Democratic Republic of the Congo: Deals with Chinese investors worth USD6 billion under review

Democratic Republic of the Congo: Deals with Chinese investors worth USD6 billion under review

Democratic Republic of the Congo: Deals with Chinese investors worth USD6 billion under review

Amid concerns that mining contracts with foreign investors are not sufficiently beneficial to the Democratic Republic of Congo, its government is reviewing its ‘infrastructure-for-minerals’ deal with Chinese investors, worth USD6 billion, to make sure they are fair and effective.

Under the current deal, Sinohydro and China Railway agreed to build roads and hospitals in exchange for a 68% stake in the Sicomines venture.

For more information, please see https://www.africalegalnetwork.com/kenya/news/africa-bulletin-stories-matter-october-2021/

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