Political uncertainty in DRC and Zambia alarms mining sector - sources

Concern is growing among metal market participants active in Africa, amid political uncertainty in the key copper and cobalt hubs of the Democratic Republic of Congo (DRC) and Zambia.

Relations between Moise Katumbi, the governor of Katanga, the DRC’s major mining province, and the country’s president, Joseph Kabila, have soured in recent weeks, sources said.
Katumbi has long been considered a key part of Kabila’s party, but he is understood not to be regional head of the ruling party any longer.
And according to a Reuters report, local police and intelligence chiefs have been summoned to the capital, Kinshasa, in an apparent attempt to limit the political fallout following Katumbi’s return to the country after a long absence owing to illness.
Last month, following his return to the country after a trip to the UK, where he received medical treatment, Katumbi made a speech that was considered by political observers to be an attack on Kabila’s leadership.

“Katumbi came back to the DRC and tried to challenge Kabila using football analogies,” one source active...

Published

Fleur Ritzema

January 08, 2015

13:55 GMT

London