Browsing: Investment opportunities in DRC

UAE-DRC Gold Mining

Why investors are going to DRC, Africa’s fastest growing economy

Industry and Trade
  • DRC’s agriculture and vast extractive industry are prime targets for global investors. UAE investors have already struck a deal with the Kivu and Maniema Gold Company (SAKIMA).
  • Investors can expect huge returns with DRC estimated to be Africa’s fastest growing economy at 4.7% this year.
  • Through reforms, Kinshasa has cut business opening process to just three days.

While global economic growth is projected to average between 2.7% and 3.2%, the Democratic Republic of Congo (DRC) will be Africa’s fastest growing economy posting 4 percent jump this year.

This high rate of economic growth is getting the eye of investors from across the globe who are eyeing DRC’s promising returns in investments. Which begs the question: What is driving investors into DRC? I set out to find out why.

DRC’s key investment areas

According to this year’s Africa’s Macroeconomic Performance and Outlook report by the African Development Bank Group (AfDB), the …

Angola and DRC

Angola and DRC sign landmark deal on Chevron’s oil block

Countries
  • The signing authorizes the ownership of the Common Interest Zone, with Angola and the DRC each holding a 30% stake. Global energy major Chevron, the block operator, will take a 40% share.
  • The Angola-DRC deal sets terms and general principles for exploration, production sharing, and ownership of the highly promising offshore Common Interest Zone.
  • For Angola, sharing knowledge and expertise with the DRC will not only strengthen their bilateral relations but also power overall growth and stability of the region.

In an historic agreement, Angola and DRC are teaming up for the development of Chevron-owned oil block that will see the exploration, and production of hydrocarbons in the Common Interest Zone located on their maritime border.

The signing ceremony took place on Thursday, July 13th, in Kinshasa, with Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, and the Democratic Republic of Congo’s Minister of Hydrocarbons, Didier Ntubanga, formalizing

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US firm, Kenyan investor Partner to Build world's largest battery plant in DRC www.theexchange.africa

US firm, Kenyan investor partner to build world’s largest battery plant in DRC

Investing

The factory is being developed near the tycoon’s nickel mines and cobalt in the DRC. “This is intended to resolve supply chain concerns in global battery supplies.” The batteries additionally will be utilised to power electric automobiles, bicycles, as well as residential and commercial applications, “Mwale explained.

Between now and 2050, the electric battery business is expected to be worth $45 trillion.

According to OEC, an MIT data analysis organisation, in 2020, electric batteries worth US$67 billion were traded, making them the 38th most-traded item worldwide,…

www.theexchange.africa

Over 2,000 Kenyan, DRC entrepreneurs meet for trade mission in DRC

Banking

The trade mission, which brings together Kenyan and DRC investors and entrepreneurs, will be held in four of DRC’s biggest cities that is, Kinshasa, Lubumbashi, Goma, and Mbuji Mayi.
SMEs will have an opportunity to explore opportunities in DRC through business forums and panel discussions moderated by experts in various fields, site visits to various businesses and locations of interest, networking sessions, and trade exhibitions that will allow businesses to showcase their products and services.
Speaking during the official opening ceremony, Bazaiba expressed delight in seeing two sovereign States from the East and Central Africa region championing the growth and integration of Africa through trade and investment.…