Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

DRC: CMOC Seeks Subcontractors to Handle Electrical Work in Kisanfu and Koni

DRC: CMOC Seeks Subcontractors to Handle Electrical Work in Kisanfu and Koni

On April 2, 2025, China Molybdenum Co. Ltd (CMOC) issued a tender call for electrical work in the localities of Kisanfu Gare and Koni, Lualaba province, Democratic Republic of Congo (DRC). The project involves constructing a 2.5 km 11 kV medium-voltage line, creating low-voltage networks, and installing a public lighting system. 

Interested companies must submit applications by April 7, including legal and financial compliance documentation and references for similar projects.

This initiative is part of the development of the Kisanfu mining project, which CMOC acquired in December 2020 for $550 million from Freeport-McMoRan. The Kisanfu deposit is notable for its significant copper and cobalt resources, which are crucial for electric vehicle battery production.

CMOC is a major player in subcontracting in the DRC. In 2024, it awarded over $985 million in contracts to local companies through its Tenke Fungurume and Kisanfu mines, accounting for nearly 50% of the total volume reported by the Autorité de régulation de la sous-traitance dans le secteur privé (ARSP).

Boaz Kabeya (intern)

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
kawtar-raji-asmex-the-drc-is-a-demanding-market-that-takes-time-to-build
The Moroccan Confederation of Exporters (ASMEX), which represents over 600 companies, recently concluded a high-level trade mission to Kinshasa from...
yannick-mbiya-a-15-year-insider-named-to-lead-trust-merchant-bank
Trust Merchant Bank (TMB), a subsidiary of Kenya’s KCB Group, has appointed Yannick Mbiya Ngandu as managing director, according to a statement released...
uba-appoints-michael-kayembe-as-ceo-of-dr-congo-subsidiary
UBA appointed Congolese banker Michael Kayembe as chief executive of its DR Congo subsidiary. The move followed UBA’s strategy to localize management...
alain-lubamba-says-drc-u-s-deal-represents-a-civilizational-opportunity
A strategic minerals partnership signed on December 4, 2025, moves into its operational phase. Alain Lubamba says the deal could help the DRC convert...

African Economies

MOST READ

Please publish modules in offcanvas position.