Mining

In DR Congo, mining and oil revenues soared over H1 2017

Tuesday, 12 September 2017 19:09

In the first half of 2017, mining in DR Congo has generated $295.3 million of revenues, up 9% compared to the year before, over the same period.  This was revealed by the minister of finances of the country cited by Reuters on Sept. 12, 2017. The official added that oil and gas revenues in the country soared 140% over the period.

At the end of August, the Central Bank of the country disclosed respective increases of 15% to 553,811 tones and 27% to 39,535 tons of its copper and cobalt outputs in H1 2017. These minerals are DR Congo’s two largest main sources of wealth as the country is their number one producer in Africa.

In DR Congo, the mining sector, combined with oil’s, generates 95% of the country’s export revenues.

Louis-Nino Kansoun

On the same topic
EcoGraf signed a cooperation agreement with the European Investment Bank (EIB) for technical assistance on its Epanko graphite project in...
BGFIBank is expanding its institutional presence in African mining finance, with a focus on the DRC and Ivory Coast. African banks, including AFG Bank,...
Flosell Limited plans Ghana’s first commercial-scale marine aquaculture project in partnership with Norwegian firms. The project will begin site...
SOLA reaches financial close on 300 MW Naos-1 project Hybrid plant to supply Sasol, Air Liquide via grid Operations targeted first half 2028,...
Most Read
01

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
02

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
03

MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...

MTN’s Talks to Buyout IHS: A Strategic Reversal That Could Reshape African Telecoms
04

Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...

Rwanda Mobilises Global, Local Finance for $2Bln Innovation City Targeting Africa’s Digital Economy
05

The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...

Togolese Fintech Semoa Wins Full-Service BCEAO License
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.