Congo News
Is Africa becoming the new battleground for China and Asia’s minerals race?
Africa-China trade is booming again, but India, the Gulf and Europe are muscling in on critical minerals — rewriting risk, returns and leverage for investors. Africa’s trade with Asia is surging again – but this time, China is not the only game in town. Across the continent, a quiet reset is under way. Trade between China and Africa hit about
Qatar seals $500mn Ivanhoe Mines deal to secure Africa’s critical minerals
Qatar commits $500mn to Ivanhoe’s DRC expansion Deal strengthens global scramble for copper and energy-transition metals KINSHASA, CONGO – Ivanhoe Mines signs a memorandum of understanding with the Qatar Investment Authority (QIA), advancing a previously announced $500mn strategic investment that could reshape global access to the DR Congo’s critical minerals. The agreement was concluded during the state visit of
Can the DRC sustain global cobalt demand without deep structural reform?
Surging global cobalt demand is colliding with fragile supply chains, deadly artisanal mining conditions and mounting geopolitical risks centred on the Democratic Republic of Congo. KOLWEZI, DR CONGO– Rising demand for cobalt is projected to exceed 220,000 metric tons by 2026, driven by electric vehicles, AI hardware and grid-scale batteries. But more than 70% of the world’s cobalt comes from
DR Congo’s $50 million FX boost fails to shift deep dollarisation
Congo’s $50mn FX injection stabilises Franc but not prices Analysts warn measures remain symbolic amid deep dollarisation KINSHASA, CONGO – A $50 million injection from the Democratic Republic of Congo’s foreign reserves has given the franc a temporary lift, but analysts say the move has done little to address structural weaknesses. Price levels across key sectors remain anchored to
Barrick posts record $1.5bn free cash flow in Q3 2025
African copper and gold mines fuel Barrick’s record quarterly results Lumwana expansion set to make Zambia a global copper powerhouse Barrick Mining Corporation has reported record-breaking Q3 2025 results, with free cash flow of $1.5bn and operating cash flow of $2.4bn, marking a 274% and 82% increase respectively over the previous quarter. The surge was led by strong performances
Congo plans debt-for-nature swap after $670mn Eurobond comeback
Congo eyes debt-for-nature swap to ease debt and boost climate finance Move follows $670mn Eurobond return to markets after 18 years BRAZZAVILLE, CONGO – Congo is advancing plans for a debt-for-nature swap just weeks after returning to global bond markets for the first time in nearly two decades, aiming to ease debt burdens. Finance Minister Christian Yoko said Brazzaville
Mergers and acquisitions to reshape Africa’s oil and gas industry in 2026
African upstream M&A enters a rapid consolidation phase Licensing rounds in Africa open new strategic opportunities Africa’s upstream oil and gas industry is gearing up for a transformative year in 2026, with mergers and acquisitions (M&A) and a wave of licensing rounds reshaping its global relevance. According to the African Energy Chamber (AEC) “State of African Energy 2026 Outlook”
Congo returns to debt markets with $670mn bond after 20 years
Congo returns to global bond markets after nearly two decades $670mn Eurobond sale marks confidence in fiscal recovery. BRAZZAVILLE, CONGO – The Republic of Congo has re-entered international capital markets for the first time in almost 20 years, issuing $670 million in Eurobonds – a landmark deal that underscores the country’s fiscal recovery. The seven-year bonds, carrying a 9.875%
Ivanhoe Mines surges with $31mn profit and Congo smelter growth
Ivanhoe’s growth surges with $31m profit in Q3 Congo smelter to anchor Africa’s next copper boom Ivanhoe Mines posted a third-quarter profit of $31 million, driven by expanding operations in the Democratic Republic of Congo and South Africa. The Canadian miner recorded adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $87 million, showing resilience despite production setbacks