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Breaking news
Business 08/10/2021

Congo challenges Mohsen Hojeij's billion-euro arbitration for 'corruption' 

Breaking news published on 08/10/21 at 17:00 p.m. - Congo lodged a complaint against "persons unknown" on 7 October, accusing the president of the tribunal that arbitrated Commisimpex's 2013 claim against the state, of having ties to Hojeij's company. If found to be justified, the action could lead to the suspension, or even the annulment altogether of the arbitration which has awarded over €1bn to the company. [...]

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Running story Mining

Brazzaville facing hefty arbitration over withdrawn iron ore permits 

President Denis Sassou Nguesso's decision to withdraw several iron ore mining permits in late 2020 has thrust arbitration proceedings on the heavily-indebted country involving at least $40bn. All of the plaintiffs - Australia's Sundance Resources and Equatorial Resources, Saint Kitts and Nevis-based Avima Iron Ore and Britain's Midus Holdings - are being assisted by law firm Clifford Chance. [...]
Drill cores at the Badondo site.
Drill cores at the Badondo site. © Equatorial Resources
Politics 29/09/2021

PM Makosso yet to appoint new team four months into the job 

Anatole Collinet Makosso has still not named his new staff, more than four months after taking office. The only notable appointment he has made is that of his secretary general, poached from foreign minister Jean-Claude Gakosso, who in the process loses one of his most valuable men. [...]
Congolese Prime Minister Anatole Collinet Makosso (left) is still working primarily with the team formed by his predecessor, Clément Mouamba (right).
Congolese Prime Minister Anatole Collinet Makosso (left) is still working primarily with the team formed by his predecessor, Clément Mouamba (right). © Anatole Collinet Makosso/Twitter
Running story Oil & gas

The oil companies' quiet retreat from the Gulf of Guinea 

Long considered an oil Eldorado thanks to the presence within the region of Africa's two leading oil producers, Nigeria and Angola, the Gulf of Guinea is declining. The inexorable rundown in its output -few if any new discoveries have been made recently in Gabon, Cameroon or Equatorial Guinea - and the fall in oil prices brought about by the Covid-19 pandemic have speeded up the retreat from the region in which the oil majors have been engaged for some years already. [...]
An ExxonMobil FPSO off the coast Nigeria.
An ExxonMobil FPSO off the coast Nigeria. © ExxonMobil/DR
Inner circles Mining 20/08/2021

Mines minister and Sassou favourite Pierre Oba besieged by irate investors 

The seeking of around $40bn from the Congolese state by four companies in compensation for the recent cancellation of their iron mining permits has placed the country's mining industry's movers and shakers in the spotlight, not least the powerful minister of mines Pierre Oba who is an essential cog in President Denis Sassou Nguesso's machine. [...]
Congo Minister of Mines, Pierre Oba.
Congo Minister of Mines, Pierre Oba. © Jemal Countess / Getty Images North America / Getty Images via AFP

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