Via Ventures Africa, some analysis of extractive industry challenges being faced by the DRC: The Democratic Republic of Congo (DRC) is considered one of sub-Saharan Africa’s poorest countries. Its GDP per capita estimated at $400, one-tenth that of the Republic of Congo. In terms of export dollars, in 2012 the mineral rich DRC stood $1.07 […]
Read more »Via Foreign Policy, an interesting article on the business of beer in the Democratic Republic of Congo: It’s a June night in Kinshasa, and rapper JB Mpiana’s weekly VIP bash is just starting to heat up. Toned groupies splash like mermaids in a sunken pool. Middle-aged businessmen perch on the ledge above to watch. A […]
Read more »Via Capitalist Exploits, an interesting comparison of In 1997 the Congo, known formerly as Zaire, was in the midst of an all-out blood spilling, slaughtering, raping, no-holds-barred war. Few investors were brave enough to put not only their capital on the line but certainly their own precious selves too. In May of that same year […]
Read more »Via Stratfor (subscription required), an excellent analysis of how the rugged terrain of Sub-Saharan Africa prevents industrialization and modern infrastructure from taking hold and engenders chronic political instability. As a result, the article notes, most foreign investment goes to resource extraction, especially offshore projects protected from the disruptions that are rife on land: “…Foreign direct […]
Read more »From The International Herald Tribune, an interesting article on how ‘vulture’ investors may be making an unlikely & unanticipated contribution in the fight against corruption in developing countries such as the Republic of Congo. While I tend to view creditor litigation against developing countries as somewhat distasteful, given the development & economic burdens such nations […]
Read more »Via TerraDaily, an article on China’s active engagement of the Democratic Republic of Congo, a troubled nation with huge but largely untapped natural resources such as 34 percent of the world’s known cobalt reserves, 10 percent of its copper, vast forests full of timber and a treasure trove of gold and diamonds. This is just […]
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