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DRC President to Use $7 bn from a Renegotiated Chinese Mining Deal to Build Roads
By SG Editor·
A rainy day in Lagos showing a flooded street, damaged roads, and vehicles navigating through the water.
In a surprise announcement last weekend, Tshisekedi said that talks between his government and a consortium of Chinese investors over rebalancing the so-called Sicomines mining agreement would bring in $7 billion to the Congolese treasury. The sum represents a huge and possibly transformative opportunity in the impoverished central African country of about 100 million people, where the national budget this year is set to reach $16 billion.