Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

DRC, Brazil Strengthen Ties with New Bilateral Agreements

DRC, Brazil Strengthen Ties with New Bilateral Agreements

Highlights:

• Kinshasa and Brasília sign multiple agreements covering visas, diplomatic work, and military cooperation.
• Collaboration expands to agriculture, health, environment, and electoral projects.
• Trade reached a record $259 million in 2024, up 28% from the previous year.

The Democratic Republic of the Congo (DRC) and Brazil signed several agreements and memorandums of understanding on August 11, reinforcing diplomatic, security and economic cooperation, the DRC government said.

The agreements include visa exemptions for holders of special passports and authorization for paid work for diplomats’ dependents. In the security sector, both countries pledged to strengthen the operational capabilities of the DRC Armed Forces (FARDC), acquire equipment, exchange expertise in the military industry, and train special jungle units.

“The signing of these agreements testifies to the shared desire of the two States to consolidate their diplomatic relations in the service of the well-being of their peoples,” the DRC Ministry of Foreign Affairs said on X.

The countries also collaborate on strategic sectors including agriculture, health, biofuels, environment, and elections. A technical cooperation program launched in 2022 trains small-scale Congolese agricultural producers.

Trade between the two nations hit a record $259 million in 2024, up 28% against 2023. Last year, Brazil exported $191.5 million worth of sugar, poultry, and pork to the DRC while the Central African nation exported crude oil valued at $67.6 million. In 2023, Félix Tshisekedi became the first Congolese president to pay an official visit to Brazil.

Lydie Mobio

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
dr-congo-emirati-conglomerate-irh-installs-board-directors-at-alphamin-resources
UAE's International Resources Holding appoints two directors to Alphamin board following 56% stake acquisition Ziad Mikhael and Salman Bhatti...
rawbank-strengthens-management-to-better-implement-its-2026-2030-strategic-plan
Highlights • Rawbank created a Deputy General Manager role for Business and Development, now held by Hugues Bosala, to oversee production, sales,...
new-governor-of-central-bank-of-congo-wants-to-revamp-trust-in-local-currency
New central bank governor André Wameso pledges to rehabilitate the Congolese franc. Strategy rests on stabilizing inflation, boosting demand for...
firstbank-drc-taps-mining-expert-mbembo-bemba-for-new-deputy-role-in-growth-push
FirstBank DRC has created a second deputy managing director position, appointing Mbembo Bemba to the role. According to the bank's 2024 Pillar III report,...

African Economies

MOST READ

Please publish modules in offcanvas position.