Category: Economy

The Special Economic Zone of Musienene, in North Kivu in the DR Congo, is in full expansion. After a visit by the Minister of Industry, Julien Paluku Kahongya, the progress made in the area is visible. The development studies have been finalized, allowing the expansion of the area to more than 300 hectares to accommodate new businesses. More than 10 large companies have already submitted their application for registration, demonstrating the growing interest from investors. The support of local notability is crucial to ensure the development of the area. The ZES of Musienene offers great economic prospects, creating jobs and stimulating the growth of the province of North Kivu.

The strong partnership between Barrick and the State of Mali has propelled the country’s gold industry to the top of the world. The Loulo-Gounkoto complex, one of the largest gold producers, has contributed $9.3 billion to the Malian economy and accounts for between 5 and 10% of GDP. Barrick continues to invest in the future of Loulo-Gounkoto, with new growth opportunities and a commitment to sustainability. 74% of the complex’s purchases are local, promoting the economic development of Mali. This partnership demonstrates the importance of a mutually beneficial partnership and responsible practices.

The visit of the Congolese Minister of Industry to the Special Economic Zone (SEZ) of Musienene, in North Kivu, highlights the evolution and progress of work in this zone. Studies on the development plan have been finalized, providing a clear vision of the organization of the site. The area of ​​the SEZ has been expanded to more than 300 hectares. More than 10 requests for the installation of industrial units have been registered. This visit highlights the importance of SEZs in economic development, by offering tax benefits, suitable infrastructure and an investment-friendly environment. The Congolese government demonstrates its commitment to supporting and promoting these economic initiatives, promoting job creation and stimulating economic growth in the region.

Finance Minister of the Democratic Republic of Congo, Nicolas Kazadi, chaired a meeting of the political troika aimed at reviewing the country’s economic situation. Despite the challenges related to the foreign exchange market, the macroeconomic situation remains relatively stable. In view of the next review of the program with the IMF, concrete measures will be taken to stabilize the exchange rate. The presence of the Deputy Prime Ministers of the Economy and the Civil Service underlines the importance attached to this meeting. The Congolese government is determined to maintain economic stability and promote growth by working with the IMF and implementing appropriate measures.

The longstanding partnership between Barrick and the State of Mali has propelled the country’s gold mining industry to the top of the world. The Loulo-Gounkoto complex has become one of the world’s leading gold producers and has contributed $9.3 billion to the Malian economy. It has also created nearly 7,000 jobs, mostly for Malians. Barrick continues to invest in the development of the complex, while promoting local supply and promoting renewable energy. This partnership has been beneficial for all stakeholders and points to a promising economic future for Mali.

The partnership between Barrick and the State of Mali has propelled the Loulo-Gounkoto mining complex to the rank of world leader in the gold mining industry. The complex has contributed $9.3 billion to the Malian economy and represents between 5 and 10% of the country’s GDP. Barrick continues to invest in the future of Loulo-Gounkoto through successful exploration and construction of new mines. Current operations are on track to meet their production targets, and the complex is also turning to renewable energy and favoring local suppliers. In conclusion, Loulo-Gounkoto will continue to contribute significantly to the Malian economy while ensuring worker safety.

The Musienene Special Economic Zone project in North Kivu in the DRC is making promising progress. The expansion of the site and the presence of electricity are already attracting investors. This project represents a real opportunity for economic development, by creating jobs and promoting economic diversification. However, it is necessary to be patient and to invest in the long term to ensure its success. The Musienene Special Economic Zone is a major project that has the potential to boost the economy of North Kivu and contribute to the sustainable development of the region.

The 26-year partnership between Barrick and the State of Mali has transformed the country’s gold mining industry. The Loulo-Gounkoto complex is West Africa’s largest gold producer and has contributed significantly to Mali’s economy. It also offers social benefits as a large employer and working closely with local suppliers. Barrick continues to invest in the future of the complex, with successful exploration activities and a focus on worker safety. In addition, they are committed to a transition to renewable energies. This beneficial partnership demonstrates Barrick’s commitment to Mali’s economic development and well-being.

The visit of the Congolese Minister of Industry to the Special Economic Zone of Musienene in North Kivu revealed significant progress in this economic development project. The development plan studies have been finalized and the SEZ site has been expanded to provide more opportunities for interested companies. In addition, the energy infrastructure is in place, which is essential for the proper functioning of industrial activities. The SEZ has already attracted the interest of several large companies, testifying to its development potential. Finally, the support of local notability is essential for the success of this ambitious project.

Through its partnership with Barrick, Mali’s gold mining industry has become a world leader. The Loulo-Gounkoto complex, one of the largest gold producers in the world, has contributed $9.3 billion to Mali’s economy and represents between 5 and 10% of its GDP. With approximately 7,000 employees, 97% of whom are Malians, the mining complex generates more than 70% of the economic benefits for the benefit of the State. Barrick continues to invest in the future of the complex by identifying new growth opportunities. At the same time, the group emphasizes social and environmental responsibility, promotes local procurement, is committed to the transition to renewable energies and ensures the safety of its workers. This fruitful partnership demonstrates the importance of mutually beneficial collaboration for the economic and social development of a country.