Breaking news published on 15/09/21 at 10 a.m. - A contract to develop six Grand Inga mega dams seems to be slipping out of the mining giant's hands. Founded by Australian billionaire Andrew Forrest, Fortescue Metals had pledged to invest $80bn.
The former British prime minister, whose Tony Blair Institute has been helping the DRC to develop its economic strategy, has warned President Tshisekedi against allowing the Australian giant Fortescue to be in sole charge of the development of the Grand Inga mega-dams.
Star attorney Pascal Agboyibor was abruptly fired by US law firm Orrick in 2019 amid allegations of rape and sexual harassment which are still being investigated by the Paris bar association. The Togolose lawyer, who denies the accusations, has quickly bounced back in DRC, where his own new firm has won lucrative government contracts.
The Emirati firm DP World wants an exclusive zone around the port they plan to build in Banana. Such a zone would prevent Australia's Fortescue from moving forward with their project. The Congolese authorities have asked the two companies to come to an agreement so that both projects can progress.
Executives from the Australian mining giant Fortescue have flown into the Congolese capital to discuss the modalities of a deal to generate a total 70 gigawatts of electricity in the country. Their trip comes as President Félix Tshisekedi prepares to choose between the various bidders for the Grand Inga project.
As well as being the DRC's ambassador to the business world, Felix Tshisekedi's influential special adviser is careful to take care of his own oil product trading interests. In this area, he relies on the close links he has forged with members of the Sassou Nguesso family.
President Tshisekedi has a team of nine special advisors he likes to call on. Playing on rivalries among the members of Joseph Kabila's Front Commun pour le Congo, some have taken charge of state matters even if that means encroaching on the portfolios of the ministers concerned.