In the Haut-Katanga province of the Democratic Republic of Congo, tension has broken out in Likasi where Gécamines workers are expressing their discontent with a mining cooperative disputing the exploitation of a copper deposit. The strike was called following the disputed occupation of the Djambelwa deposit by the “Salama” cooperative, provoking anger among workers and perplexity among local authorities. The situation threatens to compromise Gécamines’ activities and the economic balance of the region.
Category: Economy
During the plenary session of December 17, 2024 in Haut-Uele, the provincial deputies examined and unanimously adopted the draft edict on the rendering of accounts for the 2023 financial year presented by Governor Jean Bakomito Gambu. This decision demonstrates the transparency and rigor in the management of public affairs in the province, thus strengthening citizens’ confidence in local authorities.
In a context of re-elections following irregularities, the provisional results of the recent legislative elections in the DRC have been announced. The names of the deputies elected in the constituencies of Yakoma and Masi-Manimba are revealed. The transparency and integrity of elections are crucial to restore citizens’ confidence in the electoral process and strengthen democracy. It is imperative that electoral authorities ensure that the process is conducted in an impeccable manner, pending the final results.
The digital transformation initiative led by Alerzo, Mastercard and USAID in Nigeria aims to empower over 10,000 MSMEs in the Southwest of the country. Through innovative digital and financial solutions, businesses can overcome challenges related to operational management and access to financial services. With a focus on digital literacy training, MSMEs acquire the skills needed to thrive in a digitalized environment. This collaboration illustrates the importance of innovation and collaboration in driving the economic and social development of businesses around the world.
The Department of Public Works and Infrastructure in South Africa is making available 24 state properties for redevelopment proposals by public and private entities. The initiative aims to valorise unused public assets for the benefit of the community. Members of the public and private entities can submit proposals by 13 March, with the aim of stimulating job creation and adding value to local communities. This innovative approach demonstrates a commitment to the public interest and economic development.
Gold trading is an important area for South African traders, offering lucrative opportunities and protection against economic instability. By combining price action and market sentiment analysis, traders can make informed decisions to maximize profits while minimizing risk. By identifying key levels, recognizing candlestick patterns, and monitoring global events, traders can optimize their positions and successfully navigate the volatility of the gold market. Careful risk management and the use of appropriate tools are essential for a robust trading strategy.
Silo Foods for Food Industries, a leading food industry company in Egypt, has launched its third phase of expansion to consolidate its position in the Middle East. Using cutting-edge technologies, Silo Foods produces a wide range of consumer staples and exports to 25 countries worldwide. The company is distinguished by its commitment to national food security, providing meals to schools and setting a Guinness World Record by distributing 600 million school meals. With a holistic vision of the food sector, Silo Foods embodies operational excellence and innovation, contributing to Egypt’s global reach.
In the context of a global energy transition, access to strategic minerals has become crucial for the United States and the European Union. A major project involving the DRC, Angola and Zambia aims to facilitate the export of these minerals through the rehabilitation of the Lobito corridor. However, delays on the DRC side raise concerns about its ability to take full advantage of this opportunity. The podcast “Fatshimetrie” explores these issues in depth. By overcoming the obstacles, the region could benefit from the economic benefits and contribute to the transition to a greener economy.
In the heart of the Democratic Republic of Congo, the NGO Friends of Nelson Mandela for Human Rights is launching an ambitious three-year program focused on strengthening active citizenship and denouncing violations of fundamental rights. Faced with the fragility of democratic achievements and the precariousness of institutions, citizen vigilance and collective mobilization are more necessary than ever to protect democratic principles. By opposing any attempt to modify the Constitution, the NGO defends the universal values of human rights and calls for unity for a fair future that respects individual freedoms in the Democratic Republic of Congo.
During the month of November 2024, businesses in Nigeria faced major economic challenges, despite a slight improvement from the previous month. The obstacles included power shortages and lack of foreign currency liquidity, which resulted in additional costs and reduced profit margins. Both manufacturing and non-manufacturing sectors experienced declines, while agriculture and trade recorded slight growth. Costs of doing business increased, while prices declined, highlighting the growing challenges for businesses. Despite some seasonal activities, Nigerian businesses must seek innovative solutions to navigate this difficult economic environment.