Country: Democratic Republic of the Congo
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U.S. Bid to Challenge China’s Dominance of the Battery Metal Supply Chain in Africa Faces Two Key Hurdles
Widely perceived as a major and concrete U.S. move to counter China in the supply chain of critical minerals in Africa, the U.S.-DR Congo-Zambia MoU signed last December in Washington, D.C., will confront significant challenges, mainly for the DRC and Zambia. Both ...
It’s Been a Big Week for Chinese Infrastructure Development in Africa
Two U.S. cabinet secretaries are currently touring Africa to fulfill President Joe Biden's promise that the United States is "all in" when it comes to bolstering ties with countries across the continent. A key part of the message that Treasury Secretary Janet ...
China’s Ambassador to the DR Congo to Leave
Chinese ambassador to the Democratic Republic of the Congo stopped by the Defense Ministry in Kinshasa this week to say goodbye to Minister Gilbert Kabanda. Zhu also left a parting gift of $27 million of security assistance for the Congolese military. ...
Massive New Chinese-financed Cultural Center Takes Shape in Kinshasa
Three years after Chinese contractors broke ground to build the new Central African Cultural and Arts Center in the DR Congo capital of Kinshasa, the 36,000-square-meter development is now taking shape. Outgoing Chinese ambassador to the DRC, Zhu Jing, posted an update on Twitter about ...
Is the DRC Making Progress in Reshaping Its Controversial Chinese Deals? Maybe.
The Democratic Republic of Congo could be closer to overhauling two controversial Chinese deals. Finance Minister Nicolas Kazadi told Reuters the government is in active talks with Sicomines, a joint venture between the DRC’s state mining company Gécamines, and Sinohydro and China Railway Group, who were supposed to ...
3 Chinese Nationals Arrested in DRC For Allegedly Murdering a Compatriot
A trio of suspected Chinese "bandits" were made to pose in front of a stash of weapons and cash seized by military authorities in the southern DRC province of Lualaba. Authorities claim the three extorted the money from a fellow Chinese ...
U.S. Signs MoU with DRC, Zambia for e-Vehicle Supply Chains
The governments of Zambia and the Democratic Republic of Congo signed a Memorandum of Understanding with the United States to develop an electric vehicle supply chain in their countries. The exact details of the agreement are still unclear, but it likely involves refining cobalt - a key mineral used ...
Congolese Cobalt May Become a Casualty of the New U.S. Climate Law
It appears that the Democratic Republic of Congo and other African countries that produce strategic resources used to manufacture electric vehicle batteries may be sidelined by the new U.S. climate law known as the Inflation Reduction Act or IRA. A key ...
Why It Isn’t China’s Fault Its Trade With Africa Is So Distorted
China is forecast to break another trade record with Africa this year, potentially even crossing the $300 billion barrier. While that sounds great, the big number masks a distorted trading relationship that is mostly concentrated in extractives among a small handful ...
Chinese EV Battery Maker Unveils Multibillion Dollar IPO, Will Use Proceeds to Develop Next-Gen Cobalt-free Batteries
One of China's hottest electric vehicle battery makers announced plans to go public on the Shanghai Stock Exchange's NASDAQ-like STAR market in a bid to raise $2 billion to build next-generation EV power packs. SVOLT ...
China-Linked Group Will Run Angolan Transport Corridor
The Angolan government has signed a $450 million agreement with the Portuguese infrastructure group Mota-Engil to run rail and logistics in the Lobito Transport Corridor, which connects Lobito Port to the mining zone in the southern Democratic Republic of Congo.
More Evidence that the Africa-China Relationship is Increasingly Driven by Politics, Not Commodities
For centuries, many assumed that Africa's greatest contribution to the global economy was through selling stuff that comes out of the ground. That was certainly what drew the Chinese to Africa back in the early 2000s. Today that's no longer the case.