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DRC
Kinshasa out to save Primera Gold

In financial difficulty since the departure of its Emirati partner, the state-owned artisanal gold producer is to receive a capital injection of $25m from the Mining Fund for Future Generations. [...]

Published on 25/10/2024 at 05:40 GMT Reading time 2 minutes

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Commodity traders

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DRC
Anthony Nkinzo Kamole
Felix Tshisekedi
Joseph Kabila
Kizito Kapinga Mulume
Mining Fund for Future Generations
Primera Gold

Inner circles | DRC
Anthony Nkinzo, the discreet but powerful technocrat heading Tshisekedi's private office

The president's new chief of staff may lack political clout, but he has a strong business background and enjoys support from powerful government figures. During Tshisekedi's first term, the leadership of his private office was deemed erratic, and he is keen to buck that trend.

Subscribers only Politics 11.10.2024

Spotlight | DRC
Tshisekedi's South Kivu gold headache

Primera Gold has a monopoly on the trade and export of artisanal gold from the eastern province thanks to a partnership between the DRC and UAE. But it has not been able to stem the flow of illicit gold to neighbouring countries.

Subscribers only Mining, Commodity traders 19.01.2024

The President of the Democratic Republic of Congo Felix Tshisekedi with his Emirati counterpart Mohamed bin Zayed al-Nahyan in Abu Dhabi on 24 January 2023.

Spotlight | DRC
Kinshasa turns to the mining companies for fresh funds

As it struggles to balance its books despite record revenues last year, Kinshasa is looking to the mining sector to help it improve its finances. The government is using every means at its disposal, including a tax on exceptional profits and an increase in Chinese companies' royalty payments.

Subscribers only Mining 21.06.2023

President of the DRC Felix Tshisekedi, 4 February 2023.

Spotlight | DRC
MbZ and Tshisekedi finalise arms and mines deals

Kinshasa and Abu Dhabi are secretly finalising an unprecedented deal that would include major mining projects and may also have a military component.

Subscribers only Defence, Mining, Diplomacy 02.05.2023

UAE President Mohamed bin Zayed al-Nahyan with RDC's president Felix Tshisekedi in Abu Dhabi, on 19 January 2023.

Spotlight | DRC
Abu Dhabi's grand gold and coltan designs in the DRC

Felix Tshisekedi's private office is radically overhauling the Congolese mining sector while putting the finishing touches to an unprecedented partnership with the United Arab Emirates, which has expressed an interest in a dozen mining permits.

Subscribers only Mining 06.04.2023

United Arab Emirates President Mohammed bin Zayed and his Congolese counterpart Felix Tshisekedi.

DRC
Albert Yuma's young guard take helm of DRC's Gécamines

The state miner's new chairman and general managers appointed by Kinshasa to give Gécamines a new lease of life were all in the good books of the firm's all-powerful former boss Albert Yuma Mulimbi. They also each worked at one time for private mining firms operating in DRC, such as AngloGold and Glencore.

Subscribers only Mining 08.03.2023

DRC
Public debt has nearly doubled under Tshisekedi

The DRC's public debt has risen from $5.6bn to $10bn since Felix Tshisekedi came to power four years ago. The number of new projects has increased sharply, while budget arrears have continued to accomulate.

Subscribers only Finance 20.02.2023

Inner circles | DRC
Gécamines boss Kaputo Kalubi stymied by political interference

The close political and financial scrutiny of the DRC's state-owned mining firm is hobbling its efforts to develop Katanga's natural resources, and its new management team has been unable to carry out the necessary restructuring.

Subscribers only Mining 02.12.2022

Gécamines headquarters in Lubumbashi, Democratic Republic of Congo, on the 16th January 2021.

Spotlight | DRC
President Felix Tshisekedi's mining in-crowd

While he continues to wrestle with his predecessor Joseph Kabila over the composition of his cabinet, Congolese president Felix Tshisekedi has surrounded himself with a team of mining advisors. Either already working for the president or on a more informal [.

Subscribers only 02.07.2019

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DRC
Anthony Nkinzo Kamole
Felix Tshisekedi
Joseph Kabila
Kizito Kapinga Mulume
Mining Fund for Future Generations
Primera Gold

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DRC
Kinshasa out to save Primera Gold

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Set up email notifications for these topics

Inner circles | DRC
Anthony Nkinzo, the discreet but powerful technocrat heading Tshisekedi's private office

Spotlight | DRC
Tshisekedi's South Kivu gold headache

Spotlight | DRC
Kinshasa turns to the mining companies for fresh funds

Spotlight | DRC
MbZ and Tshisekedi finalise arms and mines deals

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Abu Dhabi's grand gold and coltan designs in the DRC

DRC
Albert Yuma's young guard take helm of DRC's Gécamines

DRC
Public debt has nearly doubled under Tshisekedi

Inner circles | DRC
Gécamines boss Kaputo Kalubi stymied by political interference

Spotlight | DRC
President Felix Tshisekedi's mining in-crowd

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About Africa Intelligence

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Indigo Publications' websites

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Indigo Publications' websites

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DRC Kinshasa out to save Primera Gold

This article may be accessed by subscribers

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Set up email notifications for these topics

Inner circles | DRC Anthony Nkinzo, the discreet but powerful technocrat heading Tshisekedi's private office

Spotlight | DRC Tshisekedi's South Kivu gold headache

Spotlight | DRC Kinshasa turns to the mining companies for fresh funds

Spotlight | DRC MbZ and Tshisekedi finalise arms and mines deals

Spotlight | DRC Abu Dhabi's grand gold and coltan designs in the DRC

DRC Albert Yuma's young guard take helm of DRC's Gécamines

DRC Public debt has nearly doubled under Tshisekedi

Inner circles | DRC Gécamines boss Kaputo Kalubi stymied by political interference

Spotlight | DRC President Felix Tshisekedi's mining in-crowd

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

DRC
Kinshasa out to save Primera Gold

Inner circles | DRC
Anthony Nkinzo, the discreet but powerful technocrat heading Tshisekedi's private office

Spotlight | DRC
Tshisekedi's South Kivu gold headache

Spotlight | DRC
Kinshasa turns to the mining companies for fresh funds

Spotlight | DRC
MbZ and Tshisekedi finalise arms and mines deals

Spotlight | DRC
Abu Dhabi's grand gold and coltan designs in the DRC

DRC
Albert Yuma's young guard take helm of DRC's Gécamines

DRC
Public debt has nearly doubled under Tshisekedi

Inner circles | DRC
Gécamines boss Kaputo Kalubi stymied by political interference

Spotlight | DRC
President Felix Tshisekedi's mining in-crowd