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Spotlight | DRC
Engen sails into sea of troubles in DRC

The South African oil company is facing a bid by the Congolese state and relatives of the president to take control of its subsidiary. The managing director of Engen DRC has been dismissed and its shareholders are at daggers drawn. [...]

Published on 14/12/2023 at 05:40 GMT Reading time 4 minutes

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Energy

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DRC
Access Bank
Adèle Kahinda Mayina
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Christian Li Hin Kam
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Direction generale de migration
Engen
Engen DRC
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EquityBCDC
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Felix Tshisekedi
Guichet unique de création d'entreprise
Jean-Claude Sungula Biselela
Laurent-Desire Kabila
Marthe Kasalu Jibikilayi
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DRC
Parastatal diamond miner MIBA seeks partners to help it diversify

To relaunch Kasai's 80%-state-owned diamond concern, Jean-Charles Okoto is seeking help from his Chinese-Belgian minority shareholder Asa Resource as well as new partners. He is hoping to expand into new sectors, including nickel mining.

Subscribers only Mining 01.11.2024

DRC
Kinshasa turns to private banks to repay oil companies

Banks are reactivating a financial package tested in 2023 and which helped avoid a fuel crisis so the Congolese government can repay $385m in subsidy arrears to oil operators.

Subscribers only Finance, Energy 02.08.2024

DRC
National electrification agency hopes for funding boost from new Suminwa government

Created in July 2020 by Félix Tshisekedi to tackle the country's low level of electricity supply, ANSER struggled during the president's first term to find the money it needed to achieve its goals.

Subscribers only Infrastructure, Energy 04.07.2024

Spotlight | DRC
Plantations et Huileries du Congo caught up in battle between state and shareholders

This prominent agricultural and industrial company may have bounced back, but the architects of this success, Wale Adeosun and Kalaa Mpinga, who previously worked well together, are now at war. The firm's board has not had its accounts audited since 2021 and has not approved Julia Luhonga's appointment as its chair by the ministry in charge of state assets.

Subscribers only Business 13.06.2024

Nigeria's Wale Adeosun and the DRC's Kalaa Mpinga.

DRC
French ex-PM Manuel Valls appointed president of new Kinshasa think tank

France's former head of government last month visited the Democratic Republic of Congo, where he agreed to take over the presidency of a modest think tank launched by people close to President Félix Tshisekedi.

Subscribers only Business, Diplomacy 01.05.2024

French former prime minister Manuel Valls

Spotlight | DRC
Secret financial intelligence audit into battle against M23

An investigation has shed some light on the millions of dollars paid by the state to private military companies and arms brokers.

Subscribers only Defence, Business 18.04.2024

Soldiers near Beni in north-eastern DRC in December 2021.

DRC
South African oil firm Engen faces fresh crisis in Kinshasa

The oil firm is exasperated by manoeuvres by representatives of the Congolese state, a minority shareholder in its DR Congo subsidiary. A director and cousin of President Félix Tshisekedi is seeking to take control of the company.

Subscribers only Energy 12.02.2024

An Engen petrol station in Lubumbashi on 22 December 2023.

DRC
Kinshasa goes all out to end tiff with Engen

Kinshasa has pulled out all the stops to resolve its squabble with Engen over the South African oil company's subsidiary in DR Congo. The firm was irked by manoeuvres by the Congolese state - a minority shareholder in the subsidiary - to take control.

Subscribers only Energy, Politics 03.01.2024

DRC President Felix Tshisekedi (R) in Beijing, China, 26 May 2023.

DRC
Sonahydroc fears competition for Ango-Ango pipelines concession contract

The concession contract for the Ango-Ango pipelines, a key infrastructure for the supply of petroleum products to west DRC, ends in 2025 and is already sparking interest from several actors.

Subscribers only Energy 04.12.2023

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
Oil and mining poised for shake up after major cull in president's office

In a bid to slim down his teams, Félix Tshisekedi has cut the number of colleges advising him while finding new positions for the top aides who have been dismissed such as Marcellin Bilomba or Michel Eboma Ablavi, who are likely to retain their political influence.

Subscribers only Energy, Mining 16.01.2023

DRC
In the midst of a petrol shortage, "contaminated" shipment causes a stir in Kinshasa

A tanker operating for Petrocam was to supply the Congolese capital's service stations, which have been dry since the beginning of September, within the next few days. However, the 25,000 tonne cargo has now been found to be "contaminated" and "dangerous".

Subscribers only Energy 15.09.2022

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DRC
Access Bank
Adèle Kahinda Mayina
Agence nationale de renseignement
Agricole Mwamba Ntirampeba
Alexandre Ngambi
BGFIBank
Bruno Tshibala
Charles Nikobasa
Christian Li Hin Kam
Cynthia Tshibonge Lemba
Direction generale de migration
Engen
Engen DRC
Engen Holdings
EquityBCDC
FBN Bank
Felix Tshisekedi
Guichet unique de création d'entreprise
Jean-Claude Sungula Biselela
Laurent-Desire Kabila
Marthe Kasalu Jibikilayi
Nicolas Kazadi
O'Neige N'Sele Mimpa
Petronas
Rawbank
Sama Lukonde Kyenge
Sofibanque
Standard Bank
Tony Kanku Shiku
Vitol

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Spotlight | DRC
Engen sails into sea of troubles in DRC

This article may be accessed by subscribers

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Set up email notifications for these topics

DRC
Parastatal diamond miner MIBA seeks partners to help it diversify

DRC
Kinshasa turns to private banks to repay oil companies

DRC
National electrification agency hopes for funding boost from new Suminwa government

Spotlight | DRC
Plantations et Huileries du Congo caught up in battle between state and shareholders

DRC
French ex-PM Manuel Valls appointed president of new Kinshasa think tank

Spotlight | DRC
Secret financial intelligence audit into battle against M23

DRC
South African oil firm Engen faces fresh crisis in Kinshasa

DRC
Kinshasa goes all out to end tiff with Engen

DRC
Sonahydroc fears competition for Ango-Ango pipelines concession contract

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Government at odds over repaying its oil debts

DRC
Oil and mining poised for shake up after major cull in president's office

DRC
In the midst of a petrol shortage, "contaminated" shipment causes a stir in Kinshasa

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

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Spotlight | DRC Engen sails into sea of troubles in DRC

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

DRC Parastatal diamond miner MIBA seeks partners to help it diversify

DRC Kinshasa turns to private banks to repay oil companies

DRC National electrification agency hopes for funding boost from new Suminwa government

Spotlight | DRC Plantations et Huileries du Congo caught up in battle between state and shareholders

DRC French ex-PM Manuel Valls appointed president of new Kinshasa think tank

Spotlight | DRC Secret financial intelligence audit into battle against M23

DRC South African oil firm Engen faces fresh crisis in Kinshasa

DRC Kinshasa goes all out to end tiff with Engen

DRC Sonahydroc fears competition for Ango-Ango pipelines concession contract

DRC Government at odds over repaying its oil debts

DRC Oil and mining poised for shake up after major cull in president's office

DRC In the midst of a petrol shortage, "contaminated" shipment causes a stir in Kinshasa

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Spotlight | DRC
Engen sails into sea of troubles in DRC

DRC
Parastatal diamond miner MIBA seeks partners to help it diversify

DRC
Kinshasa turns to private banks to repay oil companies

DRC
National electrification agency hopes for funding boost from new Suminwa government

Spotlight | DRC
Plantations et Huileries du Congo caught up in battle between state and shareholders

DRC
French ex-PM Manuel Valls appointed president of new Kinshasa think tank

Spotlight | DRC
Secret financial intelligence audit into battle against M23

DRC
South African oil firm Engen faces fresh crisis in Kinshasa

DRC
Kinshasa goes all out to end tiff with Engen

DRC
Sonahydroc fears competition for Ango-Ango pipelines concession contract

DRC
Government at odds over repaying its oil debts

DRC
Oil and mining poised for shake up after major cull in president's office

DRC
In the midst of a petrol shortage, "contaminated" shipment causes a stir in Kinshasa