DRC’s state gold project targets 15 tons of artisanal gold with central bank backing.
DRC Gold Trading, the country’s state-owned gold trading entity, plans to boost the amount of artisanal gold it sells to 15 metric tons this year, with the country’s central bank expected to play a key role as a buyer. The initiative reflects Kinshasa’s growing push to channel gold from informal mining networks into official markets.
The company was established in December 2022 as a joint venture with the United Arab Emirates to bring more transparency to Congo’s gold sector, which has long been dominated by smuggling and informal trade.
In the past three years, the venture has acquired only about 10 tons of gold for trading, highlighting the scale of the challenge the government faces in formalizing the sector.
According to DRC Gold Trading CEO Joseph Kazibaziba, the company signed an agreement with the country’s central bank in February granting it priority access to the gold the firm collects .
The metal would help build Congo’s national reserves, with pricing expected to follow international benchmarks and national regulations.
Africa’s growing push to control gold resources
Congo’s strategy reflects a broader trend across Africa as governments seek greater control over their mineral wealth.
Several African countries, including Mali and Burkina Faso, have moved to increase state participation in gold mining and tighten oversight of exports in recent years, aiming to capture more value from the continent’s natural resources.
For Congo, which is already the world’s largest supplier of key battery metals such as cobalt, gold represents another significant untapped opportunity. The government took full ownership of DRC Gold Trading in 2024 to strengthen oversight of artisanal production and reduce illicit exports.
More than 45 foreign buyers have expressed interest in purchasing gold from the state trader, though authorities say building domestic reserves remains the priority.
Source: Africabusinessinsider