Congo News
Can Cameroon sustain Central Africa’s recovery? Fiscal risks mount
Cameroon drives nearly two-thirds of CEMAC’s economic activity. Falling oil production, mounting debt and weak public investment threaten the region’s recovery. YAOUNDÉ, CAMEROON — Central Africa’s economy gained momentum in the second quarter, but growing fiscal pressures and declining oil production threaten to undermine the recovery.
Ivanhoe’s African mining surge faces a cash-flow test
Kamoa-Kakula copper output surges 19%, but inventories rise. Record zinc output and acid prices boost growth prospects. KINSHASA, DR CONGO — Ivanhoe Mines is accelerating copper and zinc production across Africa, but rising inventories and processing constraints threaten to undermine its improving operational performance.
Rome Resources raises £787,500 for Congo tin. Is it enough?
Rome raises £787,500 while seeking partners for its DRC tin assets. New shares increase Rome’s existing share count by about 5.9%. KINSHASA, DR CONGO – Rome Resources is raising just enough cash to prepare its next Congo drilling campaign while searching for partners to finance its growing tin portfolio.
Will Congo’s new tin targets deliver? Drilling holds answer
New tin zones point to potential expansion beyond Kalayi’s existing drilling footprint Investors await drilling and an updated resource estimate to test that promise KINSHASA, CONGO – Rome Resources has identified new tin targets at Kalayi, potentially expanding the scale of its exploration story in one of Africa’s most mineral-rich countries.
Why does oil-rich Central Africa pay 13.7% to borrow?
Central African sovereigns paid yields as high as 13.7% despite oil wealth. War-hit DR Congo borrowed more cheaply than its oil-exporting neighbours. LIBREVILLE, GABON – Central Africa’s oil exporters are paying some of emerging markets’ steepest borrowing costs, exposing weaknesses that resource wealth has failed to disguise.
Can BII’s $20m unlock Africa’s infrastructure investment future?
BII investment lifts Africa50 fund to $330m Capital targets energy, transport and digital infrastructure British International Investment (BII) has committed $20 million to the Africa50 Infrastructure Acceleration Fund, strengthening efforts to mobilise long-term capital for the infrastructure projects Africa urgently needs.
Can Alphamin Resources sustain Congo’s global tin boom?
Record profits strengthen Alphamin’s global tin market position. Rising costs and weaker ore threaten future supply. KINSHASA, CONGO – Record quarterly profits have cemented Alphamin Resources’ place in the global tin market, but rising costs and operational pressures are testing whether the momentum can endure.
Why is Congo becoming Visa’s global stablecoin testing ground?
Visa settles Congo mobile-money transactions using stablecoins Africa could become the proving ground for global digital payment infrastructure. KINSHASA, CONGO – Visa has begun settling mobile-money transactions in stablecoins in the Democratic Republic of Congo, signalling that Africa could become the testing ground for the payments giant’s global digital currency ambitions.
Can Ivanhoe turn Congo into copper’s new power centre?
Ivanhoe’s Congo copper output strengthens Africa’s market influence. Zinc, solar power and scale are reshaping mining risk. KINSHASA, DRC – Ivanhoe Mines’ Congo copper surge is turning quarterly production figures into a bigger test of Africa’s place in global mineral markets.