Gecamines

DRC
IMF remains cautious ahead of polls

Following the visit to Kinshasa in mid-September by a technical mission under the Extended Credit Facility agreement, the IMF expressed concern at an increase in spending in the run-up to the forthcoming elections.

Central Africa
Beveraggi gains upper hand over Katumbi in NB Mining Africa dispute

The mining services firm remains at the heart of a protracted legal dispute between the French entrepreneur and the former governor of Katanga. The battle has recently swung in Beveraggi's favour and he is now recovering funds from Ecobank and Gécamines.

DRC
China's MMG Kinsevere launches arbitration against Gécamines

China Minmetals' DR Congo subsidiary MMG Kinsevere has launched an arbitration procedure in Paris against its partner, Gécamines. It wants $145m from the state-owned company, which it claims is blocking the expansion of its Kinsevere mine.

DRC
Kinshasa hones Sicomines strategy ahead of talks with Chinese partner

President Felix Tshisekedi has asked his ministers and advisers to set out the key requests the government will take to the Chinese part of Sicomines. The two sides need to meet to negotiate a 'review' of its mining convention.

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.

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.

DRC
Kinshasa blocks Sicomines imports to force contract review

The state auditor is stepping up pressure on the miner owned by China and DRC in the hope of forcing the initial 2008 deal between Kinshasa and Beijing to be renegotiated.

The New Guard
Guinea, Ethiopia, Togo, South Africa

Every Wednesday, Africa Intelligence spotlights the next generation of movers and shakers in business and politics.

Guinea Louis Camara, a miner taking on the oil sector

Ethiopia Brook Taye, Addis's economic eminence grise

Togo Karl Lawson, cyber events guru

South Africa Philani Mthembu, batting for BRICS

DRC
Alphonse Kaputo to honour Gécamines redundancy and pension obligations

The boss of the state-owned mining company is looking to pay out monies owing to former staff who have either been laid off or have retired, as well as to the spouses of workers who are now deceased.