Pressure mounts on CEMAC to relax foreign exchange rules
Double act takes over from Trafigura trader Economou to ensure cobalt continuity
The discovery of major fraud in Trafigura's nickel business, which could cost the Swiss firm up to $577m, pushed its trader Socrates Economou towards the exit. Mehdi Wetterwald and Daniel von Arx are taking over from him and will head to DR Congo to secure the group's supplies of cobalt.
Kinshasa eyes Chinese fighter jets after buying Beijing's drones
A high-level delegation from the China National Aero-Technology Import & Export Corp (CATIC) travelled last week to Kinshasa, accompanied by officers from the People's Liberation Army (PLA), to try to sell its JF-17 Thunder fighter jets to DR Congo.
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Albert Yuma's young guard take helm of DRC's Gécamines
The state miner's new chairman and general managers appointed by Kinshasa to give Gécamines a new lease of life were all in the good books of the firm's all-powerful former boss Albert Yuma Mulimbi. They also each worked at one time for private mining firms operating in DRC, such as AngloGold and Glencore.
NB Mining court case left hanging as judge goes awol
Just as the ex-governor of Katanga Moïse Katumbi was about to leave the coalition government, the commercial court judge presiding over the case involving him and the French businessman Pascal Beveraggi sent a letter of resignation to Félix Tshisekedi alleging that he was being pressured into finding in favour of the Frenchman.
Luc Gérard Nyafé finally takes over Banro gold miner
The Congolese entrepreneur's purchase of Banro Corporation has been approved by the Canadian gold company's board. Nyafé, who lives in Colombia, has taken over the investment vehicle that bought all of Banro's assets in DRC, not only the Namova mine.
Tshisekedi and Kagame clash over M23 at African Union
At the recent session of the AU Peace and Security Council, the DRC president adopted an aggressive stance as he urged his peers to unreservedly condemn Rwanda's interference in the east of his country and its support for the M23 rebel group, but his tone and language were not universally welcomed.
Kinshasa calls on armed Chinese drones and Foreign Legion vet to take on M23 rebels
The Congolese army is struggling to contain the M23 rebel group. In seeking to reverse the balance of power, Kinshasa has bought military drones from China and hired private Romanian soldiers operating under the command of a French Foreign Legion veteran.
Bridgeway Foundation takes fight to ADF with backing from Washington and Kampala
Bridgeway Foundation is a member of the camp of those fighting the armed group known as the Allied Democratic Forces (ADF). The US foundation claims to have helped several fighters defect from the group, and that it is running a private intelligence, lobbying and public relations operation.
Pretoria launches airlift to supply its peacekeepers in DRC
The South African army is operating a cargo plane chartered by Sapsan Airline that leaves Pretoria on an almost daily basis to supply its peacekeepers in eastern DR Congo. In a context of high tension between Kinshasa and M23 rebels, the South African military wants to be prepared for any eventuality.