Category: Economy

Barrick’s historic partnership with Mali has propelled the country’s gold mining industry to new heights. The Loulo-Gounkoto complex, one of the largest gold producers in the world, contributes significantly to the Malian economy, representing between 5 and 10% of the country’s GDP. Moreover, it is a major employer with a workforce that is mostly made up of local workers. Ongoing investment in the development of the complex has led to the discovery of new reserves and the creation of local jobs. Barrick also attaches importance to the safety of its employees and is committed to the transition to renewable energies. In conclusion, the Loulo-Gounkoto complex contributes in a sustainable way to the Malian economy and to the reduction of its carbon footprint.

The partnership between Barrick and the Malian state has propelled Mali’s gold mining industry to the rank of world leader. The Loulo-Gounkoto complex, one of the largest gold producers in the world, has contributed $9.3 billion to the Malian economy. Not only has it created jobs and tax revenue, but it has also fostered the development of local suppliers. Barrick continues to invest in new growth opportunities, supporting the complex’s development outlook. Additionally, the company is committed to environmental sustainability by expanding its use of renewable energy. This mutually beneficial partnership promises a promising future for the gold mining industry in Mali.

The inauguration of the office of the regulatory authority for subcontracting in the private sector in North Kivu marks an important step for the economic development of the region. This public institution will make it possible to regulate subcontracting activities and promote the growth of local businesses, thus contributing to the creation of a genuine middle class. The police mayor of Goma and the representative of the Military Governor express their satisfaction with this initiative and underline the potential benefits. The Director General of ARSP calls on young entrepreneurs in Goma to support President Tshisekedi in his desire to bring out a new generation of Congolese millionaires. The Minister of Small and Medium Enterprises stresses the importance of regulating subcontracting in the region to promote sustainable development. The people of Goma welcome this news with great joy, understanding the benefits it will bring to the economic development of the region and the creation of a dynamic middle class.

Rawbank, one of the largest banks in the Democratic Republic of Congo, has announced impressive operational results for the year 2022. With a 39% increase in the volume of loans granted, the bank demonstrates its continuous growth in the market. Congolese bank. Rawbank has been able to take advantage of the country’s growing economic opportunities by granting more loans to support investment and development projects. By diversifying its loan portfolio and focusing on small and medium-sized enterprises, the bank is helping to stimulate economic growth and create jobs. In addition, Rawbank is investing in the modernization of its online banking services, offering greater accessibility to its customers. These positive results and Rawbank’s continued commitment to supporting the Congolese economy reinforce its leading position in the DRC banking market.

Kibali Goldmines, Africa’s largest gold mine, recorded a significant increase in production in the last quarter. The mine is on track to meet its annual targets. Kibali Goldmines is implementing its business plan for the next decade and is considered one of Barrick Gold Corporation’s top mines. It mainly draws its energy from hydroelectric power stations but also plans to build a solar power station. In addition to its economic contribution, Kibali Goldmines is committed to community development and environmental preservation. It supports local suppliers and entrepreneurs and participates in the preservation of biodiversity by supporting the Garamba National Park in particular. Kibali Goldmines confirms its position as a world-class mine and is an example of successful partnership between the mining sector, government and local communities.

The suspension of rail traffic between Mwene-Ditu and Kananga in the DRC following a landslide disrupted the movement of people and the transport of goods. The rockslide blocked the railway line for a distance of 70 meters, creating delays and disruptions in local supplies. The repair of the track will take more than a month, and the availability of the necessary equipment is slowing down the process. It is crucial to solve this problem because the railway plays an essential role in the Grand-Kasai region. Pending full resolution, it is important to explore other transportation alternatives to minimize the impact on the local economy.

The population of Goma celebrated the opening of the office of the regulatory authority for subcontracting in the private sector (ARSP) in North Kivu. This initiative aims to support young entrepreneurs in the region and contribute to the emergence of a dynamic middle class. The ARSP Director General called on local entrepreneurs to support President Tshisekedi’s vision to bring out a new generation of Congolese millionaires. The Minister of Small and Medium Enterprises stressed the importance of subcontracting regulation for the sustainable development of the region and encouraged local entrepreneurs to take part in economic growth. This initiative arouses great joy among the population and promises to create new economic opportunities for the region.