Browsing: mining in DRC

Floods SA

Why Africa must rethink insurance as climate change takes a toll

Money Deals
  • Last year, about 90 percent of climate change-related disaster losses in Africa were not insured.
  • Global insurance broker Gallagher Re says affordability of premiums, quality of data, and technical capacity is hindering insurance uptake.
  • DRC has appointed Gallagher Re to find ways to enhance the country’s  insurance penetration rate in mining industry.

Climate change has led to an increase in the frequency and intensity of extreme weather events such as droughts, and floods in many parts of Africa. These extreme weather events are resulting in significant damage to property, infrastructure, and livelihoods.

Flooding induced by climate change

Last year, for instance, at least 2,000 people died in Africa as a result of unprecedented flooding, which was partly induced by climate change. South Africa (Durban) and Nigeria were particularly hit hard following above-average rains in the year under focus.

Storm Issa, which is now regarded as one of the greatest storms …

The DRC has immense mineral resources and other investment opportunities, but they come with risks. www.theexchange.africa

Peace and Politics: Can Congo achieve economic stability?

Countries

In 2020 Democratic Republic of the Congo was placed as the 87th economy in the world in terms of GDP (current US$), number 70 in total exports, number 105 in total imports, number 187 economy in terms of GDP per capita and the number 123 most complex economy according to the Economic Complexity Index (ECI).

According to figures from the Observatory of Economic Complexity (OEC), a global data visualization tool for international trade, as of 2020, the top exports of the Democratic Republic of the Congo are refined copper, cobalt oxides and hydroxides, cobalt, raw copper, and copper ore, exporting mostly to China, Tanzania, United Arab Emirates, South Africa, and Singapore.

The top imports of the Democratic Republic of the Congo are documents of title (bonds etc.) and unused stamps, packaged medicaments, sulphur, refined petroleum, and poultry meat, imported mostly from China, the United States, Zambia, South Africa, and India.…

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Another year of high expectations but broken promises in the DRC. www.theexchange.africa

Another year for high expectations and broken promises in the DRC

Economic Growth
  • 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

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