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Spotlight | DRC
Prosecutor opens investigation into $300m finance ministry account

Last month in the utmost secrecy, the Kinshasa prosecutor's office opened an investigation into an account held by the finance ministry at the First National Bank containing over $300m. It is a sensitive case that could involve irregular transactions. [...]

Published on 27/05/2022 at 06:00 GMT Reading time 2 minutes

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Politics

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DRC
African Development Bank
Bonheur Luntaka Madi
Central Bank of Congo
Central Coordination Office
CitiBank
Denis Kadima
EquityBCDC
Felix Tshisekedi
First National Bank
Independent National Electoral Commission
Inspection Generale des Finances
International Monetary Fund
Jean Mabi Mulumba
Jules Alingete Key
Nicolas Kazadi
Rawbank
Rose Mutombo Kiese
Sofibanque
World Bank

Spotlight | DRC
Samcrete gears up for multi-million dollar arbitration against Kinshasa

The Egyptian civil engineering company is beginning to put a figure on the millions of dollars it will be claiming from the DRC over its contract to build a road between Mbuji-Mayi and Kananga.

Subscribers only Infrastructure 07.12.2023

DRC president Félix Tshisekedi and his Egyptian counterpart Abdel Fattah al-Sisi.

DRC
Kinshasa in hot seat with lawyers over $12bn oil dispute in Paris

The Paris Court of Appeal has agreed to adjourn a trial between GEPECO and the Congolese state until January at the request of the latter's lawyers, who are still waiting to be paid for their work during the first trial of the ongoing legal battle.

Subscribers only Energy 21.11.2023

DRC
Government at odds over repaying its oil debts

Several senior figures in the DRC administration are against proposed arrangements for reimbursing $438m that was used to subsidise petrol prices in 2022. But failure to find a rapid solution could result in fuel shortages and unwanted political consequences.

Subscribers only Finance, Energy, Politics 09.11.2023

DRC
Elysée Dimandja Feza to head up sustainable forests scheme

RDC | Le Programme de gestion durable des forêts (PGDF) va pouvoir enfin démarrer opérationnellement avec la nomination à sa tête d'Elysée Dimandja Feza, activiste féministe et ancienne députée.

Subscribers only Politics 12.07.2023

East Africa
From Addis to Windhoek, Chinese construction firms hunt in packs

Despite widespread project delays and contract breaches in Africa, Chinese construction companies remain bullish and are drawing up new strategies.

Free access Infrastructure 27.06.2023

DRC
World Bank puts pressure on Kinshasa

Three projects funded by the World Bank to the tune of a billion dollars face possible interruption. The international institution is unhappy with DR Congo President Félix Tshisekedi's decision to dissolve the country's social fund and replace it with a new entity.

Subscribers only Politics 16.05.2023

DRC
Infuriated by "judical harrassment", banks set to appeal to Tshisekedi

The Association congolaise des banques, which assembles all the country's banks is preparing to call on DRC President Félix Tshisekedi regarding the administrative and above all judicial harassment of which its members feel they are victims.

Subscribers only Finance 04.04.2023

DRC
M23 rebels force massive rise in DRC military spending

The resurgence of M23 rebels is costing the DR Congo army a fortune in military expenditure. But despite the massive increase in funding - from $459m in 2021, to $700m in 2022 - the Congolese army is failing to subdue the insurgents.

Subscribers only Defence, Finance 14.02.2023

DRC
IMF prepares fourth review of credit programme with Kinshasa

The IMF is due to send a team to Kinshasa in the next few days to plan the continuation of its Extended Credit Facility arrangement with the DR Congo.

Subscribers only Finance, Diplomacy 07.02.2023

DRC
$42m dispute between SCTP and Agemi

In dispute with the Congolese public infrastructure company SCTP since 2015, the construction company Agemi has embarked on a legal battle to enforce a ruling handed down in February by the Matadi court of appeal.

Subscribers only Business 10.01.2023

DRC
Sada Motors ordered to respect its state contract

The finance inspectorate has given Sada Motors until the end of February to fulfil its contractual obligations to deliver 167 vehicles, mainly luxury models, to some thirty #DRC diplomatic representations around the world.

Subscribers only Politics, Business 05.01.2023

DRC
$15m luxury cars contract for DRC's embassies awarded to finance minister Kazadi's brother

DR Congo's foreign affairs minister Christophe Lutundula signed a contract in December 2021 for the delivery of 167 vehicles to embassies around the world. The deal was awarded to Sada Motors, a company in which the finance minister's brother Nicola Kazadi is a minority shareholder.

Subscribers only Business, Diplomacy 12.12.2022

DRC
Tshisekedi's intriguing new aircraft brokers

A new company has been set up whose ostensible purpose is to acquire aircraft for the Congolese leader's second presidential bid in December 2023. Pulling the strings of this discreet enterprise is a 'friend' who previously navigated the murky business waters of Gaddafi's Libya.

Subscribers only Politics 01.12.2022

DRC
M23 clashes complicate voter enrolment process

Voter registration for the DRC's presidential and legislative elections scheduled for the end of 2023 is complicated, particularly in the east, due to the security crisis linked to clashes between the M23 rebels and the army.

Subscribers only Politics 22.11.2022

DRC
Tshisekedi in market for two helicopters and King Air 200

Félix Tshisekedi devrait prochainement réceptionner deux hélicoptères civils H130 (Airbus Helicopters) et un avion bimoteur Beechcraft King Air modèle 200.

Subscribers only Politics, Business 10.11.2022

DRC
Congolese authorities accept $60m tax deal from telecom firms

The four telephone operators active in DR Congo - Airtel RDC, Vodacom RDC, Orange RFC and Africell RDC - have agreed to pay $60m to settle their tax bills with the authorities.

Subscribers only Business 26.10.2022

DRC
Minister Nicolas Kazadi hires consultancy for $1.2m

The government in Congo has hired a new US consulting firm.

Subscribers only Politics 13.10.2022

Central Africa, DRC
Elections 2023: INEC's financing still a bone of contention

Doubts remain over whether the timetable for elections scheduled in the DRC at the end of 2023 will be respected. Denis Kadima, head of the Independent National Electoral Commission (INEC), regularly rants in private about the pace of the Ministry of Finance's disbursements.

Subscribers only Politics 03.10.2022

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DRC
African Development Bank
Bonheur Luntaka Madi
Central Bank of Congo
Central Coordination Office
CitiBank
Denis Kadima
EquityBCDC
Felix Tshisekedi
First National Bank
Independent National Electoral Commission
Inspection Generale des Finances
International Monetary Fund
Jean Mabi Mulumba
Jules Alingete Key
Nicolas Kazadi
Rawbank
Rose Mutombo Kiese
Sofibanque
World Bank

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Ivory Coast
French investigation sends tremors through Abidjan's political class

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

Spotlight | DRC
Prosecutor opens investigation into $300m finance ministry account

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Set up email notifications for these topics

Spotlight | DRC
Samcrete gears up for multi-million dollar arbitration against Kinshasa

DRC
Kinshasa in hot seat with lawyers over $12bn oil dispute in Paris

DRC
Government at odds over repaying its oil debts

DRC
Elysée Dimandja Feza to head up sustainable forests scheme

East Africa
From Addis to Windhoek, Chinese construction firms hunt in packs

DRC
World Bank puts pressure on Kinshasa

DRC
Infuriated by "judical harrassment", banks set to appeal to Tshisekedi

DRC
M23 rebels force massive rise in DRC military spending

DRC
IMF prepares fourth review of credit programme with Kinshasa

DRC
$42m dispute between SCTP and Agemi

DRC
Sada Motors ordered to respect its state contract

DRC
$15m luxury cars contract for DRC's embassies awarded to finance minister Kazadi's brother

DRC
Tshisekedi's intriguing new aircraft brokers

DRC
M23 clashes complicate voter enrolment process

DRC
Tshisekedi in market for two helicopters and King Air 200

DRC
Congolese authorities accept $60m tax deal from telecom firms

DRC
Minister Nicolas Kazadi hires consultancy for $1.2m

Central Africa, DRC
Elections 2023: INEC's financing still a bone of contention

DRC
Electoral commission head grapples with question of diaspora vote

DRC
Kinshasa launches audit of petroleum products as fuel shortage kicks in

Spotlight | DRC
Kinshasa under pressure from US and EU as 2023 election complications loom

DRC
ANSER to steer implementation of 300 power plants for '145 territories' development project

DRC
Kinshasa orders Afriland to pay treasury millions levied on transporters

DRC
Tshisekedi ready for digital revolution if it pleases major financial backers

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Indigo Publications' websites

Ivory Coast French investigation sends tremors through Abidjan's political class

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

The generals waging war from Khartoum to Darfur

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Kinshasa's pan-African plans for Grand Inga

Spotlight | DRC Prosecutor opens investigation into $300m finance ministry account

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Spotlight | DRC Samcrete gears up for multi-million dollar arbitration against Kinshasa

DRC Kinshasa in hot seat with lawyers over $12bn oil dispute in Paris

DRC Government at odds over repaying its oil debts

DRC Elysée Dimandja Feza to head up sustainable forests scheme

East Africa From Addis to Windhoek, Chinese construction firms hunt in packs

DRC World Bank puts pressure on Kinshasa

DRC Infuriated by "judical harrassment", banks set to appeal to Tshisekedi

DRC M23 rebels force massive rise in DRC military spending

DRC IMF prepares fourth review of credit programme with Kinshasa

DRC $42m dispute between SCTP and Agemi

DRC Sada Motors ordered to respect its state contract

DRC $15m luxury cars contract for DRC's embassies awarded to finance minister Kazadi's brother

DRC Tshisekedi's intriguing new aircraft brokers

DRC M23 clashes complicate voter enrolment process

DRC Tshisekedi in market for two helicopters and King Air 200

DRC Congolese authorities accept $60m tax deal from telecom firms

DRC Minister Nicolas Kazadi hires consultancy for $1.2m

Central Africa, DRC Elections 2023: INEC's financing still a bone of contention

DRC Electoral commission head grapples with question of diaspora vote

DRC Kinshasa launches audit of petroleum products as fuel shortage kicks in

Spotlight | DRC Kinshasa under pressure from US and EU as 2023 election complications loom

DRC ANSER to steer implementation of 300 power plants for '145 territories' development project

DRC Kinshasa orders Afriland to pay treasury millions levied on transporters

DRC Tshisekedi ready for digital revolution if it pleases major financial backers

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Ivory Coast
French investigation sends tremors through Abidjan's political class

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

Spotlight | DRC
Prosecutor opens investigation into $300m finance ministry account

Spotlight | DRC
Samcrete gears up for multi-million dollar arbitration against Kinshasa

DRC
Kinshasa in hot seat with lawyers over $12bn oil dispute in Paris

DRC
Government at odds over repaying its oil debts

DRC
Elysée Dimandja Feza to head up sustainable forests scheme

East Africa
From Addis to Windhoek, Chinese construction firms hunt in packs

DRC
World Bank puts pressure on Kinshasa

DRC
Infuriated by "judical harrassment", banks set to appeal to Tshisekedi

DRC
M23 rebels force massive rise in DRC military spending

DRC
IMF prepares fourth review of credit programme with Kinshasa

DRC
$42m dispute between SCTP and Agemi

DRC
Sada Motors ordered to respect its state contract

DRC
$15m luxury cars contract for DRC's embassies awarded to finance minister Kazadi's brother

DRC
Tshisekedi's intriguing new aircraft brokers

DRC
M23 clashes complicate voter enrolment process

DRC
Tshisekedi in market for two helicopters and King Air 200

DRC
Congolese authorities accept $60m tax deal from telecom firms

DRC
Minister Nicolas Kazadi hires consultancy for $1.2m

Central Africa, DRC
Elections 2023: INEC's financing still a bone of contention

DRC
Electoral commission head grapples with question of diaspora vote

DRC
Kinshasa launches audit of petroleum products as fuel shortage kicks in

Spotlight | DRC
Kinshasa under pressure from US and EU as 2023 election complications loom

DRC
ANSER to steer implementation of 300 power plants for '145 territories' development project

DRC
Kinshasa orders Afriland to pay treasury millions levied on transporters

DRC
Tshisekedi ready for digital revolution if it pleases major financial backers