Category: Economy

Rawbank, one of the largest banks in the Democratic Republic of Congo, announces sharply increased operating results for the year 2022. This growth is notably due to a 39% increase in the volume of loans granted, testifying to the confidence customers to the bank. Rawbank has been able to meet the financing needs of businesses and individuals, thus contributing to the growth of the sector and the creation of jobs. The bank also stands out for its effective risk management and its commitment to financial inclusion and sustainable development.

Kibali Goldmines, Africa’s largest gold mine, announces a significant increase in production during the last quarter. The mine implements its business plan for the next decade and is recognized as one of Barrick Gold Corporation’s best. It plans to build a solar power plant to guarantee constant energy production. In addition to its economic impact, the mine contributes to local development and supports biodiversity conservation. The success of Kibali Goldmines demonstrates a strong partnership with the Congolese government and local communities.

Kibali Gold Mines, a renowned mining company, recently unveiled its second quarter 2023 report, highlighting its remarkable achievements. In this article, we’ll review nine of Kibali’s key successes during this time.

First, Kibali is on track to meet its gold production targets for the end of the year, thanks to effective management and process optimization. In addition, the company successfully reintroduced 16 white rhinos to Garamba National Park, in collaboration with local authorities and conservation organizations.

Kibali also stands out for its commitment to renewable energy, with the development of a 16 MW solar power plant project. Environmental studies are underway to achieve an 88% renewable energy supply, demonstrating Kibali’s commitment to environmental sustainability.

In terms of safety, Kibali has successfully transitioned to Bogging Multilite, a technology to improve underground visibility and reduce the risks associated with mining operations. This transition is part of the company’s “Zero incident” objective, highlighting its priority for the safety of its employees and the environment.

In terms of expansion, Kibali plans to continue its mining operations by exploring new sites and developing new reserves. Framework drilling is also underway for the exploration of new deposits, demonstrating the company’s commitment to staying at the forefront of the mining industry.

In conclusion, the impressive achievements of Kibali Gold Mines in the second quarter of 2023 testify to its excellent performance in all aspects of its activity. From gold production to community development initiatives, Kibali positions itself as an undisputed leader in the mining industry, while emphasizing environmental sustainability and the safety of its employees.

The inauguration of the office of the regulatory authority for subcontracting in the private sector in North Kivu marks an important step in the economic development of the region. This public institution will promote transparency, fairness and quality in subcontracting practices, thus stimulating the growth of local SMEs and the creation of jobs. The population of Goma sees in this initiative a real hope for development and prosperity for the future.

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The Congolese economic landscape is undergoing significant changes with recent appointments in public companies. New representatives have been appointed in companies such as MIBA, RVF, RVA, Congo Airways, SCPT, FPC and SNCC. These appointments reflect the government’s desire to strengthen the governance and management of public enterprises, while promoting the country’s economic development. These new officers will be responsible for advancing these businesses and contributing to the economic growth of the Democratic Republic of Congo.

Kibali Goldmines, Africa’s largest gold mine, announces a significant increase in production in the last quarter, as part of its growth plan. The mine is also implementing an ambitious business plan for the next decade, aiming to produce more than 500,000 ounces of gold at a cost below the industry average. Kibali Goldmines also stands out for its commitment to renewable energy, with the use of hydroelectric power plants and a future solar power plant. The mine also has a positive impact on local communities and the environment, favoring Congolese suppliers and contributing to the conservation of biodiversity. Kibali Goldmines is thus positioned as a benchmark in the mining industry.

The Democratic Republic of the Congo has recently made important appointments in its state-owned companies. These leadership changes aim to improve the management and development of these institutions. New management teams have been put in place in companies such as the Bakwanga Mining Company, the Waterways Authority, the Airways Authority and Congo Airways. These appointments reflect the government’s efforts to strengthen the country’s economy and provide quality services to Congolese citizens.

The Kibali gold mine in the Democratic Republic of Congo is experiencing spectacular growth, with a significant increase in production in the last quarter. Managed by Barrick Gold Corporation, Kibali is recognized as one of Barrick’s top Tier I mining assets, capable of producing over 500,000 ounces of gold at a cost below the industry average. In addition to its gold production, the mine also contributes to the economic development of the region and supports local communities with investments of US$4.6 billion. Kibali also prioritizes the use of renewable energy in its production, with the planned construction of a solar power plant to increase the share of green energy in its energy network. This achievement demonstrates a fruitful partnership between Barrick, the Congolese government and local communities, and highlights Kibali’s commitment to sustainable development and environmental preservation.