Browsing: 2023 DRC elections

Africa moving to increase mineral value addition with DRC looking to process cobalt for lithium batteries. Photo/GibbsFarm

 

Tanzanite is a precious stone said to be a thousand times rare than the rarest diamond. True to that claim, the tanzanite gemstone is mined in only one location in the world; a small area in Simanjiro District in Tanzania.

Given the scarcity of tanzanite you would expect that the single mining country, Tanzania would be stock rich, or at least earn the lion’s share of what the gem is valued.

This is not the case. In fact, the exact opposite is true. Tanzanite trade globally earns USD 500 million a year, but Tanzania’s export revenues are a paltry USD 20.75 million, or equivalent to 4.15 percent of the global export value!

Also Read: Tanzania: Small scale miners double in a year

The overwhelming question is why and more importantly how can the situation be resolved? how can Tanzania increase its earnings from its monopoly mining of tanzanite?

The

As of 8th April, 2022, the Democratic Republic of Congo (DRC) officially joined the East African Community (EAC) opening a slew of opportunities for both sides.

The Treaty of Accession was inked in Nairobi, Kenya overseeing by the then EAC Chairperson former Kenyan President Uhuru Kenyatta alongside several other Heads of State of the EAC and of course the President of DRC, H.E. Félix-Antoine Tshisekedi Tshilombo.

  • The East African Community has agreed to speed up Congo-Kinshasa’s ascension into the bloc
  • DR Congo will open a new 90 million strong market to the EAC
  • With input from the DR Congo, the East African Community will form a new mechanism to handle natural resource management

With the ascension, the DR Congo has up to the end of this month (29th September, 2022) to complete its internal constitutional processes to ratify the Treaty and submit to the EAC Secretary General. …

  • The DRC is facing one of the deadliest and longest-running civil war crises
  • The precariousness of the 2023 elections heightens uncertainty in the Democratic Republic of Congo
  • The DRC has over eighty million hectares of arable land and nearly four million hectares of irrigated land
  • The country has less than 600 millionaires, most of which have made their wealth by mining natural resources and raw materials

The population in the Democratic Republic of Congo (DRC) will see another year of high expectations and broken promises.

The DRC is facing one of the deadliest and longest-running civil war crises. The wars have been mainly built on land, resources, and power, significantly affecting the country’s economic status. DRC is the country that has the most displaced people totalling more than 5.5 million people.

According to the World Bank, DRC ranks the 11th poorest nation with a GNI per capita of $550 in…