contracts

NAIROBI, Kenya (AX) — In a move aimed at breathing new life into Mogadishu's arterial roads, Somalia has inked contracts with four top-tier construction firms. These agreements, part of an ambitious infrastructural facelift, underscore a pivotal step in the nation's quest for economic vitality and development. The bustling Banadir Regional Administration headquarters hosted the signing ceremony on Tuesday. It was here that the intricacies of the Nagaad Project were brought into the limelight, courtesy of the Ministry of…

What happened to the money from Chinese contracts in the Democratic Republic of Congo? According to a Congolese NGO, Afrewatch, the state would largely be the loser in what had been described in 2008 as the "contract of the century". A consortium of Chinese companies would grant $ 6 billion in loans to the country and enjoy privileged access to its mineral resources. Afrewatch investigated this "mine…

In 2008, Beijing granted a number of loans to the Democratic Republic of Congo to begin operations of Sicomines, the Sino-Congolese three way partnership, but additionally to construct infrastructure within the nation. This is known as the "Chinese language contract" or the "Sino-Congolese contract". And final week, whereas visiting the previous Katanga province, President Felix Tshisekedi expressed his…

The various Memoranda of Understanding and Mining Contracts required by the International Monetary Fund have been published. They concern both companies, Sokimo and Miba. These contracts were signed under the chairmanship of Felix Tshisekedi, their publication was a precondition for the opening of negotiations with a view to signing a three-year plan with the IMF. What do these contracts say?…