In negotiations with Kinshasa to set up in the DRC, the investment fund Arise is deliberating over the location and size of its two industrial and logistics platforms, one dedicated to wood processing and the other to agribusiness.
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.
Nuru (formely Kivu Green Energy), a DRC electricity company which is already active in North Kivu where it manages two solar mini-off-grids, has plans to expand in the area to raise its total output to 15.
Australian mining magnate Fortescue, which is scouring the continent for renewable energy projects, has its sights set on a large-scale hydrogen project in Djibouti.
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 London-based consultancy Adam Smith International (ASI) has opened an office in the DRC.
The Congolese government is trying to renegotiate contracts signed with Beijing during the long reign of former president Joseph Kabila. Some of their terms are now deemed contrary to the national interest.
Over a working lunch at the Elysée Palace on April 26, Congolese President Felix Tshisekedi discussed the possibility of a visit by Emmanuel Macron to the DRC.
Félix Tshisekedi wants key players in the Grand Inga project to work in sync, while his special infrastructure advisor rushes ahead with Australian firm Fortescue to develop the mega-dams.
Australian mining company Fortescue, backed by special advisor Alexy Kayembe, is Félix Tshisekedi's favourite for Grand Inga... for now. But two other advisors continue to make moves to take control of the colossal dam project.
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.