South Africa's Recently Listed Budget Grocer Plans More Stores
The retailer will soon open a new distribution center in the country's eastern province of KwaZulu-Natal. This will fuel capacity for at least 200 new stores in the next five years, Chief Executive Officer Marek Masojada said Monday.
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Washington Post
an hour ago
- Washington Post
US announces sanctions against armed group and companies profiting from conflict minerals in Congo
DAKAR, Senegal — The U.S. government on Tuesday sanctioned an armed group accused of illicit trading in minerals in eastern Congo as Washington tries to spearhead peace efforts there while pushing for U.S. access to the region's minerals. A senior U.S. government official said the state and treasury departments are sanctioning the CODECO armed group, which controlled the key coltan mining site of Rubaya from 2022 to early 2024. 'During this period, CODECO generated revenue by overseeing mining operations, collecting illegal fees and taxes for miners and engaging in mineral smuggling. It also imposed forced labor and executed civilians in mining areas under its control,' the official said. The U.S. is also sanctioning the Congolese mining company CDMC, saying it sold minerals that were sourced and smuggled from mines near Rubaya, and two Hong Kong exporters, East Rise and Star Dragon, that purchased minerals from the mining area. The State Department said it is freezing the assets of the armed group and companies in the U.S. or under U.S. control and banning all transactions with them. Rubaya is currently under control of the M23 rebel group, which is already targeted by U.S. sanctions. The mining site lies in the heart of eastern Congo , a mineral-rich part of the Central African nation, which for decades has been ripped apart by violence from government forces and different armed groups, including the Rwanda-backed M23, whose recent resurgence has escalated the conflict, worsening an already acute humanitarian crisis . In June, Congo and Rwanda signed a peace deal facilitated by the U.S. to help end the conflict while helping the U.S. government and American companies gain access to critical minerals in the region. Congo and the M23 rebels have also agreed to sign a permanent peace deal by Aug. 18 but renewed fighting has threatened this effort. On Tuesday, Congo and M23 both accused each other of violating the agreement by attacking the others forces. ___ Kamale reported from Kinshasa, Congo. Kabumba reported from Goma, Congo. Associated Press writer Matthew Lee in D.C. contributed to this report.
Associated Press
an hour ago
- Associated Press
US announces sanctions against armed group and companies profiting from conflict minerals in Congo
DAKAR, Senegal (AP) — The U.S. government on Tuesday sanctioned an armed group accused of illicit trading in minerals in eastern Congo as Washington tries to spearhead peace efforts there while pushing for U.S. access to the region's minerals. A senior U.S. government official said the state and treasury departments are sanctioning the CODECO armed group, which controlled the key coltan mining site of Rubaya from 2022 to early 2024. 'During this period, CODECO generated revenue by overseeing mining operations, collecting illegal fees and taxes for miners and engaging in mineral smuggling. It also imposed forced labor and executed civilians in mining areas under its control,' the official said. The U.S. is also sanctioning the Congolese mining company CDMC, saying it sold minerals that were sourced and smuggled from mines near Rubaya, and two Hong Kong exporters, East Rise and Star Dragon, that purchased minerals from the mining area. The State Department said it is freezing the assets of the armed group and companies in the U.S. or under U.S. control and banning all transactions with them. Rubaya is currently under control of the M23 rebel group, which is already targeted by U.S. sanctions. The mining site lies in the heart of eastern Congo, a mineral-rich part of the Central African nation, which for decades has been ripped apart by violence from government forces and different armed groups, including the Rwanda-backed M23, whose recent resurgence has escalated the conflict, worsening an already acute humanitarian crisis. In June, Congo and Rwanda signed a peace deal facilitated by the U.S. to help end the conflict while helping the U.S. government and American companies gain access to critical minerals in the region. Congo and the M23 rebels have also agreed to sign a permanent peace deal by Aug. 18 but renewed fighting has threatened this effort. On Tuesday, Congo and M23 both accused each other of violating the agreement by attacking the others forces. ___ Kamale reported from Kinshasa, Congo. Kabumba reported from Goma, Congo. Associated Press writer Matthew Lee in D.C. contributed to this report.
Bloomberg
an hour ago
- Bloomberg
US Sanctions Armed Group and Hong Kong Firms Over Congo Mining
The US sanctioned an armed group and two Hong Kong-based firms linked to violence and illegal mining in the Democratic Republic of the Congo, part of what officials said was an effort to combat exploitation of conflict minerals in the region. The Treasury Department 's Office of Foreign Assets Control imposed penalties on PARECO-FF, a successor movement to what it said was an armed group with a history of 'destabilizing activities in the DRC,' according to a statement. The group 'imposed forced labor and executed civilians in mining areas under its control,' the Treasury statement said.
