News Democratic Republic Congo Ituri: Congo Finance Minister Steps In to Halt Depreciation of Franc
(Bloomberg) -- The Democratic Republic of Congo’s government will reduce its cash expenditure and encourage tax payments in francs instead of US dollars in an effort to halt the decline of the nation’s currency, Finance Minister Nicolas Kazadi said.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Sinks as Musk Warns of More
News Democratic Republic Congo Ituri: Trafigura’s $600 Million Cobalt Play Faces Cash Crunch in Congo
(Bloomberg) -- Trafigura Group has been forced to seek new funding for one of its flagship investments — a $600 million copper-cobalt project in the Democratic Republic of Congo — in the latest headache for the trading house’s embattled metals business. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Bor
News Democratic Republic Congo Ituri: Congo-Kinshasa: Sexual Violence Plagues Women Displaced By DR Congo's M23 Conflict
Women escaping the M23 conflict in eastern Democratic Republic of the Congo and seeking safety in mushrooming displacement camps are at risk from rape and sexual assault as an underfunded humanitarian ...
News Democratic Republic Congo Ituri: Democratic Republic of Congo becomes Africa’s unexpected success story
The Democratic Republic of Congo has been one of the leading economies of Sub-Saharan ... (USAID), visited the site of the future dam in 2013 with Ponyo and pledged financial aid to help develop the ...
News Democratic Republic Congo Ituri: Congo's Gecamines aims to get germanium out of new plant from October
Gecamines aims to produce 30 metric tons of germanium a year at a plant which is nearing completion in the Democratic Republic of Congo, the state-owned copper and cobalt producer said on Thursday.
News Democratic Republic Congo Ituri: Protecting Congo's Forests: New Timber Parks Will Help Fight Illegal Logging
The Democratic Republic of Congo (DRC) joined the East African Community in 2022. This will offer the country, which has immense natural wealth , a ...
News Democratic Republic Congo Ituri: Conflict in the Democratic Republic of Congo
Conflict in the Democratic Republic of Congo (DRC; the Congo) has been ongoing since the 1990s. The country has faced political repression and instability since it achieved independence in 1960.
News Democratic Republic Congo Ituri: Uganda sends more troops to pursue attackers who killed 37 students
By Elias Biryabarema KAMPALA (Reuters) - Uganda's President Yoweri Museveni on Sunday ordered more troops to western Uganda where attackers from a group with links to Islamic State killed at least 37 secondary school students. Members of the rebel Allied Democratic Forces (ADF) killed the students late on Friday at Lhubirira Secondary School in Mpondwe, near the border with the Democratic
News Democratic Republic Congo Ituri: Congo leader to visit China this week, minerals trade deal signing expected
BEIJING (Reuters) -The president of minerals-rich Democratic Republic of Congo, Felix Tshisekedi, will visit China from May 24 to 29 and is expected to meet President Xi Jinping to review and sign several key trade deals. A meeting would pave the way for the two countries to formally overhaul and seal a $6 billion infrastructure-for-minerals deal with Chinese investors. The visit was announced by
News Democratic Republic Congo Ituri: Congo flood survivors mourn lost relatives as death toll rises above 400
Dead bodies were still being recovered on Monday from two villages in eastern Democratic Republic of Congo where floods killed more than 400 people last week in one of the country's deadliest disasters in recent history.
News Democratic Republic Congo Ituri: Rainforest nations seek easier access to UN carbon credit scheme
By Ahmed Eljechtimi RABAT (Reuters) - Countries that are home to rainforest and peatland vital to limiting climate change want easier access to sovereign carbon credits, a financial scheme to reward them for preserving their ecosystems, Congo Republic's environment minister told Reuters. Slightly bigger than Italy, Congo Republic shares with the much bigger and much more populated Democratic
News Democratic Republic Congo Ituri: DR Congo Exposes Tens of Thousands of Ghost Workers Across Government Ministries
Auditors in the Democratic Republic of the Congo have uncovered a massive public payroll fraud, involving tens of thousands of ghost workers across government ministries, costing the public purse over ...
News Democratic Republic Congo Ituri: DR Congo seal men's and women's wheelchair basketball places at African Para Games
Host nation the Democratic Republic of Congo triumphed at the men's International Wheelchair Basketball Federation Africa 2023 Central Zone African Para Games Qualifier in Kinshasa to seal a place at the main tournament in Ghana's capital Accra.
News Democratic Republic Congo Ituri: Relief as Chinese firm reaches royalty deal on Congo cobalt mine, but stockpile sparks price fears
Chinese mining giant CMOC Group has resolved a royalty payments dispute with a major miner in the Democratic Republic of the Congo, successfully negotiating the complex political environment in the central African country. Shares in CMOC, which is listed on both the Hong Kong and Shanghai stock exchanges, surged on the news that it had settled the 10-month dispute with state-owned Gecamines over royalties from its giant Tenke Fungurume copper and cobalt mine. But the deal is also expected to fre
News Democratic Republic Congo Ituri: Head of regional force tackling east Congo violence resigns
GOMA (Reuters) - The Kenyan commander of a regional force set up to tackle militia violence in eastern Democratic Republic of Congo said he had resigned due to obstruction and threats to his safety, adding to doubts over whether the mission can be effective. The seven countries of the East African Community (EAC) set up the EACRF military force last April to try to end bloodshed linked to decades
News Democratic Republic Congo Ituri: Canada's Trudeau suggests China uses slave labor in lithium production
By Doina Chiacu WASHINGTON (Reuters) -Canadian Prime Minister Justin Trudeau on Friday suggested that China uses slave labor in the production of lithium as he discussed Canada's efforts to ramp up production of the critical metal used in electric vehicle and other batteries. Canada last fall announced a tougher policy on critical mineral investment - particularly from dominant producer China -
News Democratic Republic Congo Ituri: The Democratic Republic of Congo is auditing mining deals skewed towards China
The Democratic Republic of Congo (DRC) is pushing for an audit of ... with “certain partners such as the Chinese contract.” Finance minister Nicholas Kazadi has alleged that these contracts ...
News Democratic Republic Congo Ituri: Congo commission recommends terminating 30 forest concessions
KINSHASA (Reuters) - A ministerial commission in the Democratic Republic of Congo has recommended terminating 30 forest concessions due to alleged irregularities, it said in a preliminary report published on Tuesday. Congo is home to 60% of the world's second-largest rainforest, making it a key player in the fight against climate change. It has been under pressure to improve forest management and
