The Impotance of Social Life.

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  As the sun set over the familiar neighborhoods, we as a group of friends gather at our favorite hangout spot, reminiscing about old times and sharing the current. We had been had grown up together, exploring the streets, sharing laughter, and supporting each other through thick and thin. Some of our friends are late. Over the years, we had gone or separate ways, chasing dreams and building careers. Some had moved to different cities, while others had stayed close to home. Despite the distance and varying degrees of success, our bond remained strong. On weekends as  we sat together, we couldn't help but notice the different stages of life we had each reached. Some are married with kids, while others were still pursuing their passions. Some have achieved great professional success, and others have taken  more unconventional paths. One of our friends,  had been always dreaming of starting her own business. He had taken the leap and is now running a successful startup....
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DRC: State-owned diamond company, MIBA, hopes to rebound

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news

DRC: State-owned diamond company, MIBA, hopes to rebound

Volume 90%
 
MIBA- the Bakwanga Mining Company remains a pale shadow of its former glory.  -  
Copyright © africanews
Photo captured from AFP video.
By Rédaction Africanews 

and AFP

DEMOCRATIC REPUBLIC OF CONGO

The city of Mbuji-Mayi, the capital of the Kasai-Oriental province in south-central DR Congo is once home to the country’s state diamond company, MIBA- the Bakwanga Mining Company.

Poor management, crumbling infrastructure, embezzlement and looting, especially during the two Great Congo Wars between 1997 and 2003, left MIBA crippled by debt and at the mercy of plummeting commodity prices.

The facility was closed at the height of the 2008 financial crisis.

From an annual output averaging six million carats, mainly of industrial diamonds, in the early 2000s, production was no more than 500,000 carats in 2008 and half that in 2011.

Despite a resumption of operations, a decade ago, the company is still a shadow of its former glory.

"Mining has resumed with a view to relaunching with the help of the government. Five million dollars, a payment that Gécamine gave to Miba. The mine is operational, exploitation is under way, but at a minimal level", said Raphael Mukadi Tshindundu, technical director of Miba.

That $5 million dollars was released in August last year by President Felix Tshisekedi, who hails from the Kasai region.

Managers of the facility say the inadequate capital injection was to help MIBA become profitable.

But buyers like Ilunga want to see much more from the government.

"If MIBA's activity had really resumed, we would have felt it, life would have resumed, money would flow. The government owes Miba a lot of money. It does not have the will to pay this debt. If they pay Miba, Kasai will be much better off", said Alphonse Ilunga, a diamond buyer.

Set up in 1961, MIBA is 80% state-owned, with a 20 % stake by a Belgian company.

A government audit published in May 2020 revealed "serious dysfunction".

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