KINSHASA, Democratic Republic of Congo — President Felix Tshisekedi of the Democratic Republic of Congo has directed a thorough 30-day audit of the nation’s mining export revenues, specifically targeting cobalt and copper exports. This action is in response to concerns over revenue leakage and the need for improved oversight of state mining assets, which have been marred by poor governance and opaque joint ventures.
The audit, set to commence immediately, aims to ensure that the DRC, a leading global supplier of cobalt and copper, as well as other minerals like lithium, gold, and coltan, maximizes the benefits from its rich mineral resources. Despite record production levels, the country has faced substantial revenue losses due to inadequate oversight and capital flight.
The audit will interconnect customs, port agencies, the Central Bank of Congo, and commercial banks to establish a transparent and traceable chain for all mineral transactions.
The preliminary findings are anticipated by June 15, 2026. This move is a critical step in addressing corruption and enhancing the DRC’s economic prospects. It is also seen as a move towards ‘monetary sovereignty’and aims to bolster foreign exchange reserves and fund national development.
The audit’s success hinges on the government’s commitment to implementing the findings and enacting necessary reforms.
The mining sector has the potential to be a major driver of economic growth and development for the DRC.
However, for this to materialize, the sector must be managed transparently and accountably, ensuring that the benefits of the country’s mineral wealth are equitably shared.
As the audit progresses, the government’s response and the impact of the findings on the mining sector and the broader economy of the DRC will be closely monitored.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Africanews
Source: Rédaction Africanews
