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Published on 14 November 2017

Exclusive: The financial acrobatics of a government walking a tightrope

Congo-B Denis Sassou Nguesso is in a very precarious economic position.

Pending the decision of the International Monetary Fund (IMF), which is due to decide early next year whether it is willing to lend to a debt-ridden Congo-B, Denis Sassou-Nguesso has entrusted the oil trader Lucien Ebata with the urgent task of securing funds from abroad. In a desperate quest for financing, the trader has been sounding out numerous banks and investors in Europe as well as in Russia and the Persian Gulf. Lucien Ebata is surrounded by a shadowy group of unofficial advisers who are activating their networks in Europe and Asia in the hope of being rewarded for their efforts further down the line.

An exclusive investigation by the West African Newsletter and Africa Energy Intelligence into a state in the midst of financial turmoil.

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The failure of Prime Minister Clement Mouamba's mission to Beijing leaves the government no option but to swallow Washington's medicine. [...]

CONGO 14/11/2017

Lucien Ebata's special mission to bail out the Congo  Free

Parachuted in as a special adviser to the Congolese president on foreign funding (AEI 800 et WAN 759), Lucien Ebata [...]

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Former Benin president Boni Yayi comes to SNPC's rescue 

Former Benin president Thomas Boni Yayi.
Former Benin president Thomas Boni Yayi. ©Patrick Robert - Corbis

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SNPC won't be able to pay back advance funding 

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