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Tag Archives: Kabila

[AUDIO] IMF missteps over huge China deal in the Congo proves costly

In 2007 when China’s Exim Bank unveiled a massive $6 billion mining deal in the Democratic Republic of the Congo, it completely rocked the normally-staid world of international development finance. The agreement, known as “The China Deal” or Sicomines, was among the first of these huge Chineese infrastructure-for-resources deals that are now commonplace across Africa. Ten years ago, though, the ... Read More »

[AUDIO] Flash of anti-Chinese xenophobia in the DR Congo

Anti-government protestors filled the streets of the DRC capital Kinshasa on January 19 and 20 to protest against a new election law making its way through the National Assembly. The new law calls for a national census before another presidential election is held which could lead to an unconstitutional extension in office by incumbent president Joseph Kabila. Rioters turned their ... Read More »

[AUDIO] China’s massive mining deal in DRC is back on track

The controversial Sino-Congolese mining deal Sicomines has been revived thanks to new financing from China’s Exim Bank. This is one of Beijing’s biggest natural resources-for-infrastructure deals in Africa. If successful, the deal would net millions of tons in iron ore and cobalt for the Chinese while providing the Congolese with desperately needed infrastructure. Johanna Jansson is widely regarded as the leading ... Read More »

3Qi: China’s landmark Sicomines deal in the DRC

The controversial 2007 Sicomines infrastructure-for-natural resources deal between China and the Democratic Republic of the Congo is a milestone in Sino-Africa ties as it’s one of the largest agreements of its kind on record.  Originally valued at 9 billion dollars (it has seen been reduced), the deal stunned many in the West, particularly at the International Monetary Fund, as it was widely interpreted ... Read More »

[PHOTOS] China’s Infrastructure Building Machine Comes Home

The great Chinese infrastructure parade rolled right under my window and I jumped on the extremely rare opportunity to take some pictures of the operation.  This is quite exceptional in the DR Congo as it is both culturally and legally not permitted to take peoples’ pictures without their permission.  Add to this that Chinese work crews are equally camera shy, ... Read More »