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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. [...]

Published on 14/06/2021 at 05:00 GMT Reading time 2 minutes

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Mining

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

DRC
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.

Subscribers only Finance 20.02.2023

DRC
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.

Subscribers only Business 16.05.2022

DRC
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.

Subscribers only Infrastructure, Business 01.11.2021

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

South Africa
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.

Subscribers only Mining 29.07.2021

China, DRC, United States
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.

Subscribers only Mining 25.06.2021

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
Global Technologies chief holds quiet meeting with Tshisekedi in Paris

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

Subscribers only Business 26.05.2021

CEO Global Technologies Jean-Paul Steinitz.

Spotlight | DRC
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.

Subscribers only Infrastructure 05.05.2021

DRC's President Felix Tshisekedi meets with visiting Chinese State Councilor and Foreign Minister Wang Yi in Kinshasa.

China, DRC
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.

Subscribers only Diplomacy 05.03.2021

Spotlight | Africa, China
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.

Subscribers only Politics 19.01.2021

On December 30, 2020, French President Emmanuel Macron took part in a videoconference bringing together his Chinese counterpart Xi Jinping and European representatives.

DRC
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.

Subscribers only Infrastructure, Mining 01.12.2020

Erik Prince, head of Frontier Services Group.

DRC
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.

Subscribers only Mining 02.10.2020

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

Sicomines debts reach $2.56 billion

The DRC has run up debts to Beijing of $2.56 [...]

Subscribers only 11.09.2019

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

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

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DRC
Public debt has nearly doubled under Tshisekedi

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Global Sovereign Advisory acts as sherpa for Tshisekedi in Washington

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Transport company SCTP, a social ticking time bomb

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Tshisekedi seeks to renegotiate Kabila-era deals with China

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

Sicomines debts reach $2.56 billion

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Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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

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Set up email notifications for these topics

DRC Public debt has nearly doubled under Tshisekedi

DRC Global Sovereign Advisory acts as sherpa for Tshisekedi in Washington

DRC Transport company SCTP, a social ticking time bomb

South Africa Metorex wins battle against its ex-director of operations

China, DRC, United States How Washington pushed Tshisekedi to renegotiate Kabila's China contracts

DRC, France Global Technologies chief holds quiet meeting with Tshisekedi in Paris

Spotlight | DRC Tshisekedi seeks to renegotiate Kabila-era deals with China

China, DRC Beijing beckons to Tshisekedi

Spotlight | Africa, China Macron and Biden want to force China to play ball on African debt

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

DRC 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

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

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

DRC
Public debt has nearly doubled under Tshisekedi

DRC
Global Sovereign Advisory acts as sherpa for Tshisekedi in Washington

DRC
Transport company SCTP, a social ticking time bomb

South Africa
Metorex wins battle against its ex-director of operations

China, DRC, United States
How Washington pushed Tshisekedi to renegotiate Kabila's China contracts

DRC, France
Global Technologies chief holds quiet meeting with Tshisekedi in Paris

Spotlight | DRC
Tshisekedi seeks to renegotiate Kabila-era deals with China

China, DRC
Beijing beckons to Tshisekedi

Spotlight | Africa, China
Macron and Biden want to force China to play ball on African debt

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

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