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CONGO

Roger-Rigobert Andely reprises his role as debt-slayer

Once again, the new finance minister, beloved by lenders and international partners, is putting on his fireman's uniform for Denis Sassou Nguesso, at a time when IMF talks are on the rocks. Whether he can pull off his magic a second time, however, remains to be seen. [...] (501 words)

Issue dated 04/06/2021 Reading time 3 minutes

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Politics

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CONGO
AF-CAP
Anatole Collinet Makosso
ARMP
Bank of Central African States
Calixte Nganongo
Commisimpex
Denis Christel Sassou Nguesso
Denis Sassou Nguesso
FG Hemisphere Associates
Gilbert Ondongo
Glencore
International Monetary Fund
Ludovic Ngatsé
Mohsen Hojeijb
Parti Congolais du Travail
Rigobert Roger Andely
Sino-Congolese Bank for Africa
SNPC
Trafigura
Walker International
World Bank

Andely turns his attention to the debt of public sector companies Free

After having negotiated debt agreements with the Republic of the Congo's bilateral partners and trading groups, finance and budget minister Rigobert Roger Andely has turned his attention to state-owned companies. First in line will be the all-powerful Société Nationale des Pétroles du Congo, which has contracted debts totalling more than $2bn. [...]

Congolese Finance Minister Rigobert Roger Andely. © Ministry of Finance of Congo/Twitter

CONGO Business 01/10/2021

How Brazzaville blew $10 million on failed Boeing 787 purchase

Congo's struggling national airline ECAir lost millions trying to buy a Dreamliner aircraft from Boeing, and had been attempting a comeback after suspending its operations for the past five years. [...]

CONGO FRANCE Business 20/09/2021

French court approves sale of two Paris apartment blocks to repay Orange and Commisimpex

A court in Paris has rejected suspension applications from the government regarding the seizure of two apartment blocks owned by Congo in Paris and Vaucresson in the Parisian suburbs in 2016. [...]

CONGO Diplomacy 27/08/2021

Prime Minister Makosso, Sassou IV's champion in Paris

The Congolese prime minister has been in Paris since August 24, on what is his first international trip, where he has been heading a large delegation that has been meeting with French officials and the business community. [...]

DRC prime minister Anatole Collinet Makosso with the French minister of state for tourism Jean-Baptiste Lemoyne. © Twitter account Jean-Baptiste Lemoyne

Spotlight

CENTRAL AFRICA Diplomacy 18/08/2021

Equatorial Guinea turns to IMF as bankruptcy looms

Equatorial Guinea has become a matter of concern for the CEMAC, whose heads of state are gathering for an IMF summit in Yaoundé today. [...]

CONGO Politics 23/07/2021

Sassou recycles ex-economy minister and reduces Anderly's influence with new task force

The Congolese president recently set up a new task force to tackle "political, economic and social" issues in Brazzaville. Headed by the former minister of the economy, it may however find itself in conflict with the team of the new finance minister. [...]

Gilbert Ondongo, former minister of the economy, head of the new task force. © Abaca Press

CONGO Diplomacy 08/07/2021

IMF's Congo summer

On 8 July, International Monetary Fund (IMF) executive director for Congo Aivo Handriatiana Andrianarivelo, will end a 6-day trip to Brazzaville, only days before the institution launches a remote mission for Congo from 14 to 21 July. [...]

CONGO Diplomacy 22/06/2021

New PM Anatole Collinet Makosso might visit Paris on first foreign trip

Appointed prime minister on 12 May Anatole Collinet Makosso is considering going to Paris in the coming weeks. [...]

Prime minister of Congo, Anatole Collinet Makosso. © Twitter/@PrimatureCongoB

CONGO Politics 17/06/2021

New budget minister Andely picks task force to improve IMF relations

The newly appointed Congolese budget minister Roger-Rigobert Andely has named a select group to reopen communication channels with the IMF and negotiate the disbursement of the second tranche of a loan programme that has been blocked for the past year. [...]

The Congolese Minister of Finance, Roger-Rigobert Andely. © Congoles Ministry of Finance

CONGO Diplomacy 08/06/2021

Receive free prompts for these topics

CONGO
AF-CAP
Anatole Collinet Makosso
ARMP
Bank of Central African States
Calixte Nganongo
Commisimpex
Denis Christel Sassou Nguesso
Denis Sassou Nguesso
FG Hemisphere Associates
Gilbert Ondongo
Glencore
International Monetary Fund
Ludovic Ngatsé
Mohsen Hojeijb
Parti Congolais du Travail
Rigobert Roger Andely
Sino-Congolese Bank for Africa
SNPC
Trafigura
Walker International
World Bank

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