Your account has been succesfully created.

Subscribe now

DRC

Tshisekedi's advisers split over response to $617m arbitration award

The arbitration ruling won by Dig Oil against the DRC has put the head of state's advisers at loggerheads. Felix Tshisekedi's inner circle are pressing him to seek a settlement with the South African oil company, while one of the country's legal advisers is pleading for an energetic legal counter-attack. The sum at stake is close to $617m. [...] (1184 words)

Issue dated 15/03/2021 Reading time 5 minutes

Félix Tshisekedi Tshilombo, President of the Democratic Republic of Congo. © Carsten Koall/dpa/picture-alliance/Newscom/MaxPPP

This article may be accessed by subscribers and e-wallet holders (USD 31)

2 options offered to continue reading

e-wallet

from EUR/USD 50

Only buy articles you are interested in

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Choose the option that suits you best: Compare all of our offers!

Do you want a free trial before subscribing?

Create your free account

Do you want a free trial before subscribing?

create a free account

Energy

Receive free prompts for these topics

DRC
Alexis Thambwe Mwamba
André Kalenga-Ka-Ngoyi
Bernard Takahishe Ngumbi
Bienvenu Fasso
Caprikat
Cnooc
Dan Gertler
Dig Oil
Félix Tshisekedi
Fortunat Biselele
Foxwhelp
International Chamber of Commerce
Joseph Kabila
Laurent-Désiré Kabila
Nicolas Kazadi
Philippe Chansay-Wilmotte
Sama Lukonde Kyenge
Sylvestre Ilunga Ilunkamba
Total
Union pour la démocratie et le progrès social

Pressure mounts on Tshisekedi not to challenge $619m Dig Oil ruling in court

Fellow Kasai natives in the president's entourage want him to negotiate directly with the South African oil company. [...]

DRC Finance Business 21/01/2022

Kinshasa orders Afriland to pay treasury millions levied on transporters

The DRC subsidiary of a Cameroonian bank stands accused of illicitly retaining fees that were supposed to finance rail network improvements. [...]

Focus

DRC Energy Politics 27/09/2021

The unseen hands at play in US ruling against DRC in Dig Oil award

Following a US court ruling, the DRC may see up to $619m of its US assets seized by oil junior Dig Oil. Africa Intelligence has had access to documents that reveal the determining behind-the-scenes role played by several Congolese ministers in this legal fiasco. [...]

DRC Business 22/07/2021

No let-up for Kinshasa as CapitalKeys continues to chase its $16.6 million

The US lobbying firm CapitalKeys is appealing against an unfavourable court ruling in its dispute with the DRC's central bank. [...]

DRC Energy 09/07/2021

Tshisekedi fights back against Dig Oil over $619m arbitration ruling

The president is expected to revoke the 2018 settlement with South African oil firm Dig Oil and go back to court. [...]

DRC Energy 10/05/2021

Dig Oil's compensation hopes rise with ministerial appointment of deal's signatories

The South African junior is eagerly awaiting validation of a financial agreement negotiated under the former government last year. Two of its signatories have in the meantime become ministers. [...]

Spotlight

DRC Energy 13/04/2021

New Finance Minister Nicolas Kazadi's ties with Dig Oil founder Nozi Mwamba

Dig Oil's founder managed to infiltrate the Congolese head of state's entourage and steer its negotiations with his company. [...]

Nicolas Kazadi, Tshisekedi's roving ambassador and negotiator of a possible settlement with Dig Oil. © Nicolas Kazadi/Facebook

Spotlight

DRC Energy 26/03/2021

Tshisekedi's advisors at loggerheads over secret Dig Oil deal as arbitration looms

Though some of the Congolese president's advisors are still pushing to counter the South African firm's arbitration award with another lawsuit, others would prefer Tshisekedi to accept a secret deal that comes with financial compensation. [...]

DRC Diplomacy 18/03/2021

WFP cleared of security lapses in Italian ambassador's murder

The ongoing internal inquiry ordered by the United Nations into the murder of Italy's ambassador to the DRC Luca Attanasio has arrived at some initial findings. [...]

DRC Politics 17/03/2021

Tshisekedi rejects PM's first cabinet picks

The formation of Sama Lukonde Kyenge new government could prove challenging for the Congolese presidency, which faces the delicate task of having to make room for all the different political parties that make up his 'sacred union'. [...]

Prime Minister Sama Lukonde Kyenge and President Felix Tshisekedi. © @Presidence_RDC/Twitter

DRC Business 17/03/2021

Gen John Numbi no longer finds favour with Rawbank

The DRC's main bank no longer wants the services of the security company owned by John Numbi, an ex-military officer who has been weakened by new revelations in the case of the murder of an activist and his driver in 2010. [...]

Retired General John Numbi in 2006. © Maurizio Gambarini/EPA/MaxPPP

Spotlight

DRC Energy 17/12/2020

Dig Oil comes up against unflappable state negotiators over $619m arbitration

The South African oil firm is beginning to believe the president's office is dragging its heels so it won't have to pay, while the state hopes to reach a compromise with the promise of a new permit. [...]

DRC Energy 30/09/2020

Dig Oil arbitration: Tshisekedi snubs US court

Congolese president Félix Tshisekedi's clan simply didn't respond to summons sent by a District of Columbia court as part of its dispute with South Africa's Dig Oil. [...]

DRC President Felix Tshisekedi keeps a close watch on the Dig Oil arbitration settlement. © U.S. Department of State/Public domain

Spotlight

DRC Energy 16/09/2020

Tshisekedi inner circle fragmented over handling of $619m Dig Oil arbitration

The sharing of power between the pro-Kabila clan and the various factions that support the new president has turned the handling of the Dig Oil file into a delicate juggling act for the Congolese state. [...]

DRC Energy 19/08/2020

$617m arbitration: Dig Oil uses upper edge to corner Tshisekedi

Threatened with a fine equal to 10% of the national budget, the Congolese president has little choice but to negotiate with Dig Oil even as Kinshasa looks for a last ditch attempt to annul the arbitral ruling in favour of the South African oil junior. [...]

President Felix Tshisekedi (left) has chosen his advisor Nicolas Kazadi to negotiate with South African junior Dig Oil. © Mwanacongo/CC BY-SA 4.0

Receive free prompts for these topics

DRC
Alexis Thambwe Mwamba
André Kalenga-Ka-Ngoyi
Bernard Takahishe Ngumbi
Bienvenu Fasso
Caprikat
Cnooc
Dan Gertler
Dig Oil
Félix Tshisekedi
Fortunat Biselele
Foxwhelp
International Chamber of Commerce
Joseph Kabila
Laurent-Désiré Kabila
Nicolas Kazadi
Philippe Chansay-Wilmotte
Sama Lukonde Kyenge
Sylvestre Ilunga Ilunkamba
Total
Union pour la démocratie et le progrès social

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Zelensky's Sudan connection - how Ukraine armed itself in Khartoum

Inside Sudan's labyrinthine military-industrial complex