The DR Congo government has released its draft Finance Act for 2025, proposing a budget increase of 21%, totaling 49,847 billion Congolese francs (over $18 billion). The mining sector is expected to play a vital role in this growth.
The DRC government expects a 5.7% economic growth in 2024, mainly driven by a 5.3% increase in the mining sector. This forecast comes from the draft Finance Law for 2025, which also outlines anticipated mining revenues for next year.
While specific factors supporting mining growth in 2025 have not been detailed, industrial mining production is likely to rise, particularly due to the expansion of Kamoa-Kakula, the country’s largest copper mine. Its annual production capacity has increased to 600,000 tonnes of concentrate from the 400,000 tonnes planned for this year.
Copper production is expected to keep rising, solidifying the DRC's position as the world's second-largest copper producer. After exporting 2.8 million tonnes in 2023, production is projected to grow by 4.5% in 2024. Additionally, zinc production will increase in 2025 with the Kipushi mine now fully operational, boasting an annual capacity of 278,000 tonnes of zinc concentrate.
The Kibali gold mine, Africa's largest, will continue to make a significant contribution to the DRC's economy, with an annual production capacity exceeding 700,000 ounces. Cobalt production is also expected to play a key role in the mining sector's growth. In 2023, the country exported over 150,000 tonnes of copper.
Also, the government has issued a mining permit for the Manono lithium deposit this year. This could attract new investments as production is set to begin.
The 2025 Finance Bill projects mining revenues at 14.82 trillion Congolese francs ($5 billion), up 41% from earlier estimates. This growth is largely due to customs and excise revenues, expected to rise by 107.7% after the removal of exemptions on certain mining product exports. Tax and non-tax revenues are expected to grow by 16.8% and 42.4%, respectively. The Congolese government expects the mining sector to contribute about 30% to public revenues, which are projected to reach 49.8 trillion Congolese francs ($16.9 billion) in 2025. Bankable, a Congolese media outlet, noted that since 2018 mining revenues in the DRC have been increasing due to a new mining code. According to the IMF, from 2018 to 2022, mining revenues averaged $5.5 billion per year compared to $4 billion annually from 2013 to 2017.
Emiliano Tossou
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
IMF approves reviews, unlocking about $91 million for Niger Funds support macroeconomic stability, private-sector growth and climate...
Senegal, U.S. sign $135 million health system support deal Funding targets surveillance, labs, workforce training and digital health...
Orange Côte d’Ivoire hosts UN Global Compact network meeting Firms discuss CSR, sustainability standards and private sector collaboration Membership...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA training and partnerships aim to boost regional business...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...