Fighting Drug addiction

 Here's the story: We sat down with a man who had a harrowing journey with addiction. He began by telling us about his early days in tertiary education, where he would occasionally smoke dagga with friends. However, his focus remained on his studies, and he worked hard to graduate and secure a qualification. After landing a job, he started building a life for himself. He got married, bought a property, and even splurged on a car. Life was good, and he felt like he was on top of the world. But one fateful night, while out with friends, he was introduced to heavier narcotics. At first, the experience was exhilarating. He described it as an elevation from the mild high of dagga to a level 5 high, where he felt invincible and euphoric. The effects would last for days, allowing him to party from Friday to Sunday without sleep. The problem, however, began to manifest on Mondays and Tuesdays every week, when the withdrawal symptoms would kick in, and he'd struggle to function at work....

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

 

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.

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".

View more

Comments

Popular posts from this blog

MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions

Car Hijackings in South Africa.

Which countries have the world’s largest coal reserves?