Frank
Top 20
*Fyi, Thing's are Heating Up at the G7 with more & more Eyes focused on the DRC atm, asI think it was longer than two years ago. AVZ was supposedly paying for upgrades to it and before that I think Huayou were supposed to be carrying out the infrastructure.
Anyway that’s enough stories and comments from me, now I’m back from suspension I might have to try a bit harder not to make an arse of myself
DRC offers 4 infrastructure investment opportunities, say G7 leaders
The G7 summit was organized this year, from May 17 to 21, 2023, in Hiroshima, Japan.
On this occasion, the leaders of the Group of Seven affirmed their commitment to identify new opportunities to evolve the Partnership for Global Infrastructure and Investments (PGII).
In their analysis, the G7 leaders note four opportunities that would benefit the Democratic Republic of Congo (DRC) under the Global Infrastructure and Investment Partnership (PGII).
The discussion on these different opportunities was launched at the initiative of US President Joe Biden.
They relate in particular to major investments to better meet the global demand for financing high-quality infrastructure in low- and middle-income countries.
The four opportunities for the DRC
First, investments in key economic corridors
Here, it is about creating and strengthening economic corridors that connect economies through key transport infrastructure.
It is also about producing clean electricity that is more affordable, reliable and accessible to all; provide rural communities with information and communication technology (ICT) network solutions; to integrate agricultural poles to increase regional food security, improve access to health care; and aggregating demand for clean energy solutions to power these corridors and serve local communities.
The Lobito Corridor was chosen.
With an initial investment in a rail expansion, this corridor could become the main open-access transport infrastructure linking the Democratic Republic of Congo (DRC) and Zambia to global markets via Angola.
It should also be highlighted that the Partnership for Global Infrastructure and Investments (PGII) is actively seeking additional opportunities to connect initial Lobito Corridor investments with the wider continent, Tanzania and ultimately the Indian Ocean.
Second, the Rail Consortium
It should be noted that the United States International Development Finance Corporation (DFC) is currently conducting due diligence for a potential financing package of $250 million to fund the Lobito Atlantic Rail Corridor.
This railway line is open access from the port of Lobito in Angola to the DRC border.
The deal would be DFC's first investment in the rail sector on the continent.
This is the first step in connecting Angola to the DRC.
This can develop the commercial and economic activity of two countries so as to promote greater potential investment in agriculture, digital infrastructure and greater access to electricity.
Third, digital infrastructures
In this regard, it should be noted that the DFC, the United States Agency for International Development (USAID) and the United States Trade and Development Agency (USTDA) fund investments in digital infrastructure and improving access to digital services in Angola and the Democratic Republic of Congo (DRC).
Building on existing DFC financing for telecommunications provider Africell in the DRC, Sierra Leone and The Gambia, US EXIM is continuing its due diligence work for a new transaction to expand wireless services, and l USAID Announces Digital Payments Initiative with Africell in Angola.
These two projects aim to bring fast and reliable internet to individuals and businesses across the Lobito Corridor and expand access to mobile money services in rural areas.
Quarto, the expansion of the fiber optic network
In the Democratic Republic of Congo, USTDA and USAID are providing support as part of the first steps to facilitate the expansion of last mile connectivity with Jenny Internet, the expansion of the fiber network to connect more than 30 cities with Bandwidth and Cloud Services Group, expanding rural internet connectivity for half a million people with DRC-based internet service provider Global Broadband Solution SARL, and piloting the company's Open Radio Access Networks equipment American Parallel Wireless with Vodacom RDC in five villages.
During the eight working sessions of this Summit, the leaders of the G7 also addressed some main issues such as Russia's aggression against Ukraine, the case of the DRC, dialogue with partners at the international level, disarmament and nuclear non-proliferation, economic resilience and security, climate, energy and environment, food, health and development.
The G7 summit is a forum that plays an important role in shaping global responses to global challenges, complementing the global economic coordination provided by the G20.
This summit brings together leaders from the European Union and the following countries: Canada; France ; Germany ; Italy, Japan; United Kingdom, United States.
mediacongo
Thing's that make you go Hmm
Food for thought
Cheers
Frank
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