Congo: Rawbank raises $200 million to boost the mining sector.

At the Investing in African Mining Indaba Forum, the world's largest gathering of players in the mining sector, Rawbank announced that it had raised $200 million on the international market. This initiative is aimed at strengthening the mining sector value chain in the Democratic Republic of Congo (DRC), marking an unprecedented syndication operation in collaboration with two partner banks.

The funding is intended to support phase 3 of the Kamoa-Kakula copper complex, which aims to produce 600,000 tonnes of copper a year. This expansion also includes the generation of 178 megawatts of clean hydroelectric power, contributing to the national electricity grid. The complex will become the third largest copper site in the world, while being the lowest carbon emitter in the sector.

In 2023, Rawbank will remain the leading Congolese partner bank to the mining industry, a sector that accounts for 47% of the country's GDP and contributes 43% to the national budget.

With a strong commitment, Rawbank has already granted 1.2 billion dollars in credit to mining companies, whether they are processing or producing copper and cobalt.

Benefiting from the rise in commodity prices over the last five years, Rawbank's mining customer deposits have increased fivefold. This trend confirms the importance of the mining industry in the Congolese economy and Rawbank's central role in financing the sector.

With this historic fundraising, Rawbank is strengthening its commitment to sustainable development and the expansion of the mining sector in the DRC, while consolidating its position as the country's leading bank.