Affleck urges US to invest in the DRC

WASHINGTON – Hollywood star Ben Affleck called on Wednesday for targeted investment in the private sector in eastern Democratic Republic of Congo, where he sees a window of opportunity to end a cycle of unrest.

The A-list actor and director, who has founded a non-profit group called the Eastern Congo Initiative and has made repeated trips to the region, advocated the United States shift its priorities in delivering aid, in a hearing at the Senate Foreign Relations Committee.

People would rather be invested in than accept aid, would rather have a job than ….. 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

Will Congo Benefit from Grand Inga Dam?

Three Gorges Dam in China. Advocates argue that the power generated from hydro outweighs any negatives.

Africa’s poorest nation, the Democratic Republic of Congo (DRC), plans to build the world’s largest (and most expensive) hydropower dam, Grand Inga on the Congo River’s Inga Falls. A day before I set forth for the DRC, the huge project took a significant step forward with the signing of a “cooperation treaty” by the DRC and South African governments.

The treaty makes South Africa the principal purchaser of the power generated at Inga III power plant, the first ….. Continue Reading