Nigeria and several African countries hold deposits of lithium, cobalt, tin, and other minerals used in batteries, electric vehicles, and renewable energy technologies. The value of those precious metals is estimated at more than $700 billion in Africa’s most populous economy, and they are largely untapped. Yet much of the output is exported in raw
Following President Duma Boko’s visit to Angola last week, the Minister of Mines and Energy, Bogolo Kenewendo, revealed that Botswana has been offered a 30% stake in the Angolan petroleum refinery project. As tensions continue to escalate in the Middle East, with the Strait of Hormuz restricted, affecting fuel supply, Kenewendo informed Parliament today of
Angola Proposes 30% Stake to Botswana in a Refinery Project Read More »
On 13 March 2026, before members of parliament and senators, his colleague the Minister of State in charge of Social Affairs and National Solidarity and Co-Chair of the Supervisory and Monitoring Committee for the management of specialised bodies, members of the Court of Auditors and various guests, the Minister of Mines Louis Watum revealed his
0.3% Revenue Allocation: Louis Watum Reveals His Vision Read More »
February 2026 As global competition over critical minerals intensifies, the Democratic Republic of Congo (DRC) has emerged as one of the most strategically significant actors in the international minerals economy. Home to the world’s largest cobalt reserves, alongside substantial deposits of copper, lithium, manganese, iron ore, and rare earth elements, the DRC occupies a pivotal
The global metals and mining industry recorded one of its best financial performances of the last two decades last year, gaining 700 billion dollars in […] The cobalt is not the only transition mineral that the Pentagon is stockpiling. Graphite, another key component of energy storage systems, represents the most important recent demand from the
November 2025 The Congolese mining sector is tightening further with the application of legal obligations. It is no longer a secret that on 7 November 2025, the Minister of Mines, Mr Louis Watum Kabamba, proceeded with the withdrawal of seven mining titles belonging to various mining companies for non-payment of annual surface rights, one of
For Non-Payment of Surface Rights, Geocore and Regal Maniema Pay the Price Read More »
November 2025 The mining sector of the Democratic Republic of Congo (DRC) is a major pillar of the national economy, representing more or less 80% of budgetary revenues and nearly 50% of public revenues. According to a survey by the Extractive Industries Transparency Initiative (EITI) published in 2023, this sector also constitutes 99% of exports
November 2025 Kinshasa hosted on Tuesday 25 November, at the Pullman Chapiteau, a high-level Forum on the refinement and strengthening of the macroeconomic framework model through the inclusion of forecasts of budgetary revenues from the extractive sector. As a member of the high-level panel, the National Minister of Mines, Louis Watum Kabamba, spoke on “The
