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Congo
Shadow of Glencore hangs over Sassou's re-election bid

The incumbent Congolese president Denis Sassou Nguesso is ardently hoping that he can round off his campaign for a fourth term in office with news that the IMF is going to resume its financial support for the country. But there is still a major sticking point in the negotiations with the Bretton Woods institution: the debt owed by the Congolese state to the trading giant Glencore. [...]

Published on 18/02/2021 at 06:00 GMT Reading time 2 minutes

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Energy, Politics

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Covid-19
Denis Sassou Nguesso
Glencore
International Monetary Fund
Lucien Ebata
Mercuria
Orion
Orion Oil
Societe nationale des petroles du Congo
Trafigura
Worldwide Energy

Central Africa, Chad, Congo
Glencore's two-speed debt talks with Chad and Congo

A creditor of both N'Djamena and Brazzaville, the oil trading giant is facing two very different situations. In Chad, which is seeking debt relief under the terms of the G20's "common framework", Glencore will have to accept the terms negotiated by the country's sovereign creditors.

Subscribers only Politics 08.09.2021

Spotlight | Congo
Oil minister Itoua uses OPEC to help him raise Saudi and UAE funds

Oil minister Bruno Itoua and SNPC chief Raoul Ominga want OPEC secretary general Mohammed Barkindo to intervene on their country's behalf to obtain funds.

Subscribers only Energy 06.09.2021

Mohammed Barkindo, Secretary General of OPEC (foreground, light outfit) was received on August 22 in Congo-Brazzaville by Bruno Jean-Richard Itoua, Congolese Minister of Hydrocarbons, to his left.

Congo
New budget minister Andely picks task force to improve IMF relations

The newly appointed Congolese budget minister Roger-Rigobert Andely has named a select group to reopen communication channels with the IMF and negotiate the disbursement of the second tranche of a loan programme that has been blocked for the past year.

Subscribers only Politics 17.06.2021

The Congolese Minister of Finance, Roger-Rigobert Andely.

Mauritius
Ex-Glencore and Trafigura exec Deon Garbers resurfaces in consulting

Deon Garbers has kept a low profile since he left Katanga Mining in 2018 following investigations into the Glencore subsidiary. But he recently reemerged to set up a consultancy firm in Mauritius.

Subscribers only Mining 25.03.2021

Congo
Sassou Nguesso banks on IMF thaw to gild his re-election

With three weeks to go until the presidential poll, the Congolese government is working hard to clinch a debt rescheduling agreement with Glencore and get the IMF to resume lending.

Subscribers only Politics 04.03.2021

President of Congo Denis Sassou Nguesso.

Africa, France, United Kingdom
Olivier Colom, one of Sarkozy's ex-diplomatic aides, branches into sovereign advisory in Africa

Olivier Colom, closely linked to Egyptian tycoon Naguib Sawiris, who placed him on the board of Endeavour Mining and then at Euronews, previously worked in the diplomatic unit of the Elysée Palace under Nicolas Sarkozy.

Subscribers only Business 03.03.2021

Olivier Colom last year set up a boutique consulting firm specialising in providing financial advice to governments.

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Covid-19
Denis Sassou Nguesso
Glencore
International Monetary Fund
Lucien Ebata
Mercuria
Orion
Orion Oil
Societe nationale des petroles du Congo
Trafigura
Worldwide Energy

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Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Congo
Shadow of Glencore hangs over Sassou's re-election bid

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Central Africa, Chad, Congo
Glencore's two-speed debt talks with Chad and Congo

Spotlight | Congo
Oil minister Itoua uses OPEC to help him raise Saudi and UAE funds

Congo
New budget minister Andely picks task force to improve IMF relations

Mauritius
Ex-Glencore and Trafigura exec Deon Garbers resurfaces in consulting

Congo
Sassou Nguesso banks on IMF thaw to gild his re-election

Africa, France, United Kingdom
Olivier Colom, one of Sarkozy's ex-diplomatic aides, branches into sovereign advisory in Africa

Congo
Mercuria seeks deal on SNPC oil cargoes with Lucien Ebata's Orion

Congo
Sassou Nguesso backs massively ambitious refinery at Pointe-Noire

Congo
Sassou mobilises wife and children for re-election bid

Congo
Brazzaville flies solo in debt talks with traders

Spotlight | Congo, Gabon
Trafigura's grand slam in Congo and Gabon

Congo
Sassou tasks trio to crack open IMF vault

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Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Libya From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal Guns and oil drive Russia's Dakar courtship

Kinshasa's pan-African plans for Grand Inga

Cabo Delgado: a gas Eldorado and security nightmare

East Africa's hotly contested coffee sector

Congo Shadow of Glencore hangs over Sassou's re-election bid

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Set up email notifications for these topics

Central Africa, Chad, Congo Glencore's two-speed debt talks with Chad and Congo

Spotlight | Congo Oil minister Itoua uses OPEC to help him raise Saudi and UAE funds

Congo New budget minister Andely picks task force to improve IMF relations

Mauritius Ex-Glencore and Trafigura exec Deon Garbers resurfaces in consulting

Congo Sassou Nguesso banks on IMF thaw to gild his re-election

Africa, France, United Kingdom Olivier Colom, one of Sarkozy's ex-diplomatic aides, branches into sovereign advisory in Africa

Congo Mercuria seeks deal on SNPC oil cargoes with Lucien Ebata's Orion

Congo Sassou Nguesso backs massively ambitious refinery at Pointe-Noire

Congo Sassou mobilises wife and children for re-election bid

Congo Brazzaville flies solo in debt talks with traders

Spotlight | Congo, Gabon Trafigura's grand slam in Congo and Gabon

Congo Sassou tasks trio to crack open IMF vault

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Congo
Shadow of Glencore hangs over Sassou's re-election bid

Central Africa, Chad, Congo
Glencore's two-speed debt talks with Chad and Congo

Spotlight | Congo
Oil minister Itoua uses OPEC to help him raise Saudi and UAE funds

Congo
New budget minister Andely picks task force to improve IMF relations

Mauritius
Ex-Glencore and Trafigura exec Deon Garbers resurfaces in consulting

Congo
Sassou Nguesso banks on IMF thaw to gild his re-election

Africa, France, United Kingdom
Olivier Colom, one of Sarkozy's ex-diplomatic aides, branches into sovereign advisory in Africa

Congo
Mercuria seeks deal on SNPC oil cargoes with Lucien Ebata's Orion

Congo
Sassou Nguesso backs massively ambitious refinery at Pointe-Noire

Congo
Sassou mobilises wife and children for re-election bid

Congo
Brazzaville flies solo in debt talks with traders

Spotlight | Congo, Gabon
Trafigura's grand slam in Congo and Gabon

Congo
Sassou tasks trio to crack open IMF vault