Ivory Coast works towards Economic Facelift

Ivory Coast has seen dramatic growth and development since the country’s bitter civil war after its 2010 presidential elections.

Ivorian president Alassane Ouattara.

“The growth, by any metrics, has been remarkable. With Cote D’Ivoire, on the one hand, the economic and business environment has accelerated at a rapid pace. Growth is around nine per cent, inflation is lower, fiscal management has improved, foreign investment is flowing in,” Rand Merchant Bank country risk analyst Ronak Gopaldas told CNBC Africa.

“On the other side, on the political insecurity ….. Continue Reading

Remarks by His Excellency Mr Jacob Zuma, President of The Republic of South Africa, at the South Africa-DRC Business Forum, Kinshasa, DRC

29 Oct 2013

President Joseph Kabila Prime Minister Augustin Matata Ponyo Ministers present Captains of Industry Business delegates Program Director Distinguished guests Ladies and gentlemen.

It is a distinct pleasure for me to be addressing the South Africa-DRC Business Forum which marks the advancement of relations between South Africa and the DRC.

In this regard I wish to express my gratitude for the hospitality accorded to me and my delegation so far by His Excellency President Kabila and his Government. Although our countries’ paths to economic prosperity and political independence differ, we now share a common destiny ….. Continue Reading

Kabila opens doors to SA companies

Democratic Republic of Congo (DRC) President Joseph Kabila has told South African companies that his country is open for business and investment.

He was addressing over hundred local business people during the South Africa-DRC Business Forum in the Congolese capital Kinshasa.

The business delegation was accompanying President Jacob Zuma on his state visit to the southern African country. During his stay in the Congo, President Zuma witnessed the signing of the multi-billion rand hydro-power project.

The 80 billion US dollar Grand Inga Dam Project will have the capacity to power almost half of the continent with ….. Continue Reading

SA squeezes water power out of DRC

A new power deal was one of the main agreements signed during President Jacob Zuma’s state visit to his Congolese counterpart, Joseph Kabila.

South Africa has increased its economic footprint in the Democratic Republic of Congo (DRC) with the signing of a power ­purchase agreement for the sale of electricity from the Grand Inga hydroelectric dam to Eskom.

The deal was one of the main agreements signed during South Africa President Jacob Zuma’s state visit to his Congolese counterpart, Joseph Kabila, this week.

Critics of South Africa’s intervention in the DRC were ….. Continue Reading