonstrating the company’s continued growth. Operating cash flow also increased by 7%, and improvements in safety and environmental responsibility are also notable. Barrick Gold Corporation strives to balance economic growth and sustainability, making it a major player in the gold and copper market.

Cobalt and copper prices in September 2023 are the focus of investors’ attention. Cobalt recorded a slight increase of 1.13%, reaching USD 32,979.10 per tonne at the start of the month, confirming the dominant position of the Democratic Republic of Congo on the world market. On the other hand, copper experienced a slight decline of 0.82% due to the strength of the dollar and disappointing indicators in China. Despite this, copper remains a valuable asset and its price fluctuations are closely monitored by investors. It is important to monitor these prices taking into account market fluctuations to make informed decisions in the field of mining investments. The Democratic Republic of Congo continues to position itself as a key player in the global mining industry.

Production sharing contracts for the exploitation of methane gas on Lake Kivu in the Democratic Republic of Congo have been signed, representing a historic milestone for the country. This exploitation will make it possible to take advantage of the methane gas present on Lake Kivu while preventing the potential risks of explosions. The contracts guarantee that profits will be equitably shared, with the participation of the state company Sonahydro. Before starting operation, additional studies will have to be carried out to ensure that it is sustainable and complies with regulations. This progress represents an opportunity for the DRC in terms of diversification of its economy, infrastructure development and job creation. In conclusion, this contract signing marks a crucial step for the development of the DRC’s energy sector, thus making it possible to take advantage of its natural resources to support its economic development.

Discover the latest trends in the foreign exchange and goods and services market in the Democratic Republic of Congo in this article. At the international level, prices of export products remain favorable, with a slight drop in copper and an increase in cobalt. At the national level, inflation is experiencing a gradual decline, reflecting good coordination of economic policies. The Governor of the Central Bank recommends maintaining stabilization measures and diversifying the economy to ensure financial stability and promote long-term growth.

In this powerful extract from a blog article, we highlight the impetus given by President Félix Tshisekedi for the development of Special Economic Zones (SEZs) in the DRC. His visit to the Maluku SEZ marked the start of a new chapter for the country, with the launch of tile and earthenware production. President Tshisekedi also underlined the importance of quickly finalizing the process of granting a preferential tariff for electrical energy to guarantee the competitiveness of companies established in the SEZs. In addition, he gave clear instructions for the creation of the Special Fund for Financing SEZs to support the development of these projects throughout the country. By encouraging synergy between different economic actors, President Tshisekedi aims to revive the country’s industrialization and attract investments in key sectors. The conditions are met to ensure the competitiveness and success of SEZs in the DRC.

The national company Congo Airways announced that it would temporarily interrupt its activities in order to improve its services. This decision aims to meet the growing expectations of travelers. Congo Airways plans to invest in fleet modernization, employee training and optimization of internal processes. The company also recognizes the importance of strategic partnerships to expand its network of destinations. She expresses her gratitude to President Félix Tshisekedi and the government for their financial support in maintaining operations. Congo Airways is committed to providing an exceptional travel experience to its passengers.