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CONGO

Sassou Nguesso looks beyond the International Monetary Fund to 2021

Denis Sassou Nguesso hopes to reach an accord with the IMF that can keep his chance for reelection. © Reuters

Decisive for the economic future of the country, the negotiations with Washington may also provide the president with a platform for winning the next presidential election. Analysis.Pre-campaign - Denis Sassou Nguesso, who on 5 February celebrated the 40th anniversary of [...] (612 words)

Issue dated 27/02/2019 Reading time 3 minutes

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CONGO
Chemin de Fer Congo-Ocean
Clement Mouamba
Denis Christel Sassou Nguesso
Denis Sassou Nguesso
Dominique Strauss-Kahn
Forces Armees Congolaises
Glencore
International Monetary Fund
Jean-Jacques Bouya
Jean-Paul Pigasse
Lazard
Lucien Ebata
Matthieu Pigasse
Societe nationale des petroles du Congo
Trafigura

Reality catches up with Sassou Nguesso's campaign promises

Ahead of his re-election President Denis Sassou Nguesso made a raft of campaign promises to launch major works. Some are already withering on the vine. [...]

Congolese president Denis Sassou Nguesso. © Abd Rabbo Ammar/ABACA via Reuters Connect

CONGO 04/03/2021

Sassou Nguesso banks on IMF thaw to gild his re-election

With three weeks to go until the presidential poll, the Congolese government is working hard to clinch a debt rescheduling agreement with Glencore and get the IMF to resume lending. [...]

President of Congo Denis Sassou Nguesso. © @SassouCG/Twitter

CONGO 17/02/2021

Mercuria seeks deal on SNPC oil cargoes with Lucien Ebata's Orion

Congolese trading house Orion Oil is casting a wider net to find partners for the sale of the Congolese state oil. [...]

Orion chairman Lucien Ebata. © Lucien Ebata/LinkedIn

ZAMBIA 08/02/2021

Lusaka to list mines alongside Euronext's big players

The national mining company ZCCM-IH is seeking consultants to help it switch Euronext markets in the coming months with the hope this will win over institutional investors, making it less vulnerable to price manipulations and ultimately earn more profit. [...]

CONGO 01/12/2020

Copasol seeks new lease of life for its idle solar panel factory

Despite millions of dollars in state funding, Congolaise des Panneaux Solaires has been at a standstill since 2015. Its managers are hoping to kickstart production with new projects. [...]

CONGO 15/05/2020

Cameroonian company called in to save ailing SNPC refining subsidiary CORAF

Congolaise de Raffinage (CORAF) is to be restructured. The State has called in a Cameroonian audit firm to help it carry out the titanic task. [...]

GABON 04/03/2020

A new brief for Lazard?

The coordination unit in the Gabonese president's office is currently [...]

CONGO 05/02/2020

Air Sassou grounded at Dubai airport

Much used by Congo's presidential family, the plane belonging to the Congolese oligarch Moussengo Alilo is currently grounded in Dubai, where it owes €1.7 million in arrears. [...]

CONGO DRC 08/01/2020

Rodrigue Nguesso, Sassou's new envoy for Tshisekedi

43-year-old Rodrigue Nguesso, the son of Maurice Nguesso (the elder brother of President Denis Sassou Nguesso), has become a key [...]

CONGO 18/12/2019

Snubbed by the IMF, Denis Sassou Nguesso calls his teams to account

Following the postponement of the vote, initially scheduled for this [...]

CONGO 18/12/2019

Denis Christel Sassou Nguesso goes on the offensive

On the eve of the ruling PCT party conference, which he hopes to use as a launchpad, the president's disruptive youngest son has installed his allies in private sector posts, sometimes rather forcefully. [...]

CONGO 04/12/2019

Matthieu Pigasse says goodbye to Sassou

In late November, three weeks before his official departure from Lazard, the deputy head of the bank's financial advisory department, [...]

CONGO 28/08/2019

Denis Sassou Nguesso prepares for new political season

On holiday since 15 August in his native stronghold of Oyo in the north, Denis Sassou Nguesso, who is due [...]

CONGO 24/07/2019

Sassou reined in by IMF

The $448.6 million loan programme that was approved on 11 July by the board of the International Monetary Fund comes [...]

TOGO 12/06/2019

Lazard gives Sani Yaya helping hand

Forced to look to the international banking system for help [...]

Spotlight

CONGO 11/06/2019

With Mercuria's new gameplay, SNPC's debt plays havoc on its future

As finance minister Calixte Nganongo scrambles to restore Congo-B's economic stability with plans to restructure debt that will help unlock IMF aid, the country's finances continue to go from bad to worse. Mercuria to the rescue? [...]

CONGO 29/05/2019

Oscar Otoka to chair La Congolaise des routes

Not in the best of health and criticised for his [...]

CONGO 28/05/2019

Debt: IMF, Lazard freres and DSK wary of Beijing's progress with Trafigura

In a letter sent to prime minister Clement Mouamba on [...]

CONGO 15/05/2019

Denis Sassou Nguesso goes after foreign operators

Now that an accord has been reached between the International [...]

CONGO 30/04/2019

Calixte Nganongo emerges from Okemba's shadow

The minister of finance is becoming increasingly powerful within the state apparatus. Here's why. [...]

CONGO 30/04/2019

2021 too soon for Kiki?

The negotiations in progress with the International Monetary Fund (IMF) [...]

CONGO CHINA 10/04/2019

Sassou promotes Beijing's projects despite IMF misgivings

Almost bankrupt, Brazzaville has secured the creation of a special economic zone despite strained relations with China, much to the dismay of Washington. [...]

CONGO ISRAEL 27/03/2019

Sassou Nguesso trades forests for concrete

Faced with a liquidity crisis, Brazzaville has been issuing forest permits to ensure that a number of construction projects continue. [...]

CONGO FRANCE 27/03/2019

Bernard Kouchner lends Sassou a helping hand

The former French minister Bernard Kouchner has been approached to reform the Congolese health service, just as he was previously in Gabon by Omar Bongo. [...]

CONGO CHINA 13/03/2019

Beijing Construction Engineering Group in rude health

Beijing Construction Engineering Group (BCEG) was the project manager and [...]

DRC CONGO 13/03/2019

Denis Christel, a very special envoy for Felix Tshisekedi

Denis Sassou Nguesso is counting on his son to nurture relations with his counterpart in Congo-K. [...]

AFRICA 13/03/2019

Bruno Le Maire's development gathering

The French minister of the economy and finance, Bruno Le [...]

CONGO RUSSIA 13/03/2019

Sassou postpones visit to Moscow

Initially scheduled for March, the visit of Denis Sassou Nguesso [...]

CONGO 12/03/2019

Glencore and Trafigura's schizophrenic gameplay

While on the verge of a deal with their debtor SNPC and the ministry of finance, the trading houses have also struck up talks with prime minister Mouamba. [...]

CONGO GUINEA UNITED NATIONS 27/02/2019

Francois Fall, Sassou's avatar in Brazza?

The special representative of the UN secretary-general Antonio Guterres for central Africa, Francois Lounceny Fall, has stated his willingness to [...]

CONGO 12/02/2019

Debt negotiations: Lucien Ebata's fall from grace

Two years after being named "special advisor on foreign funding", the former trader Lucien Ebata has lost his place as the country's main go-between with lenders. [...]

CONGO 30/01/2019

Sassou Nguesso's diplomatic diversionary tactics

Weakened on the home front, the president is seeking to boost his image abroad. [...]

CONGO 22/08/2018

No getting around the IMF for Sassou Nguesso

The failure of Prime Minister Clement Mouamba's mission to Beijing leaves the government no option but to swallow Washington's medicine. [...]

CONGO 20/03/2018

Lazard trying to twist Glencore and Trafigura's arm

Lazard, the bank mandated by the Congolese government to help the country renegotiate its debt with oil traders, has a thorny task ahead of itself. [...]

CONGO 14/11/2017

Lucien Ebata's special mission to bail out the Congo Free

Parachuted in as a special adviser to the Congolese president on foreign funding (AEI 800 et WAN 759), Lucien Ebata [...]

CONGO 27/09/2017

A highly risky venture for Sassou

The President has created a task force to take on the IMF experts [...]

Breaking newsCONGO 08/09/2017

Strauss-Kahn and his aides draw up debt plan

Parnasse, the company owned by former International Monetary Fund (IMF) director general Dominique Strauss-Kahn, is trying to come up with [...]

CONGO 30/08/2017

How Sassou intends to sweeten the bitter pill

The president has appointed a government tasked with preparing for the austerity measures which the IMF is intending to impose [...]

CONGO 29/08/2017

SNPC's last resort journey to China

Having failed to secure a loan from Saudi Arabia, the Congolese oil company's management have turned to Beijing for help. [...]

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CONGO
Chemin de Fer Congo-Ocean
Clement Mouamba
Denis Christel Sassou Nguesso
Denis Sassou Nguesso
Dominique Strauss-Kahn
Forces Armees Congolaises
Glencore
International Monetary Fund
Jean-Jacques Bouya
Jean-Paul Pigasse
Lazard
Lucien Ebata
Matthieu Pigasse
Societe nationale des petroles du Congo
Trafigura

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Sassou Nguesso looks beyond the International Monetary Fund to 2021

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

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Receive free prompts for these topics

Reality catches up with Sassou Nguesso's campaign promises

Sassou Nguesso banks on IMF thaw to gild his re-election

Mercuria seeks deal on SNPC oil cargoes with Lucien Ebata's Orion

Lusaka to list mines alongside Euronext's big players

Copasol seeks new lease of life for its idle solar panel factory

Cameroonian company called in to save ailing SNPC refining subsidiary CORAF

A new brief for Lazard?

Air Sassou grounded at Dubai airport

Rodrigue Nguesso, Sassou's new envoy for Tshisekedi

Snubbed by the IMF, Denis Sassou Nguesso calls his teams to account

Denis Christel Sassou Nguesso goes on the offensive

Matthieu Pigasse says goodbye to Sassou

Denis Sassou Nguesso prepares for new political season

Sassou reined in by IMF

Lazard gives Sani Yaya helping hand

With Mercuria's new gameplay, SNPC's debt plays havoc on its future

Oscar Otoka to chair La Congolaise des routes

Debt: IMF, Lazard freres and DSK wary of Beijing's progress with Trafigura

Denis Sassou Nguesso goes after foreign operators

Calixte Nganongo emerges from Okemba's shadow

2021 too soon for Kiki?

Sassou promotes Beijing's projects despite IMF misgivings

Sassou Nguesso trades forests for concrete

Bernard Kouchner lends Sassou a helping hand

Beijing Construction Engineering Group in rude health

Denis Christel, a very special envoy for Felix Tshisekedi

Bruno Le Maire's development gathering

Sassou postpones visit to Moscow

Glencore and Trafigura's schizophrenic gameplay

Francois Fall, Sassou's avatar in Brazza?

Debt negotiations: Lucien Ebata's fall from grace

Sassou Nguesso's diplomatic diversionary tactics

No getting around the IMF for Sassou Nguesso

Lazard trying to twist Glencore and Trafigura's arm

Lucien Ebata's special mission to bail out the Congo Free

A highly risky venture for Sassou

Strauss-Kahn and his aides draw up debt plan

How Sassou intends to sweeten the bitter pill

SNPC's last resort journey to China

Receive free prompts for these topics

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