Kinshasa orders Afriland to pay treasury millions levied on transporters
The DRC subsidiary of a Cameroonian bank stands accused of illicitly retaining fees that were supposed to finance rail network improvements.
With a war chest of a billion dollars, Abu Dhabi Ports is hunting for projects in Africa in a bid to match its arch-rival DP World. Backed by the emirate's highest authorities, the parastatal, which in less than two years has gone from sub-regional player to global giant, is nevertheless struggling to build a proper African empire.
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.