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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. [...]

Published on 20/02/2023 at 05:00 GMT Reading time 2 minutes

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Finance

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DRC
Conseil Presidentiel de Veille Strategique
DGDP
Exim Bank of China
Felix Tshisekedi
Gecamines
International Development Association
International Monetary Fund
Joseph Kabila
MIBA
Nicolas Kazadi
Societe Nationale d'Electricite
Societe Nationale des Hydrocarbures

DRC
Kinshasa out to save Primera Gold

In financial difficulty since the departure of its Emirati partner, the state-owned artisanal gold producer is to receive a capital injection of $25m from the Mining Fund for Future Generations.

Subscribers only Commodity traders 25.10.2024

DRC
IMF remains cautious ahead of polls

Following the visit to Kinshasa in mid-September by a technical mission under the Extended Credit Facility agreement, the IMF expressed concern at an increase in spending in the run-up to the forthcoming elections.

Subscribers only Finance 26.09.2023

Spotlight | Angola, DRC
Kinshasa still soft-pedalling on contentious oil blocks run by Angola despite $78bn loss

Angola has benefited enormously from oil blocks located partly in a maritime zone to which Kinshasa could lay claim, according to a confidential report financed by the World Bank and submitted to President Félix Tshisekedi's office.

Subscribers only Energy 22.03.2023

President of Democratic Republic of the Congo, Felix Tshisekedi, with President of Angola, Joao Lourenco, the 5th of February 2019.

DRC
M23 rebels force massive rise in DRC military spending

The resurgence of M23 rebels is costing the DR Congo army a fortune in military expenditure. But despite the massive increase in funding - from $459m in 2021, to $700m in 2022 - the Congolese army is failing to subdue the insurgents.

Subscribers only Defence, Finance 14.02.2023

DRC
IMF prepares fourth review of credit programme with Kinshasa

The IMF is due to send a team to Kinshasa in the next few days to plan the continuation of its Extended Credit Facility arrangement with the DR Congo.

Subscribers only Finance, Diplomacy 07.02.2023

DRC
$15m luxury cars contract for DRC's embassies awarded to finance minister Kazadi's brother

DR Congo's foreign affairs minister Christophe Lutundula signed a contract in December 2021 for the delivery of 167 vehicles to embassies around the world. The deal was awarded to Sada Motors, a company in which the finance minister's brother Nicola Kazadi is a minority shareholder.

Subscribers only Business, Diplomacy 12.12.2022

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.

Subscribers only Mining 14.06.2021

DRC
Zoé Kabila aspires to transform Tanganyika into the new Haut-Katanga

Zoé Kabila, the brother of the ex-Congolese president, has grand ambitions for his term as governor of Tanganyika: to create the conditions for his province to become a DRC mining and industrial hub and thereby establish the family stronghold as a leading commercial player in the country.

Subscribers only Mining 13.11.2020

Zoé Kabila, governor of the Congolese province of Tanganyika.

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DRC
Conseil Presidentiel de Veille Strategique
DGDP
Exim Bank of China
Felix Tshisekedi
Gecamines
International Development Association
International Monetary Fund
Joseph Kabila
MIBA
Nicolas Kazadi
Societe Nationale d'Electricite
Societe Nationale des Hydrocarbures

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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
Public debt has nearly doubled under Tshisekedi

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DRC
Kinshasa out to save Primera Gold

DRC
IMF remains cautious ahead of polls

Spotlight | Angola, DRC
Kinshasa still soft-pedalling on contentious oil blocks run by Angola despite $78bn loss

DRC
M23 rebels force massive rise in DRC military spending

DRC
IMF prepares fourth review of credit programme with Kinshasa

DRC
$15m luxury cars contract for DRC's embassies awarded to finance minister Kazadi's brother

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

DRC
Zoé Kabila aspires to transform Tanganyika into the new Haut-Katanga

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Indigo Publications' websites

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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

West African cocoa cartel battles with the traders

Cabo Delgado: a gas Eldorado and security nightmare

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

DRC Public debt has nearly doubled under Tshisekedi

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create a free account

Set up email notifications for these topics

DRC Kinshasa out to save Primera Gold

DRC IMF remains cautious ahead of polls

Spotlight | Angola, DRC Kinshasa still soft-pedalling on contentious oil blocks run by Angola despite $78bn loss

DRC M23 rebels force massive rise in DRC military spending

DRC IMF prepares fourth review of credit programme with Kinshasa

DRC $15m luxury cars contract for DRC's embassies awarded to finance minister Kazadi's brother

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

DRC Zoé Kabila aspires to transform Tanganyika into the new Haut-Katanga

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
Public debt has nearly doubled under Tshisekedi

DRC
Kinshasa out to save Primera Gold

DRC
IMF remains cautious ahead of polls

Spotlight | Angola, DRC
Kinshasa still soft-pedalling on contentious oil blocks run by Angola despite $78bn loss

DRC
M23 rebels force massive rise in DRC military spending

DRC
IMF prepares fourth review of credit programme with Kinshasa

DRC
$15m luxury cars contract for DRC's embassies awarded to finance minister Kazadi's brother

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

DRC
Zoé Kabila aspires to transform Tanganyika into the new Haut-Katanga