Public Management

DR Congo to become the 45th African country to join the Silk Road Initiative

Monday, 11 January 2021 17:20
DR Congo to become the 45th African country to join the Silk Road Initiative

(Ecofin Agency) - The Democratic Republic of Congo became the 45th African country to join the Silk Road Initiative. An MoU was initialed in that regard last week between the Chinese foreign minister, Wang Yi, and his Congolese counterpart, Marie Tumba Nzeza, when the Chinese envoy visited the African country.

As a reminder, this initiative, which is valued at several trillion dollars, aims to link China to Europe via Africa. The deal with DR Congo will “strengthen bilateral economic cooperation between the two partners, bring a stronger dynamic to their mutually beneficial exchange, and open new prospects for their relations," the Chinese minister said.

This new move comes at a time when the government of Felix Tshisekedi is trying to strengthen its collaboration with its international partners, to obtain the necessary assistance to revive the economy. To achieve this goal, the Congolese authorities have obtained the cancellation of $28 million of their debt to the Middle Kingdom, in addition to a support of $2 million to the mandate of Tshisekedi to the presidency of the African Union.

The new agreement could also serve as a trigger for additional Chinese investments in the Central African country, whose large mineral reserves should play an important role in the Silk Road project.

The implementation of the new Silk Road has been accompanied by a wave of financing for African countries in recent years. Between 2000 and 2015, China granted no less than $94.4 billion in loans to countries on the continent.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.