Africa Business Emerging Markets Headlines International

Congo halts cobalt exports following glut

The Democratic Republic of the Congo said it will stop exporting cobalt for four months amid an oversupply in the global market. Since the beginning of the year, cobalt oversupply sent prices down by approximately 11.32%. DRC is the world’s largest cobalt producer with some two thirds of global reserves. Cobalt is a rare metal […]

Africa Community International

Uganda’s military operations in DRC have killed hundreds of IS-allied militants

More than 560 members of a rebel group linked to the Islamic State (IS) have been killed in the Democratic Republic of Congo (DRC) since December 2021 in operations conducted by Uganda’s military, Uganda’s President Yoweri Museveni has said, as local authorities in DRC have reported scores of dead and injured following an attack on […]

Africa Americas International

Congo’s president and Blinken discuss escalating tensions with Rwanda

US Secretary of State Antony Blinken who arrived in the Democratic Republic of Congo on Tuesday (9 August), is expected to raise concerns about tensions with neighboring Rwanda that could spread instability in the region and also about Russia and China’s access to rare earth minerals in the central-west Africa country. Blinken’s trip to Congo […]