Tag: DRC
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Swiss giant Glencore to pay more than $150 million in fines and restitution in the DRC corruption case
[ Swiss courts ordered the commodity trading and mining company to pay the sum after a four-year investigation into a corruption case. Prosecutors accused Glencore of failing to take measures to prevent bribery of Congolese officials by a business partner in 2011 as the latter acquired minority stakes in two mining companies, the statement said.…
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Angola announces ceasefire deal between DR Congo and Rwanda
Angola on Tuesday announced a ceasefire agreement between the Democratic Republic of Congo (DRC) and Rwanda. The deal follows a meeting between the foreign ministers of Rwanda and DRC hosted by Angolan President Joao Lourenco at the presidential palace in the capital, Luanda. Kinshasa has long accused Kigali of backing M23 rebels fighting the army…
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The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations
The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations in the province also directed companies and operators to vacate the mining sites. Governor Jean-Jacques Purusi Sadiki stated that the suspension, effective until further notice, was due to “disorder caused by the mining operators,” though he did not provide additional…
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Dozens killed by suspected DR Congo rebels in spate of attacks
At least 35 civilians have been killed in a spate of attacks over the past week across the Democratic Republic of Congo’s troubled North Kivu province. Decades of fighting between armed groups over lucrative gold and mineral deposits has devastated the region, forcing millions from their homes. The Congolese government has not confirmed who was…
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Democratic Republic of #Congo (#DRC) ๐จ๐ฉ: “March 23 Movement” (#M23) reportedly captured the mining town of #Rubaya
Democratic Republic of #Congo (#DRC) ๐จ๐ฉ: “March 23 Movement” (#M23) reportedly captured the mining town of #Rubaya in #Masisi, North #Kivu. Seemingly the group also seized #Russian ๐ท๐บ AK-103 assault rifles, Type 3 AK-47 rifle and #Chinese ๐จ๐ณ Type 56-1 rifle from Congolese Army.
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Africa reportedly bears annual cost of $8.4 billion due to hospital infections
๐๐ฅ Whatโs even more important is that hundreds of thousands die due to infections acquired in hospitals, the media revealed, citing a joint research by the international non-governmental organization WaterAid and the World Bank. Clean water, better restrooms, and handwashing facilities could prevent at least half of the cases, according to the paper. Notably, pediatric…
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Top 10 African Countries Receiving Remittances: A Lifeline for Economies
Remittances, money sent back home by migrants living abroad, are a crucial financial lifeline for many African countries. These funds contribute significantly to household incomes, support families, and boost local economies. Here’s a look at the top 10 African nations receiving remittances from their diasporas: 1. Egypt: Topping the list, Egypt benefits tremendously from its…
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Tshisekedi appoints DR Congo’s first female PM
The president of the Democratic Republic of Congo, Fรฉlix Tshisekedi, has appointed a former minister as the country’s first ever female prime minister. Judith Suminwa Tuluka, a former planning minister, replaces Sama Lukonde who resigned in February. “I know that the task is great and the challenges are immense, but with the support of the…
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CMOC Group settles Congo mining dispute with $800m payment to Gรฉcamines
Chinese miner CMOC Group has agreed to make a settlement payment of $800m between 2023 and 2028 to Congoโs state-controlled mining company Gรฉcamines to end a dispute related to the Tenke Fungurume copper and cobalt mine in the Democratic Republic of Congo (DRC). Furthermore, CMOC will also pay at least $1.2bn (8.66bn yuan) in dividends…
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DR Congo overtakes Peru on copper output, still behind on exports
๐จ๐ฉ๐ต๐ช The Democratic Republic of the Congo overtook Peru as the world’s second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations show. Congo produced about 2.84 million tons of copper last year, the country’s central bank reported. Peru’s output was 2.76 million tons,…
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