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DRC

DRC Congo banks consolidate oil company debt repayment mechanism

The financial package this time involves $282m from the massive subsidy lines for petroleum products designed to keep pump prices in check.

Subscribers only Finance, Energy 18.12.2024

Moïse Katumbi's football club claiming €11m from the government

TP Mazembe, the Lubumbashi club, are supposed to have all their travel costs covered by the Ministry of Finance. But since the 2021-2022 season, none of their travel has been reimbursed.

Subscribers only Politics 17.12.2024

Spotlight
Kinshasa strikes risky deal with Dan Gertler via Afriland bank

The head office of Afriland First Bank, in Kinshasa, in April 2021. © Ashley Gilbertson/VII/Redux-REA

Subscribers only Finance, Mining 16.12.2024

CEMAC heads of state to discuss Gabon and Congo's debts

Libreville and Brazzaville have strayed from the convergence criteria of the Economic and Monetary Community of Central Africa. The issue will be discussed at an extraordinary summit in Yaoundé next week.

Subscribers only Finance, Diplomacy 13.12.2024

Spotlight
Kinshasa's secret $150m deal with Dig Oil

Congolese Prime Minister Judith Suminwa Tuluka at the COP29 Climate Conference in Baku, Azerbaijan, on 13 November 2024 © Sean Gallup/Getty Images via AFP

Subscribers only Energy 11.12.2024

Perenco hit with two state-mandated audits

The Congolese hydrocarbon ministry has commissioned two companies to carry out detailed audits of Franco-British energy company Perenco's oil business in the country. These reports should shed light on the firm's actual oil production, as well as its environmental impact.

Subscribers only Energy 11.12.2024

Kinshasa's intriguing security sweep in Zambia

Dozens of DR Congo nationals suspected of planning to destabilise their country were picked up and brought home from neighbouring Zambia, in an October operation greenlit by Lusaka.

Subscribers only Defence 11.12.2024

Felix Tshisekedi and Hakainde Hichilema at a meeting near Lobito, Angola, 4 December 2024.

Ecobank appeals as legal battle between Moise Katumbi and Pascal Beveraggi rumbles on

The Congolese subsidiary of the pan-African bank has been ordered to pay $5.5m in compensation to the French businessman's companies. All told, it risks having to pay more than $10m.

Subscribers only Finance, Mining 03.12.2024

Sisi pursues diplomatic charm offensive with Tshisekedi

As the Egyptian government looks to contain Ethiopia on the Grand Ethiopian Renaissance Dam file, the Egyptian leader is vying for his Congolese counterpart's support.

Subscribers only Diplomacy 03.12.2024

Felix Tshisekedi and Abdel Fattah al-Sisi during the 5th Mid-Year Coordination Meeting of the African Union, in Nairobi, Kenya, 16 July 2023.

Struggling Sodimico takes a hard look at its mining partnerships

The board of directors of the state-owned mining company, which has been in place for just over a year, has been reviewing the deals it has entered into in the past. And several of them are now deemed to be of dubious value.

Subscribers only Mining 29.11.2024

Spotlight
Gécamines backfill project in Lualaba attracts keen interest

The mining entrepreneur Joseph Kazibaziba has launched a pilot project in the Katangese province to exploit artificial deposits in order to transform them into copper cathodes. Close to the government, he has hired a stepdaughter of a presidential adviser to help his mission along.

Subscribers only Mining, Politics 28.11.2024

Miners on the banks of a large mine embankment on 23 April 2018 in Kolwezi in the DRC.

Head of Entreprise Générale du Cobalt on charm offensive in Brussels

The boss of Gécamines' fully owned subsidiary is discussing how the EU can support its small-scale mining activities in the cobalt sector. The aim is to develop its two pilot projects in Lualaba.

Subscribers only Mining 25.11.2024

Attorney general Firmin Mvonde acquires luxury flats in Brussels

The prominent Congolese magistrate, who in February described the death of former minister Chérubin Okende as a suicide, recently forked out $910,000 for property in the Belgian capital.

Subscribers only Politics 22.11.2024

Spotlight
Over $1bn in 2023 emergency government spending unaccounted for

Unable to reconcile emergency expenditures made during the tenure of then finance minister Nicolas Kazadi, the Central Bank of Congo has yet to close the treasury's general account for the 2023 fiscal year.

Subscribers only Finance, Politics 21.11.2024

Congolese prime minister Judith Simunwa Tuluka on 13 November 2024 in Baku (Azerbaijan).

Finance Minister Doudou Fwamba considers issuing a eurobond

Finance Minister Doudou Fwamba Likunde is looking into issuing a eurobond, working in close collaboration with the presidential cabinet headed by Anthony Nkinzo Kamole.

Subscribers only Finance 19.11.2024

Spotlight
Intel agency probes authenticity of data on Dan Gertler's former oil block

The DRC's national intelligence agency is investigating whether information relating to assets I and II in the Albertine Graben area, once owned by the Israeli billionaire, have been manipulated.

Subscribers only Energy 15.11.2024

Kinshasa promises to audit exceptional security spending

In view of a $2.87bn deal signed with the IMF, the Congolese government has pledged to audit the massive sums poured into the war effort in the east of the country.

Subscribers only Defence 15.11.2024

Gécamines worried by lacklustre performance of STL germanium plant

Production has fallen well short of targets.

Subscribers only Mining 08.11.2024

2025 date set for Congolese warlord Roger Lumbala trial in France

The leader of the RCD-N political-military movement is charged with complicity in crimes against humanity in the DRC in the early 2000s. He has been in pre-trial detention in France for nearly five years.

Subscribers only Politics 07.11.2024

Roger Lumbala on 8 January 2013 in Kampala.

BEAC and extractive industry professionals prolong negotiations on rehabilitation funds

Oil and mining companies operating within CEMAC had undertaken to reach an agreement with the bloc's central bank by 1 January, but are now aiming to do so four months later.

Subscribers only Energy, Mining 05.11.2024

ECCAS in need of CFA 15bn

The Economic Community of Central African States needs to find between €22m and €27m if it is to continue to operate.

Subscribers only Diplomacy 04.11.2024

Parastatal diamond miner MIBA seeks partners to help it diversify

To relaunch Kasai's 80%-state-owned diamond concern, Jean-Charles Okoto is seeking help from his Chinese-Belgian minority shareholder Asa Resource as well as new partners. He is hoping to expand into new sectors, including nickel mining.

Subscribers only Mining 01.11.2024

Kinshasa's strategy to get Common Interest Zone up and running

Determined to assert its rights over its offshore oil resources, the Congolese government is progressing on the development of the Common Interest Zone with Angola under the lead of hydrocarbons minister Sakombi Molendo.

Subscribers only Energy 31.10.2024

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

Congo Airways CEO plays last card after his suspension

José Dubier Lueya's fate is now in the hands of the State Council, which is due to examine his appeal against his suspension as head of the national airline.

Subscribers only Business 24.10.2024

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DRC

DRC Congo banks consolidate oil company debt repayment mechanism

Moïse Katumbi's football club claiming €11m from the government

Spotlight
Kinshasa strikes risky deal with Dan Gertler via Afriland bank

CEMAC heads of state to discuss Gabon and Congo's debts

Spotlight
Kinshasa's secret $150m deal with Dig Oil

Perenco hit with two state-mandated audits

Kinshasa's intriguing security sweep in Zambia

Ecobank appeals as legal battle between Moise Katumbi and Pascal Beveraggi rumbles on

Sisi pursues diplomatic charm offensive with Tshisekedi

Struggling Sodimico takes a hard look at its mining partnerships

Spotlight
Gécamines backfill project in Lualaba attracts keen interest

Head of Entreprise Générale du Cobalt on charm offensive in Brussels

Attorney general Firmin Mvonde acquires luxury flats in Brussels

Spotlight
Over $1bn in 2023 emergency government spending unaccounted for

Finance Minister Doudou Fwamba considers issuing a eurobond

Spotlight
Intel agency probes authenticity of data on Dan Gertler's former oil block

Kinshasa promises to audit exceptional security spending

Gécamines worried by lacklustre performance of STL germanium plant

2025 date set for Congolese warlord Roger Lumbala trial in France

BEAC and extractive industry professionals prolong negotiations on rehabilitation funds

ECCAS in need of CFA 15bn

Parastatal diamond miner MIBA seeks partners to help it diversify

Kinshasa's strategy to get Common Interest Zone up and running

Kinshasa out to save Primera Gold

Congo Airways CEO plays last card after his suspension

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Africa Intelligence on social media

Indigo Publications' websites

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Indigo Publications' websites

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China National Petroleum Corp

Hassan Sheikh Mohamud

DRC

DRC Congo banks consolidate oil company debt repayment mechanism

Moïse Katumbi's football club claiming €11m from the government

Spotlight Kinshasa strikes risky deal with Dan Gertler via Afriland bank

CEMAC heads of state to discuss Gabon and Congo's debts

Spotlight Kinshasa's secret $150m deal with Dig Oil

Perenco hit with two state-mandated audits

Kinshasa's intriguing security sweep in Zambia

Ecobank appeals as legal battle between Moise Katumbi and Pascal Beveraggi rumbles on

Sisi pursues diplomatic charm offensive with Tshisekedi

Struggling Sodimico takes a hard look at its mining partnerships

Spotlight Gécamines backfill project in Lualaba attracts keen interest

Head of Entreprise Générale du Cobalt on charm offensive in Brussels

Attorney general Firmin Mvonde acquires luxury flats in Brussels

Spotlight Over $1bn in 2023 emergency government spending unaccounted for

Finance Minister Doudou Fwamba considers issuing a eurobond

Spotlight Intel agency probes authenticity of data on Dan Gertler's former oil block

Kinshasa promises to audit exceptional security spending

Gécamines worried by lacklustre performance of STL germanium plant

2025 date set for Congolese warlord Roger Lumbala trial in France

BEAC and extractive industry professionals prolong negotiations on rehabilitation funds

ECCAS in need of CFA 15bn

Parastatal diamond miner MIBA seeks partners to help it diversify

Kinshasa's strategy to get Common Interest Zone up and running

Kinshasa out to save Primera Gold

Congo Airways CEO plays last card after his suspension

Create a notification

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Spotlight
Kinshasa strikes risky deal with Dan Gertler via Afriland bank

Spotlight
Kinshasa's secret $150m deal with Dig Oil

Spotlight
Gécamines backfill project in Lualaba attracts keen interest

Spotlight
Over $1bn in 2023 emergency government spending unaccounted for

Spotlight
Intel agency probes authenticity of data on Dan Gertler's former oil block