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CONGO

New budget minister Andely picks task force to improve IMF relations

The newly appointed Congolese budget minister Roger-Rigobert Andely has named a select group to reopen communication channels with the IMF and negotiate the disbursement of the second tranche of a loan programme that has been blocked for the past year. But the going could be tough for the new team. [...] (707 words)

Issue dated 17/06/2021 Reading time 3 minutes

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Receive free prompts for these topics

CONGO
Africa Oil & Gas Corp
Albert Ngondo
Assurances et réassurances du Congo
Bruno Jean-Richard Itoua
Calixte Nganongo
Denis Gokana
Denis Sassou Nguesso
Elf
Glencore
Guénolé Mbongo Koumou
Henri Loundou
International Monetary Fund
Lambert Ifoko
Ludovic Itoua
Maurel & Prom
Nicolas Okandzé
OPEC
Rigobert Roger Andely
Serge Ndeko
Société nationale des pétroles du Congo
Teresa Goma
Trafigura
Wilfried Albert Ossié

Andely turns his attention to the debt of public sector companies

After having negotiated debt agreements with the Republic of the Congo's bilateral partners and trading groups, finance and budget minister Rigobert Roger Andely has turned his attention to state-owned companies. First in line will be the all-powerful Société Nationale des Pétroles du Congo, which has contracted debts totalling more than $2bn. [...]

Congolese Finance Minister Rigobert Roger Andely. © Ministry of Finance of Congo/Twitter

Spotlight

AFRICA 08/03/2022

IMF sets up anti-corruption unit and ponders making governance a condition for lending

The international financial institution is considering incorporating governance and anti-corruption into the conditionality of its lending programmes and for first time in its history has set up an anti-corruption unit. [...]

Mohammed Barkindo, Secretary General of OPEC (foreground, light outfit) was received on August 22 in Congo-Brazzaville by Bruno Jean-Richard Itoua, Congolese Minister of Hydrocarbons, to his left. © SNPC

Spotlight

CONGO 06/09/2021

Oil minister Itoua uses OPEC to help him raise Saudi and UAE funds

Oil minister Bruno Itoua and SNPC chief Raoul Ominga want OPEC secretary general Mohammed Barkindo to intervene on their country's behalf to obtain funds. [...]

CONGO 02/09/2021

Denis Sassou Nguesso's declining health puts his entourage in a flutter

Congo's president is currently in Switzerland, where he has been undergoing medical checks for the past two weeks. In his absence, rumours about the leader's succession have been spreading thick and fast. [...]

Congo's president Denis Sassou Nguesso in Paris in May, 2021. © Stéphane Lemouton/Pool/Abaca via Reuters

CONGO 27/08/2021

Prime Minister Makosso, Sassou IV's champion in Paris

The Congolese prime minister has been in Paris since August 24, on what is his first international trip, where he has been heading a large delegation that has been meeting with French officials and the business community. [...]

DRC prime minister Anatole Collinet Makosso with the French minister of state for tourism Jean-Baptiste Lemoyne. © Twitter account Jean-Baptiste Lemoyne

AFRICA SWITZERLAND 27/08/2021

Banque Cantonale de Genève gains as leading banks pull out of trade finance

Banque Cantonale de Genève, which has many clients active in Africa, has been riding on an uptake in trade finance since the beginning of the year. [...]

Spotlight

CENTRAL AFRICA 18/08/2021

Equatorial Guinea turns to IMF as bankruptcy looms

Equatorial Guinea has become a matter of concern for the CEMAC, whose heads of state are gathering for an IMF summit in Yaoundé today. [...]

CONGO 15/07/2021

Itoua, now crowned as oil minister, seeks to settle scores

Newly-appointed Bruno Itoua is going all out to sideline any officials who are deemed unloyal to him. [...]

The new hydrocarbons minister Bruno Jean-Richard Itoua. © Facebook/Bruno Jean-Richard Itoua

CONGO 08/07/2021

IMF's Congo summer

On 8 July, International Monetary Fund (IMF) executive director for Congo Aivo Handriatiana Andrianarivelo, will end a 6-day trip to Brazzaville, only days before the institution launches a remote mission for Congo from 14 to 21 July. [...]

CONGO 21/06/2021

New EU ambassador for Brazzaville

The Portuguese diplomat Raul Mateus Paula, the European Union's ambassador to the Republic of Congo since 2018, will be packing his bags this summer. He is set to be replaced by the Italian Giacomo Durazzo. [...]

CONGO 04/06/2021

Roger-Rigobert Andely reprises his role as debt-slayer

Once again, the new finance minister, beloved by lenders and international partners, is putting on his fireman's uniform for Denis Sassou Nguesso, at a time when IMF talks are on the rocks. Whether he can pull off his magic a second time, however, remains to be seen. [...]

The new Congolese Minister of Finance Roger-Rigobert Andely. © Congolese Ministry of Finance and Budget

CONGO 19/05/2021

Receive free prompts for these topics

CONGO
Africa Oil & Gas Corp
Albert Ngondo
Assurances et réassurances du Congo
Bruno Jean-Richard Itoua
Calixte Nganongo
Denis Gokana
Denis Sassou Nguesso
Elf
Glencore
Guénolé Mbongo Koumou
Henri Loundou
International Monetary Fund
Lambert Ifoko
Ludovic Itoua
Maurel & Prom
Nicolas Okandzé
OPEC
Rigobert Roger Andely
Serge Ndeko
Société nationale des pétroles du Congo
Teresa Goma
Trafigura
Wilfried Albert Ossié

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