Via Bloomberg, a report on renewed efforts to revive the world’s biggest power project in the Democratic Republic of Congo: Banks are in talks over how to fund Congo’s Grand Inga Grand Inga could produce 40 gigawatts if fully developed Five development finance institutions have banded together to find a way to develop the world’s […]
Read more »Via Bloomberg, a report on how conflict in the DRC is threatening mining of key metals: Main mine for world’s coltan ‘ineligible for trade’ due to war ‘Serious risk’ region’s metal supply contaminated by conflict Companies buying metal sourced from central Africa could be exposing themselves to United Nations sanctions for supporting war in eastern […]
Read more »Via The Africa Report, an article on the DRC’s economic potential: Despite inflationary pressures and the weak Congolese franc, the DRC’s economy, driven by the extractive sector, shows one of the highest growth rates on the continent. Kinshasa has a brand new Convention and Financial Centre and its four gleaming skyscrapers are being touted as […]
Read more »Courtesy of The Financial Times, an article examining how US officials encouraged DRC’s state miner Gécamines to review its sale of a copper mine to a subsidiary of a Chinese defense company: The US has intervened in the sale of a Congolese copper mine to a Chinese arms manufacturer in an effort to prevent Beijing […]
Read more »Via Nikkei Asia, a look at the growing investment race for EV metals in Africa: Businesses from the U.S., Japan and Europe are moving to tap mineral reserves in Central Africa, using the latest technologies to locate critical electric vehicle materials, as China currently dominates development on the continent. The so-called Copperbelt spans across the […]
Read more »Via Sprudge, a look at efforts to expand the coffee industry in the Democratic Republic of Congo: The plight of the Democratic Republic of Congo (DRC) is widely known, from militia and rebel activities to human rights violations, gender-based violence, and other atrocities. The violence has resulted in six million deaths, seven million internally displaced […]
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