Congo News
Glencore’s copper bet set to drive $12.4bn earnings in 2025
Glencore is forecast to generate $12.4bn in EBITDA in 2025, fuelled by copper demand The miner remains among the world’s top five diversified producers Glencore is expected to post $12.4 billion in earnings before interest, tax, depreciation and amortisation (EBITDA) next year, keeping it in the ranks of the world’s top five diversified miners, says investment firm Simonis Storm.
DR Congo cobalt ban expiry shakes global markets
DRC supplies over 70% of world cobalt, giving Kinshasa new leverage Policy shift reshaped mineral flows, hit China, and boosted US influence KINSHASA, CONGO – The Democratic Republic of Congo’s ban on cobalt exports has expired, but its ripple effects are still reverberating across global supply chains, driving up prices.
Qatar pledges $21bn for Congo in landmark investment deal
Al Mansour Holding unveils one of the largest foreign commitments in Congo’s history Pledge comes as Kinshasa eyes first Eurobond and navigates fragile peace deal KINSHASA, CONGO – Qatar’s Al Mansour Holding has pledged $21 billion in investments across the Democratic Republic of Congo, a landmark commitment that underscores Doha’s growing influence in Africa.
Congo signs $23bn oil deal with China’s Wing Wah
Congo seals $23bn pact with China’s Wing Wah Petroleum to double oil output IMF warns subsidies and weak tax revenues heighten fiscal risks BRAZZAVILLE, CONGO – The Republic of Congo has signed a $23 billion agreement with China’s Wing Wah Petroleum to develop three oil blocks, a move aimed at doubling national crude production to 200,000 barrels per day
DR Congo plans first $1.5bn Eurobond to fund infrastructure, ease connectivity
Mineral-rich nation eyes debut on international debt markets to raise $1.5bn Analysts warn high global rates could raise borrowing costs KINSHASA, CONGO – The Democratic Republic of Congo is preparing to issue its first international bond, a $1.5 billion Eurobond, in a move officials say will finance critical infrastructure.
CEMAC export prices tumble as oil, gas and agriculture weaken
Composite commodity price index drops 9% in Q2 after strong Q1 rebound Energy and agricultural exports lead the decline, raising fiscal risks YAOUNDE, CAMEROON – Commodity export prices in the Central African Economic and Monetary Community (CEMAC) plunged in the second quarter of 2025, reversing gains made earlier in the year.
IMF flags Congo debt risk amid fresh borrowing
Congo raised $74 million in short-term Treasury bills amid fiscal and liquidity challenges The IMF has flagged Congo’s mounting debt rollover risk as potential threats to financial stability BRAZZAVILLE – The Republic of Congo raised FCFA 45 billion ($74 million) on July 22 through the sale of short-term Treasury bills, as the country intensifies its reliance on the regional
IMF warns of looming reserve crisis in Central Africa
CEMAC reserve cover could fall to 3.1 months by 2030 Currency pressure and debt servicing add strain to fiscal outlook The International Monetary Fund has warned of a deteriorating financial outlook in the Central African Economic and Monetary Community (CEMAC), cautioning that without bolder fiscal consolidation and urgent policy action, the region could face dangerously low foreign reserves and intensifying
CEMAC cuts 2025 growth forecast to 2.4% as oil output falls
Oil production expected to shrink 2.7% across region Foreign reserves and budget balances under mounting strain YAOUNDÉ, CAMEROON – The Central African Economic and Monetary Community (CEMAC) has slashed its 2025 growth forecast to 2.4%, down from 2.9% projected in March, citing a sharper-than-expected decline in oil production and a worsening global outlook.