Congo News
Is China’s grip on Africa’s mining sector beginning to loosen?
Global investors intensify competition for African minerals China remains dominant but no longer uncontested China remains Africa’s largest strategic mining partner, but its once unrivalled position is increasingly being challenged as Western governments, Australian explorers and Gulf investors intensify their race for the continent’s critical minerals.
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Kipushi enters ranks of world’s largest zinc producers Record output strengthens Africa’s commodity market influence KINSHASA, CONGO – A record month at Ivanhoe Mines’ Kipushi operation is doing more than boosting zinc production. It is raising a bigger question about whether Africa is finally gaining greater influence over global commodity markets.
Can Congo finally keep its diamond wealth at home and create value?
Congo launches diamond beneficiation joint venture. Project tests Africa’s industrialisation ambitions. KINSHASA, CONGO — The Democratic Republic of Congo has launched a new diamond-processing venture aimed at keeping more value from its vast mineral wealth at home, in a move that could reshape its role in the global diamond supply chain.
How Ebola fears could derail East Africa’s $350bn economic integration dream
Ebola outbreak raises fears for regional trade. Tourism and cross-border movement face growing risks. NAIROBI, KENYA — The resurgence of Ebola in the Democratic Republic of Congo (DRC) is sending fresh shockwaves through East Africa, raising concerns that a health crisis could evolve into an economic setback for one of Africa’s most integrated regional blocs.
Is Congo’s debt market revival masking Africa’s next sovereign risk crisis?
Congo raised $2.48bn in six months despite weak ratings Investors bet on gas revenues and debt refinancing strategy BRAZZAVILLE, REPUBLIC OF CONGO – The Republic of Congo has raised about $2.48bn on international capital markets within six months, defying weak sovereign credit ratings and persistent debt distress concerns as investors continue piling into high-yield African debt.
Why is Congo returning to the IMF after winning investors again?
Congo seeks IMF talks after major return to global debt markets Oil revenues now central to avoiding another painful debt restructuring BRAZZAVILLE, CONGO – Just months after returning to international capital markets for the first time in two decades, the Republic of Congo is once again turning to the International Monetary Fund, exposing the fragile foundations beneath its financial
Barrick’s gold, copper surge exposes Africa as battleground for mineral supremacy
Barrick’s profits surged on stronger gold and copper production. African mines emerge as strategic pillars in global commodity supply chains. JOHANNESBURG, SOUTH AFRICA — Barrick Mining’s strong first-quarter earnings have reinforced Africa’s growing importance in global mineral supply chains, even as geopolitical and regulatory risks continue shadowing the continent’s resource boom. The mining giant reported net earnings of $1.6bn
DR Congo’s lithium gamble exposes fragile governance behind America’s strategic mineral ambitions
AVZ arbitration pause deepens uncertainty over Manono lithium project US-DRC mineral alliance raises fresh concerns about investor protections KINSHASA, CONGO – A temporary suspension of a high-stakes international arbitration over one of the world’s largest lithium deposits is exposing the fragile intersection of mining, geopolitics and governance in the Democratic Republic of Congo. Australia-listed AVZ Minerals confirmed that its
Why DR Congo is taking in US deportees — and what Africa gains or risks
DR Congo to receive US deportees from third countries US to fund logistics amid rising migration crackdown KINSHASA, CONGO — The Democratic Republic of Congo has agreed to receive migrants deported from the United States who are not Congolese, marking a controversial expansion of Washington’s migration strategy. The arrangement, effective this month, positions DR Congo among a growing number