Your account has been succesfully created.

Subscribe now

DRC

Kinshasa seeks advisors on revising 'infrastructure for minerals' and other China deals

Felix Tshisekedi's inner circle, keen to renegotiate contracts signed with Beijing under ex-president Joseph Kabila, has consulted numerous law firms and advisory banks in what looks set to be a Herculean task. [...] (285 words)

Issue dated 14/06/2021 Reading time 2 minutes

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

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

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

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

Mining

Set up email notifications for these topics

DRC
Cleary Gottlieb
Félix Tshisekedi
Gécamines
International Monetary Fund
Jean-Claude Kabongo
Joseph Kabila
Mayer Brown
Nicolas Kazadi
Paris Club
Rothschild
Sicomines

Public debt has nearly doubled under Tshisekedi

The DRC's public debt has risen from $5.6bn to $10bn since Felix Tshisekedi came to power four years ago. The number of new projects has increased sharply, while budget arrears have continued to accomulate.

DRC Business 16/05/2022

Global Sovereign Advisory acts as sherpa for Tshisekedi in Washington

Global Sovereign Advisory, a small French boutique bank, is helping Kinshasa in its talks with the World Bank and the International Monetary Fund.

DRC Infrastructure Business 01/11/2021

Transport company SCTP, a social ticking time bomb

The future of SCTP, the public company that manages the port of Matadi among others, is a source of great concern to the DRC authorities.

The port of Matadi in the DRC is managed by the Société congolaise des transports et des ports (SCTP).

SOUTH AFRICA Mining 29/07/2021

Metorex wins battle against its ex-director of operations

Sacked in 2016 during a major restructuring of Metorex, a company owned by China's Jinchuan Group, its former director of operations Theunis de Bruyn had been seeking more substantial compensation from his ex-employer on the grounds that Chinese colleagues had been unfairly favoured for management posts.

CHINA DRC UNITED STATES Mining 25/06/2021

How Washington pushed Tshisekedi to renegotiate Kabila's China contracts

The president's plans to revise all the contracts the DRC has signed with China were largely inspired by the United States.

Congolese President Felix Tshisekedi (left) during a meeting with Mike Pompeo, the Trump administration's Secretary of State in Washington, on 3 March 2020.

DRC FRANCE Business 26/05/2021

Global Technologies chief holds quiet meeting with Tshisekedi in Paris

Congolese President Félix Tshisekedi met with Global Technologies CEO Jean-Paul Steinitz.

CEO Global Technologies Jean-Paul Steinitz.

DRC's President Felix Tshisekedi meets with visiting Chinese State Councilor and Foreign Minister Wang Yi in Kinshasa. © Gao Junya / Xinhua News Agency/Newscom/MaxPPP

Spotlight

DRC Infrastructure 05/05/2021

Tshisekedi seeks to renegotiate Kabila-era deals with China

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.

CHINA DRC Diplomacy 05/03/2021

Beijing beckons to Tshisekedi

Xi Jinping's regime has invited the Congolese head of state to visit Beijing later this spring to discuss economic cooperation between the two countries. The invitation comes as Washington, which has made a dramatic return to the DRC since the election of Felix Tshisekedi, is closely scrutinizing Chinese activity in the country.

On December 30, 2020, French President Emmanuel Macron took part in a videoconference bringing together his Chinese counterpart Xi Jinping and European representatives. © Sébastien Nogier/ Pool/EFE/Newscom/MaxPPP

Spotlight

AFRICA CHINA Politics 19/01/2021

Macron and Biden want to force China to play ball on African debt

Following the explosion in African countries' public debt caused by Covid, the European Union and the United States want to force China to take part in the collective rescheduling process organised by the G20 and the Paris Club.

DRC Infrastructure Mining 01/12/2020

Erik Prince wins key security contract from Chinese-Congolese joint venture Sicomines

Private security magnate Erik Prince's Frontier Services Group has just landed a major contract to protect the assets of Sicomines. The big Sino-Congolese mines-for-infrastructure joint venture is currently facing strong public criticism, as well as some perimeter security problems.

Erik Prince, head of Frontier Services Group.

DRC Mining 02/10/2020

Sicomines: the EITI aims to find out if the DRC is able to pay its debt to China

The Extractive Industries Transparency Initiative (EITI) will try to quickly discover if the mineral deposits mined by Sino-Congolese joint venture Sicomines are sufficent to enable the DRC to repay China's investment costs in the venture or if China should be given free access to other sites, as the agreement at the origin of the project provides.

A copper and cobalt mine operated by Sicomines in the DRC.

DRC 11/09/2019

Sicomines debts reach $2.56 billion

The DRC has run up debts to Beijing of $2.56

Set up email notifications for these topics

DRC
Cleary Gottlieb
Félix Tshisekedi
Gécamines
International Monetary Fund
Jean-Claude Kabongo
Joseph Kabila
Mayer Brown
Nicolas Kazadi
Paris Club
Rothschild
Sicomines

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!

Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

Kinshasa seeks advisors on revising 'infrastructure for minerals' and other China deals

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Public debt has nearly doubled under Tshisekedi

Global Sovereign Advisory acts as sherpa for Tshisekedi in Washington

Transport company SCTP, a social ticking time bomb

Metorex wins battle against its ex-director of operations

How Washington pushed Tshisekedi to renegotiate Kabila's China contracts

Global Technologies chief holds quiet meeting with Tshisekedi in Paris

Tshisekedi seeks to renegotiate Kabila-era deals with China

Beijing beckons to Tshisekedi

Macron and Biden want to force China to play ball on African debt

Erik Prince wins key security contract from Chinese-Congolese joint venture Sicomines

Sicomines: the EITI aims to find out if the DRC is able to pay its debt to China

Sicomines debts reach $2.56 billion

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes:

Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

William Ruto's new order

Africa in the Russia-Ukraine war

The Sahel threatened by a jihadist tornado

Kinshasa seeks advisors on revising 'infrastructure for minerals' and other China deals

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Public debt has nearly doubled under Tshisekedi

Global Sovereign Advisory acts as sherpa for Tshisekedi in Washington

Transport company SCTP, a social ticking time bomb

Metorex wins battle against its ex-director of operations

How Washington pushed Tshisekedi to renegotiate Kabila's China contracts

Global Technologies chief holds quiet meeting with Tshisekedi in Paris

Tshisekedi seeks to renegotiate Kabila-era deals with China

Beijing beckons to Tshisekedi

Macron and Biden want to force China to play ball on African debt

Erik Prince wins key security contract from Chinese-Congolese joint venture Sicomines

Sicomines: the EITI aims to find out if the DRC is able to pay its debt to China

Sicomines debts reach $2.56 billion

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: