Africa Top10 Business News

DRC’s Election Results

1. What the DRC’s Election Means for its Economy

The prospective change of administration may spur optimism among mining investors including Glencore Plc and Barrick Gold Corp. that they can reverse elements of a fiercely disputed new industry code that raised royalties and added taxes. The African country is the world’s main supplier of battery ingredient cobalt and a key source of minerals from copper to tantalum. That means miners, analysts and users of the metals — which range from carmakers to mobile-phone companies.

SOURCES: Bloomberg