DR Congo: Exim Bank India Finances DRC Solar

DR Congo: Exim Bank India Finances DRC Solar

The Indian Export-Import Bank (Exim Bank of India) granted $83.11 million to the government of the Democratic Republic of Congo to finance three solar power plants. The three solar power plants, with a combined capacity of 35 MW, will be located in the provinces of Karawa, Mbandaka and Lusambo. “With the signing of these three new lines of credit worth $83.11 million, the Exim Bank has, until then, set up 10 credit lines for the…

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Africa: Djeno discovery reported at TLP-103C well, offshore Congo

Africa: Djeno discovery reported at TLP-103C well, offshore Congo

Anglo African Oil & Gas has reported that the TLP-103C well at its Tilapia licence in the Republic of the Congo has intersected the targeted Djeno horizon and that hydrocarbons were encountered. 

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Africa Energy: South Africa to double power purchases from Congo hydro plant

Africa Energy: South Africa to double power purchases from Congo hydro plant

South Africa is mulling committing to doubling the amount of electricity it will buy from a proposed multibillion-dollar hydro power plant in the Democratic Republic of Congo.

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Africa Mining: Congo mining revenues jump 147% in first 9 months of 2018

Africa Mining: Congo mining revenues jump 147% in first 9 months of 2018

Democratic Republic of Congo collected $1.21 billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4 percent over the same period last year, finance ministry data showed, quoted by Reuters news agency.

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Africa Mining: Congo miners seek concessions in new code as arbitration on hold

Africa Mining: Congo miners seek concessions in new code as arbitration on hold

Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer.

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