On a visit to Abu Dhabi, the capital of the United Arab Emirates, President Felix Tshisekedi is holding a series of meetings with Emirati partners to attract more investment to the DRC. Targeted sectors include energy, mining, infrastructure, and security.
DR Congo's President, Felix Tshisekedi, has secured an investment of $1 billion in addition to 30 tactical armored military vehicles from the United Arab Emirates. The announcement was made by Mohamed Ben Zayed Al-Nahyane, Crown Prince of Abu Dhabi and Supreme Vice Commander of the UAE Armed Forces, following a meeting with the Congolese leader yesterday October 10.
The two officials discussed collaboration and investment opportunities in various areas, including infrastructure, energy, health, mining, and security. According to the Congolese presidency, "both parties agreed to strengthen their relations and create a win-win partnership. The Emirates have shown a strong willingness to help the DRC fight terrorism in the east.” The Congolese government is still struggling to bring peace back to that part of the country, despite the assistance of Monusco.
Since Felix Tshisekedi came to power, Kinshasa has made strong commitments to address the security crisis, while accelerating its development projects. For several months, the provinces of Ituri and North Kivu have been under siege, to put an end to the activities of armed groups. This initiative was followed by a strengthening of cooperation with the country's partners, including the U.S., to improve the capacities of the Congolese armed forces.
Jean-Marc Gogbeu (intern)
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...
In 2015, all 54 African countries committed to raising education spending to at least 4 to 6 percent of GDP and/or 15 to 20 percent of total public...
Côte d’Ivoire announces commercial offshore hydrocarbon discovery Eni finds oil, gas at Calao South well Government targets 200,000 bpd output by...
Niger’s Tiani begins two-day visit to Algeria Trip follows ambassador recall and diplomatic normalization Countries advance gas pipeline and...
Burkina Faso, Algeria sign energy and mining cooperation minutes Deal covers fuel supply, LPG trade, technical expertise Agreement builds on...
Fort Jesus is a fortress located in Mombasa, on Kenya’s coastline, at the entrance to the natural harbor that long made the city a hub of trade in the...
While Afrobeat has evolved into what is now known as Afrobeats, there is little dispute that the movement was pioneered by Fela Kuti. A musical genius and...