News (844)
The expiration of the Fina Log concession on Dec. 31, 2025, has reshaped the oil logistics chain between Matadi and Kinshasa by bringing in a new state entity. This corridor is the main transit route for fuel consumed in the western region of the Democratic Republic of Congo (DRC) and accounts for about 80% of fuel bound for the Central African Republic.
The National Petroleum Infrastructure Management Company (ENGIP) was established in January 2026 to manage the corridor’s operations. The public company took over Fina Log’s assets, including pipelines, pumping stations and depots, which returned to the Congolese state at no cost.
On April 7, 2026, the new state enterprise signed operating agreements covering these assets with SEP Congo, the long-standing operator of the Matadi-Kinshasa logistics chain.
“These agreements do not affect the price structure in any way. On the contrary, they could help reduce logistics costs and strengthen price stability,” ENGIP Director General Richard Beya Ilunga said, according to remarks reported by Actualite.cd.
The official fuel pricing structure for the western zone, set in December 2025, highlights the impact of logistics on final consumer prices. For gasoline, distribution costs amount to 724.03 Congolese francs (FC) per liter, compared with a pump price of 2,440 FC, nearly 30% of the final price.
For kerosene, these costs reach 516.06 FC per liter, or about 24% of a pump price of 2,130 FC. Diesel logistics costs stand at 688.78 FC per liter for a pump price of 2,430 FC, representing 28.3% of the final price. SEP Congo alone accounts for 192.79 FC per liter, about 8% to 9% of the final price and more than a quarter of total logistics costs.
Unanswered questions
According to the pricing structure, logistics is the second-largest cost component after international procurement. Lower logistics costs could therefore support price stability, a critical factor as conflict in the Middle East fuels uncertainty over global oil prices.
However, it remains difficult to assess the expected cost reductions, as the details of the contracts between ENGIP and SEP Congo have not been made public.
“These agreements will allow us to operate in a stable environment, with the objective of delivering positive outcomes for our company, government ministries and, above all, citizens,” SEP Congo Director General Malick Ndiaye said. Ndiaye, cited by Actualite.cd, added that negotiations lasted several months but provided no further details.
One point is clear: the state, through ENGIP, now owns 100% of the assets along the Matadi-Kinshasa corridor, compared with 40% before the end of the Fina Log concession. This gives the government greater room to influence logistics costs.
The state must nevertheless balance this with the need to ensure service continuity, which requires maintaining and expanding infrastructure. This also involves mobilising resources, particularly for new investments. For now, ENGIP has not outlined how it plans to address these competing challenges.
Pierre Mukoko & Ronsard Luabeya
Kinshasa's provincial government launched a registration drive on April 7, 2026, to allocate stalls in the new central market. The initiative also enables city authorities to issue business licenses and distribute business registration forms for the 2026 fiscal year.
The move is aimed at expanding the capital’s tax base. To secure a stall in the market, which the governorate says will have around 11,000 spaces, vendors must show proof they have paid either property tax or rental income tax in order to obtain a tax clearance certificate. They must also pay the patente, an annual tax applied to small traders.
The requirement follows the suspension of patente payments in 2024 and 2025, after disputes between vendors’ representatives and the provincial government. Guylain Lokofe, president of the Syndicat des vendeurs du Congo, said the city had initially planned to collect the tax for both years at once, which traders rejected, arguing that the patente is annual and cannot be accumulated. Both sides have since reached an agreement allowing payments to resume.
On the digital platform "irms-dgrk.com," launched in March 2026 by Kinshasa’s General Directorate of Revenue (DGRK), the patente is set on a tiered system based on activity category: 56,000 Congolese francs (FC) for Category A, 42,000 FC for Category B, 28,000 FC for Category C, and 14,000 FC for Category D.
Timothée Manoke
Coopérative U has entered the Democratic Republic of Congo through a partnership with the Biso na Biso group, operator of the Kin Marché brand. Announced on April 2, 2026, the deal includes supply and trademark licensing and represents a new phase in the French retailer’s international expansion.
The partnership is built around a dual-brand strategy. The Coopérative U logo will appear alongside Kin Marché, in what the group describes as a “hybrid” model. In Kinshasa, three stores will operate under the U Express format from 2026, with a gradual rollout of operational standards and private-label products.
Chief Executive Dominique Schelcher said the group’s international strategy relies on alliances with local partners that bring market expertise. This approach allows Coopérative U to build on an existing network while deploying its commercial know-how and brand.
According to the company, Biso na Biso operates 79 stores and plans to reach 116 by 2027. Store sizes range from 500 to 1,000 square metres. The Kin Marché brand is mainly present in Kinshasa, focusing on mid-sized outlets.
Coopérative U, which has more than 130 years of history, operates between 1,800 and 1,900 stores. Its expansion into the DRC is part of a broader strategy to grow outside France through local partnerships and convenience formats. It also reflects rising interest from international retailers in a Congolese market where modern retail is still developing.
Ronsard Luabeya
State-backed guarantee fund FOGEC has begun talks with CRDB Bank Congo and Koto Service to establish a financing scheme for motorcycle taxi drivers. A meeting held on April 3 in Kinshasa outlined an initial framework built around credit guarantees, lending and insurance solutions. No formal agreement has been signed or made public.
Under the proposed arrangement, roles would be divided among the three parties: FOGEC would provide loan guarantees, CRDB Bank Congo would handle financing, and Koto Service would provide motorcycle supply and maintenance services. The scheme is designed to help motorcycle taxi operators access funding to purchase or maintain their vehicles, as well as tailored insurance products.
The project aligns with FOGEC’s mandate to improve access to financing for entrepreneurs, including micro, small and medium-sized enterprises, startups and businesses underserved by the conventional banking system. On Feb. 3, 2026, FOGEC launched Bokeli, a digital platform aimed at helping entrepreneurs structure business plans and submit financing applications in formats aligned with bank requirements.
The appeal of the initiative for the motorcycle taxi segment reflects the growing role of this mode of transport in urban mobility in Congo. According to a study by Target SARL, 71% of users in the Democratic Republic of Congo relied on motorcycle taxis as their primary mode of transportation in 2025, up from 67% in 2023. The increase is driven in part by traffic congestion, limited public transport options and poor road conditions.
Drivers report steady income levels, with daily earnings reaching up to 120,000 Congolese francs, the equivalent of roughly $52 at the current exchange rate, and as much as $60 on busier days.
For CRDB Bank Congo, the initiative could help gradually expand its customer base. The bank opened its first branch in Kinshasa in December 2025, marking its entry into the country’s main banking market. According to its Pillar III report as of June 30, 2025, performance at that time was largely driven by interest on Treasury bills, which accounted for about 77% of net banking income. Income from customer transactions represented around 19.7% of net banking income, not 15.6% as previously reported.
Boaz Kabeya
DR Congo's Ministry of Posts and Telecommunications signed a memorandum of understanding with Unicom Airnet, a subsidiary of state-owned operator China Unicom, on April 7, 2026, in China, for the construction of a telecommunications satellite. According to an official statement, the agreement aims to "support digital sovereignty and improve national connectivity."
For similar objectives, the Democratic Republic of Congo had already signed a memorandum of understanding with Monacosat in November 2024. In September 2025, a representative of the Monaco-based operator, Jean-Philippe Anvam, was received in Kinshasa by President Félix Tshisekedi. At that meeting, officials said the satellite project was valued at $400 million. "The funds are available through a partner bank," Anvam said at the time.
No final contract has been disclosed so far, leaving its implementation uncertain.
In this context, the signing of a memorandum of understanding with Unicom Airnet adds a new dimension. Such agreements are generally non-binding frameworks that allow parties to define the technical and financial parameters of a project without committing to execution.
The Chinese group has strong industrial capabilities in telecommunications. Unicom Airnet describes itself as a satellite services platform backed by China Unicom, one of China's three major state-owned operators.
Congolese authorities have not specified whether this Chinese track replaces, complements or competes with the project led by Monacosat. The lack of official clarification creates uncertainty over the program’s direction, which is part of a broader digital sovereignty strategy.
The government is seeking to reduce dependence on foreign infrastructure by developing its own satellite capabilities, as connectivity needs grow rapidly.
Pierre Mukoko
The provincial government of Kinshasa on Monday launched a registration campaign to allocate commercial spaces at the new central market, commonly known as Zando. The move marks a new phase in the reopening of the site, which has been closed since January 2021 and rebuilt from September 2022.
Authorities have begun a registration and verification process ahead of the allocation of spaces. The governor’s office said in a statement that the phase will run from April 7 to 20, 2026, between 8:30 a.m. and 4:30 p.m., with an official launch held at the Kinshasa Botanical Garden.
To qualify, applicants must be Congolese nationals or represent a company registered in Congo. Foreign nationals may also apply if they hold a residence permit. Applicants must be at least 18 years old and provide proof of trading activity through a valid business license, a trade register, or a 2026 economic activity registration form. They must also show proof of payment of property or rental income tax to obtain tax clearance.
The registration drive has also been rolled out at several locations across the capital, according to the Congolese Press Agency (ACP). These include Matete market, Liberté market, Maluku market, and the communes of Bandalungwa and Limete, to make it easier for traders to register.
The new facility includes 10,000 stalls, 650 shops, 10 warehouses of 500 cubic meters each, more than 300 kiosks, 10 cold rooms and 272 public restrooms, according to Emmanuel Mputu, coordinator of the Central Market construction project, as cited by ACP. That figure is well below the 80,000 stalls announced in 2024 by former Governor Gentiny Ngobila.
The project was financed through a $44.5 million loan from Sofibanque as part of a public-private partnership between the city and Sogema, which contracted Chinese firm SZTC to carry out the construction.
Rental rates for the various spaces have not yet been disclosed. However, the provincial government said former occupants of the central market are expected to be given priority.
Timothée Manoke
International Resources Holding (IRH) is expanding beyond its tin interests in the Democratic Republic of Congo, moving into the copper and cobalt sector in Lualaba province. The UAE-based group, which agreed in 2025 to pay $367 million for a 56% stake in Alphamin Resources — operator of the Bisie tin mine in North Kivu — is now linked to assets in Lualaba.
According to Africa Intelligence, the Emirati group is connected to entities that became partners of state miner Gécamines following mining title transfers in September.
Official documents released in recent weeks show that the Kabulungu project, a copper and cobalt deposit in Lualaba, is now held by Kabulungu Kamilombe Mining (KKM). The joint venture is 40% owned by Gécamines and 60% by Falcon Resources. The records confirm a partial transfer of the asset by Gécamines to Falcon Resources, but make no explicit mention of IRH.
Tailings and waste rock permits
Separate transactions have also involved permits related to mining tailings and waste rock in Lualaba. These assets were transferred to Kongo Mining Company (KMC), a joint venture between Gécamines and Luna Mining. As with the Kabulungu project, public records confirm the transfers and the creation of the entity, but do not establish a direct capital link to IRH.
Africa Intelligence nonetheless reports that both Falcon Resources and Luna Mining are connected to the Emirati group. It also says that KKM and KMC share the same chief executive, Yehezkel Ambar, suggesting operational coordination between the two entities.
In January 2026, 16 memorandums of understanding were signed in Kolwezi between the provincial government and Emirati companies. Authorities said mining was among the sectors covered, though the details of the agreements and the identities of the companies involved have not been disclosed.
These developments come amid a broader push by the United Arab Emirates into African critical minerals. In Zambia, IRH acquired a 51% stake in Mopani Copper Mines for $1.1 billion in 2024. The group is positioning itself across several metals considered strategic for the energy transition, including copper, cobalt, nickel and lithium. IRH’s corporate filings identify it as a subsidiary of 2PointZero, an investment platform within the International Holding Co (IHC) group.
Timothée Manoke
The Democratic Republic of Congo (DRC) could secure $1.882 billion in tourism investments following the inaugural UAE-Africa Tourism Investment Summit held in Dubai from Oct. 25 to 29, 2025, Tourism Minister Didier Mazenga said during a Council of Ministers meeting on April 3, 2026.
According to the official report, a $6 billion portfolio of tourism projects across Africa was selected after the summit. Of that total, $1.882 billion, or 31%, is earmarked for the DRC. Authorities said four projects presented by the country drew interest from Emirati investors.
These include the development of a protected areas circuit in western DRC, covering the Kinshasa Zoological and Botanical Garden, the Mangrove Marine Park in Muanda, Kundelungu National Park, and the Bombo-Lumene Reserve. Other projects include the renovation of the N’sele tourist village, the development of the Muanda-Kinshasa-Kananga road corridor and the Kinshasa-Mbandaka-Kisangani river route, as well as the rehabilitation of the Kitona (Lippens) tourist site.
Details yet to be finalized
At this stage, the funding has not been secured. Mazenga said the process and timeline for accessing the funds will be clarified at a forthcoming summit in Nairobi. In the meantime, the Ministry of Tourism, working with the Ministry of Planning, is preparing technical requirements, including project briefs.
The minister also called for closer coordination with other relevant ministries, including Finance, Budget, Land Affairs, and Infrastructure and Public Works, to help the DRC attract these investments and turn them into tangible projects.
This development comes amid strengthening economic ties between Kinshasa and Abu Dhabi. In February 2026, the DRC and the United Arab Emirates signed a comprehensive economic partnership agreement, along with three memorandums of understanding. Authorities aim to double bilateral trade from $5 billion to $10 billion by 2030.
In recent months, the UAE has shown growing interest in sectors including infrastructure, mining, agriculture, health, energy and tourism. In January 2026, Lualaba province announced 16 agreements with Emirati investors.
For now, the Dubai summit has initiated an investment process that remains under development rather than confirmed funding. The challenge for the Congolese government will be to convert this interest into firm commitments and deliver projects on the ground.
Ronsard Luabeya
Virtus Minerals has finalized the acquisition of Chemical of Africa (Chemaf) for approximately $30 million. The deal was completed on March 27, according to a Wall Street Journal article published on March 31 and relayed on the U.S. company’s website.
The transaction includes a plan to mobilize nearly $720 million to develop the copper and cobalt producer’s projects. The framework includes an initial $200 million contribution from Virtus and its operating partner, India’s Lloyds Metals. A further $475 million is expected from New York-based investment fund Orion Resource Partners, along with about $75 million from other sources.
While these figures point to a substantial financing package, details remain unclear. Work is set to begin in April, with a target to finalize the financing by early next year. The Wall Street Journal reported that Orion declined to comment, and no information has been disclosed on the additional funding sources. It is also unclear whether these commitments are firm or conditional, or whether they involve debt, equity, or hybrid instruments.
Beyond the takeover, restarting Chemaf’s operations will require additional capital. Up to $300 million may be needed to complete expansion projects at the Mutoshi mine in Kolwezi and the Étoile mine in Lubumbashi. These sites are expected to produce around 75,000 tonnes of copper cathodes and 25,000 tonnes of cobalt hydroxide annually.
These funding needs come on top of existing liabilities, raising questions about the overall financing structure. Chemaf’s debt is estimated at nearly $1 billion, including obligations to local subcontractors and commodities trader Trafigura.
No clarity on subcontractor debt
In 2022, Trafigura arranged a $600 million syndicated loan to finance processing capacity expansion and the mechanization of the Mutoshi mine. Virtus said it had reached an agreement with the trader, without disclosing the terms.
By contrast, there is no clarity on the debt owed to local subcontractors, whose total remains unknown. The Wall Street Journal reported that Virtus declined to comment on any plans to settle this debt.
Asked about financing the restart of Chemaf’s operations, Virtus said in a March 13 press release that Congolese authorities had approved the deal after reviewing the transaction structure, the financial capacity of the consortium, and its plans for Chemaf’s activities.
Virtus also indicated that it intended to deliver on its commitments through investments, job creation, and operational results, according to the same release.
The U.S. government has identified the acquisition of Chemaf’s assets by Virtus and its Indian partner as one of three projects critical to implementing the strategic partnership on critical minerals signed with the Democratic Republic of Congo (DRC) on December 4, 2025. The deal forms part of a broader effort to secure supplies of critical minerals amid Chinese dominance. Copper and cobalt are essential for advanced military systems, the energy transition, and the production of batteries for electric vehicles and electronic devices.
However, in practice, the project’s success will depend on the consortium’s ability to secure the announced financing and stabilize operations at sites weakened by illegal mining activity.
Pierre Mukoko
The Democratic Republic of Congo has signed a cooperation agreement with Côte d’Ivoire to support its second General Population and Housing Census (RGPH-2). The deal was signed on April 1, 2026, by the two countries’ planning ministers during an official visit by Congolese Planning Minister Guylain Nyembo.
The agreement follows a donor roundtable held on March 23 in Kinshasa, where more than $200 million in funding was pledged for the census.
Ivorian support, already underway through technical exchanges, is now formalized under the agreement. It will focus on sharing expertise in census organization, as well as logistical, administrative and financial management. The partnership also includes training for Congolese teams. According to Bankable, it will also provide about 3,000 tablets for mapping activities.
The initiative is part of a broader mobilization of technical and financial partners for the RGPH-2. The World Bank is considering total financing of $100 million, including $75 million specifically for the census. The African Development Bank has announced a planned contribution of $80 million.
The United Nations system, notably through the United Nations Population Fund and UNICEF, has mobilized an initial $3 million package. It is also expected to provide technical assistance and financial oversight through a pooled funding mechanism. Congolese authorities have committed $30 million to fund initial operations.
The agreement with Côte d’Ivoire marks a new phase in preparations for the RGPH-2. Kinshasa aims to anchor the project in South-South cooperation while securing broader international support to strengthen the production of demographic data.
Boaz Kabeya
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Two Chinese mining groups that account for a large share of copper and cobalt output in the Democratic Republic of Congo (DRC) are set to help finance the modernization of the TAZARA railway corridor. Backed by Beijing, the project is emerging as a competing export route to the Lobito Corridor, which the United States and the European Union are developing in parallel.
The TAZARA upgrade is valued at more than $1.4 billion, including about $1 billion for rail rehabilitation and $400 million for locomotives and rolling stock. Under the newly disclosed structure, China Civil Engineering Construction Corporation will hold an 80% stake, while CMOC, a Zijin Mining-linked entity, Jiayou International Logistics and COSCO Shipping Holdings will each take 5%, subject to regulatory approval in China.
The participation of mining firms underscores efforts to secure export routes for African minerals as competition between regional corridors intensifies. By backing TAZARA, CMOC and Zijin are reinforcing China’s position along key mineral export routes in southern and central Africa, where major powers are competing for control over copper, cobalt and zinc supply chains.
Through its subsidiaries Tenke Fungurume Mining and Kisanfu, CMOC exported 747,468 metric tons of copper in 2025, according to official Congolese data, accounting for nearly 22% of national exports. Zijin Mining holds an indirect 39.6% stake in Kamoa-Kakula, alongside Ivanhoe Mines at 39.6%, the Congolese state at 20% and Crystal River at 0.8%. The Kamoa complex exported 400,185.59 metric tons of copper in 2025, or about 12% of total exports.
TAZARA as an alternative
Meanwhile, the United States and the European Union are stepping up support for the Lobito Corridor. The project aims to link mining areas in the DRC and Zambia to Angola’s Atlantic port of Lobito through upgraded rail and logistics infrastructure. It is intended to provide a faster, more competitive route for Copperbelt minerals.
According to a November 2025 presentation by Germany’s Federal Institute for Geosciences and Natural Resources, prepared with the Congolese Ministry of Mines, the 1,740-kilometre Lobito Corridor, including 450 km in the DRC and 1,290 km in Angola, is currently the fastest route among major export options. Transit times range from five to eight days, compared with 30 to 32 days to Dar es Salaam, 28 to 34 days to Beira, 29 days to Walvis Bay and 30 to 36 days to Durban.
That advantage could erode as TAZARA is upgraded. The 1,800-kilometre line is widely seen as a viable alternative. The same presentation noted that Lobito is being developed in a competitive regional environment, with several rail extensions and interconnections under consideration, including links with TAZARA.
Limited support for Lobito
For Washington, the project has strategic significance beyond logistics. A December 2025 agreement between the United States and the DRC identifies the Sakania-Lobito route as a key channel for exporting copper, cobalt, zinc and other critical minerals. It requires that, over the next five years, at least 50% of copper, 30% of cobalt and 90% of zinc sold by state-owned mining companies transit through the corridor’s Congolese section.
Despite these advantages, questions remain over the corridor’s long-term viability. The European Centre for Development Policy Management said its success will depend on attracting sufficient volumes beyond geopolitical backing, while the French Institute for International and Strategic Affairs pointed to risks linked to governance, regional coordination and limited commitment from some operators.
So far, Kamoa Copper, which operates the Kamoa-Kakula complex, is among the few major producers to formally commit to the route. A memorandum of understanding signed in February 2024 with Lobito Atlantic Railway covers part of its copper exports. The company shipped its first copper anodes via Lobito in the first quarter of 2026.
“Lobito is still ramping up. This year, we plan to ship between 50,000 and 70,000 metric tons through the corridor, depending on its progress and competitiveness against other routes,” said Olivier Binyingo, chairman of Kamoa Copper, in February.
Pierre Mukoko
Angola’s Infrasat plans to enter the telecommunications market in the Democratic Republic of Congo, the company said after its chairman, Diego de Carvalho, met Digital Economy Minister Augustin Kibassa Maliba in Kinshasa on April 2, 2026.
De Carvalho said Infrasat aims to begin technical operations this year, targeting infrastructure and connectivity services, particularly in underserved areas.
A subsidiary of Angola Telecom specializing in satellite services, Infrasat provides data transmission, high-speed internet and connectivity solutions for remote regions. Founded in 2008, the company relies mainly on satellite technology to expand network coverage in rural and landlocked areas — a largely underserved segment in the DRC.
During the meeting, the company also presented projects to support the country’s digital transformation. “We submitted proposals to support the country as it advances its digital transformation,” de Carvalho said, adding that Congolese authorities showed interest.
Infrasat will enter a competitive market. According to the DRC’s postal and telecommunications regulator (ARPTC), the country had 37 internet service providers in H2 2023, some of which hold multiple licenses. Of these, 33 offered fixed internet services via fiber optic or wireless technologies such as WiMAX and VSAT, while four operators dominated the mobile internet segment.
Underexploited market
According to ARPTC data, mobile internet generated $594 million by end-June 2025, accounting for 52.7% of total sector revenue. During the same period, the number of active users reached 34.5 million, with a penetration rate of 30.79%, while data usage rose 26.91% compared with the first quarter of 2025.
By revenue, Airtel led the market with 41.6%, ahead of Orange (29.5%), Vodacom (24.7%) and Africell (4.1%). By subscribers, Vodacom ranked first with 36.4% of the market, followed by Airtel (30.8%), Orange (29.8%) and Africell (3%).
GSMA projects the DRC will add 15 million new mobile internet subscribers between 2025 and 2030. Since May 2025, Starlink has also been authorized to operate in the country, increasing competition, particularly in satellite internet.
In this context, Infrasat’s move highlights the growing attractiveness of the Congolese market, driven by rising demand, expected network expansion and the increasing importance of connectivity in underserved areas.
Ronsard Luabeya
The Democratic Republic of Congo’s rural electrification agency has increased the planned capacity of a hydropower project near Kananga.
The Agence nationale de l’électrification et des services énergétiques en milieux rural et périurbain (ANSER) now says the Mbombo plant will have a capacity of 20.08 MW, up from 10 MW announced at its official launch in February 2025.
The revision was formalized on April 3, 2026, when ANSER Director General Cyprien Musimar and Angelique International Limited (AIL) Chairman Ajay Krishna Goyal signed a commercial contract.
The agreement marks a new phase for the project, located on the outskirts of Kananga on the Lulua River. When provincial authorities launched construction on Feb. 15, 2025, capacity was still set at 10 MW, with costs estimated at around $35 million. ANSER is acting as the delegated project owner.
According to ANSER, the revised design calls for a plant with four generating units of about 5.02 MW each. The project also includes worker housing, access roads, and transmission infrastructure to deliver electricity to Kananga.
ANSER said the contract paves the way for negotiations on a financing agreement between the Congolese government and a commercial bank. The deal is expected to cover 70% of costs related to equipment supply, construction, installation and commissioning.
The Mbombo project comes amid renewed energy activity in the province. Construction of the Katende hydropower project, in which Angelique International Limited is also involved, resumed in August 2025.
Boaz Kabeya
The Democratic Republic of Congo’s national rural and peri-urban electrification agency, ANSER, said on April 2, 2026 it had signed a contract with German firm Gauff Engineering to carry out an electrification project across 36 territories.
The agency said the agreement follows the finalisation of the project’s financing and the completion of required preliminary steps, including approval of the contract by relevant authorities.
In March 2025, ANSER and Gauff Engineering signed a 150 million euro ($172.8 million) commercial contract in Berlin to build photovoltaic solar plants and mini hydroelectric stations to improve access to electricity in rural and peri-urban areas. At the time, the agency said a financing agreement still needed to be concluded before the project could move forward.
In its latest statement, ANSER said the project’s financing had been approved by Commerzbank’s board, ahead of a financing agreement with the Congolese Ministry of Finance.
The project involves building 230 photovoltaic and mini hydroelectric plants over four years at a total cost of 150 million euros.
Boaz Kabeya