Xerof
Have a Cigar 1975
'Anything' includes a new Rolex and any random number of brown paper bags, oh, and listening devices
AVZ Discussion 2022
- Thread starter GazDix
- Start date
'Anything' includes a new Rolex and any random number of brown paper bags, oh, and listening devices
From AFR just a bit of background.
Not all journalists there are like Tommy Tit -Head.
www.afr.com
Not all journalists there are like Tommy Tit -Head.
Now it’s China on the losing side in the art of the trade war
China’s ancient military sage would not be impressed with how Beijing has been playing the modern game of trade strategy.
TDITD
Top 20
This thread Matt absolutely smashed it out the park. Those poor CCP puppets got hammered
Mate, you think you are the devil’s advocate. What you lack is common sense and ability to join the dots.
Noted.
2023 may 27
China/DR Congo agreements: China insists on respecting signed contracts (Let's have a look how serious China is) and wants to invest in Congo's battery value chain
“Chinese enterprises to participate in investment in battery value chain development projects”
NEWSECONOMY
China/DR Congo agreements: China insists on respecting signed contracts and wants to invest in Congo's battery value chain
May 27, 2023
Kiki Kienge
By Kiki Kienge
The Congolese Head of State, Félix Tshisekedi has just signed with his Chinese counterpart, Xi Jinping cooperation agreements between their two countries this Friday, May 26, 2023 in Beijing.
According to the Congolese Minister of Foreign Affairs, Christophe Lutundula , the memorandums of understanding are on investment and the ecological exploitation of natural resources, a memorandum of understanding on the exchange and cooperation in matters of information and a memorandum agreement on cooperation in the development of the digital economy.
In particular the promotion of the development of green growth and cooperation between the two national television channels, the CGTN and the RTNC.
SOME PASSAGES FROM THE AGREEMENTS SIGNED BETWEEN THE TWO COUNTRIES
Within the framework of the strategic partnership established by the Joint Commission, promote cooperation in the field of investment in accordance with the rules of the market and the provisions of the contracts signed in this area.
The two sides are willing to promote high-quality development of investment cooperation between the two countries in accordance with market principles and the spirit of the contract.
China will encourage more companies to invest in Congo and participate in the construction of infrastructure, in accordance with the plans drawn up for this purpose and promoted by Congo in order to contribute to the diversification and industrialization of its economy.
China will help Congo implement its digital transformation plan, continue to expand investment and financing cooperation with Congo, strengthen mutually beneficial cooperation in agriculture, processing and manufacturing, as well as the exploration, development and transformation of natural resources in order to increase their added value, and support the Congo in achieving self-reliant and sustainable development.
Congo will further improve the business environment, provide favorable conditions for Chinese enterprises to operate in Congo, and help Congo achieve self-reliant and sustainable development and effectively protect their legitimate rights and interests of Chinese enterprises in DR Congo, while Chinese companies should abide by Congo's laws and regulations.
Congo will regularly assess mining cooperation and consolidate relevant cooperation for the mutual and long-term benefit of both countries.
In the spirit of mutual trust, pragmatism and fairness, problems arising in the course of cooperation should be resolved through friendly consultation.
China will continue to encourage enterprises to accelerate the implementation of agreed infrastructure projects, strengthen mining cooperation with Congo, encourage enterprises to participate in investment in battery value chain development projects in new energy of the Congo, and will support the upgrading of the industrial chain of the Congo and the strengthening of its capacity for independent development.
China insists on respecting signed contracts.........
Chinese companies should abide by Congo's laws and regulations.....
No disrespect to our amazing @Frank , but this is the only article that gives me some hope that AVZ maybe respected in our ongoing shit storm to obtain a ML for Manono , if it can be believed....
The rest of the info i am reading just indicates that FT is strengthening ties with China , which kind of makes me ill and points to what Professor Lumumba is fearing for the future of Africa and indeed DRC ......
I agree Professor...........fuckn PISS WEAK !!!
imo
Frank
Top 20
Chinese contract, the IGF report paves the way for the rebalancing of interests between the two parties
It all started with the damning revelations of the General Inspectorate of Finance (IGF) in its final conclusions of the audit report commissioned by President Félix Tshisekedi on the agreement signed in 2008 between Gécamines and the Group of Chinese companies (GEC), which gave rise to the creation of the Sicomines joint venture.
This report has identified several imbalances that have left no one indifferent on the low income collected by the Government of the Democratic Republic of Congo while the country is the main actor of this collaboration agreement.
According to the IGF, the Congolese state has only benefited from 800 million dollars out of revenues estimated at 10 billion dollars in the operation of SICOMINES.
The IGF also noted several irregularities in this Chinese contract, in particular what it describes as the arbitrary, discriminatory and illegal nature of the fixing as well as the distribution of the share capital undervalued at 100 million USD at the rate of 68% of the shares for the GEC and 32% for the Gécamines group, while article 2 of law n°77/027 of 11/11/1977 specifies that foreign natural or legal persons cannot hold more than 60% of the share capital .
To this end, the IGF pleaded with the competent authorities, in particular the President of the Republic, Félix Tshisekedi, to obtain the revisitation of this contract which caused losses of several million USD for the Congolese Public Treasury.
During the 91ᵉ meeting of the Council of Ministers held on Friday March 17, 2023 in Kinshasa, the President of the Republic, Félix Tshisekedi, had responded favorably to the request of the General Inspectorate of Finance on the revisitation of the collaboration agreement between the Chinese companies and the Congolese government.
Among the motivations that led to this position, Félix-Antoine Tshisekedi mentions cases of non-compliance with the provisions of the contract, non-performance of contractual commitments and subjectivity in certain acts taken by the parties.
To reach this decision, the experts of the Congolese Government, led by the Chief of Staff of the President of the Republic, the sectoral Ministers and the non-governmental organizations and the Chinese party, found themselves around a table on March 22, 2023. Objective: to shed light on this question.
The communication services of the General Inspectorate of Finance had informed that this meeting between the two parties was an opportunity for the IGF to present the conclusions of its investigations and the Chinese party to present its means of defence.
For his first State visit to the People's Republic of China, the President of the Republic, Félix Tshisekedi, and his Chinese counterpart, Xi Jinping have agreed to further promote and carefully preserve the partnership.
"They announced the elevation of Sino-Congolese relations to the level of comprehensive cooperation and strategic partnership, in order to further consolidate political mutual trust, deepen and expand cooperation in various fields", informs the final communiqué sanctioning the meeting between the two Heads of State.
With regard to the discussions initiated, the two parties decided to "maintain consultation and revitalize the China-DRC Joint Economic and Trade Cooperation Commission, an appropriate framework for defining, monitoring and guiding bilateral cooperation, to move forward together global cooperation and strategic partnership”.
It should be recognized that China is an essential economic partner of the Democratic Republic of Congo.
In the first quarter of 2022, the trade balance between China and the DRC was valued at 5.6 billion USD.
For all these reasons, the two States preferred to preserve the achievements of their cooperation and work on adjusting what needs to be improved.
mediacongo
It all started with the damning revelations of the General Inspectorate of Finance (IGF) in its final conclusions of the audit report commissioned by President Félix Tshisekedi on the agreement signed in 2008 between Gécamines and the Group of Chinese companies (GEC), which gave rise to the creation of the Sicomines joint venture.
This report has identified several imbalances that have left no one indifferent on the low income collected by the Government of the Democratic Republic of Congo while the country is the main actor of this collaboration agreement.
According to the IGF, the Congolese state has only benefited from 800 million dollars out of revenues estimated at 10 billion dollars in the operation of SICOMINES.
The IGF also noted several irregularities in this Chinese contract, in particular what it describes as the arbitrary, discriminatory and illegal nature of the fixing as well as the distribution of the share capital undervalued at 100 million USD at the rate of 68% of the shares for the GEC and 32% for the Gécamines group, while article 2 of law n°77/027 of 11/11/1977 specifies that foreign natural or legal persons cannot hold more than 60% of the share capital .
To this end, the IGF pleaded with the competent authorities, in particular the President of the Republic, Félix Tshisekedi, to obtain the revisitation of this contract which caused losses of several million USD for the Congolese Public Treasury.
During the 91ᵉ meeting of the Council of Ministers held on Friday March 17, 2023 in Kinshasa, the President of the Republic, Félix Tshisekedi, had responded favorably to the request of the General Inspectorate of Finance on the revisitation of the collaboration agreement between the Chinese companies and the Congolese government.
Among the motivations that led to this position, Félix-Antoine Tshisekedi mentions cases of non-compliance with the provisions of the contract, non-performance of contractual commitments and subjectivity in certain acts taken by the parties.
To reach this decision, the experts of the Congolese Government, led by the Chief of Staff of the President of the Republic, the sectoral Ministers and the non-governmental organizations and the Chinese party, found themselves around a table on March 22, 2023. Objective: to shed light on this question.
The communication services of the General Inspectorate of Finance had informed that this meeting between the two parties was an opportunity for the IGF to present the conclusions of its investigations and the Chinese party to present its means of defence.
For his first State visit to the People's Republic of China, the President of the Republic, Félix Tshisekedi, and his Chinese counterpart, Xi Jinping have agreed to further promote and carefully preserve the partnership.
"They announced the elevation of Sino-Congolese relations to the level of comprehensive cooperation and strategic partnership, in order to further consolidate political mutual trust, deepen and expand cooperation in various fields", informs the final communiqué sanctioning the meeting between the two Heads of State.
With regard to the discussions initiated, the two parties decided to "maintain consultation and revitalize the China-DRC Joint Economic and Trade Cooperation Commission, an appropriate framework for defining, monitoring and guiding bilateral cooperation, to move forward together global cooperation and strategic partnership”.
It should be recognized that China is an essential economic partner of the Democratic Republic of Congo.
In the first quarter of 2022, the trade balance between China and the DRC was valued at 5.6 billion USD.
For all these reasons, the two States preferred to preserve the achievements of their cooperation and work on adjusting what needs to be improved.
mediacongo
Where is the mention of MANONO regards to IGF ? Never the less, a promising development if true!
BTW Frank.......i sent you a PM ...
"..maintain consultation..."
Says it all really, Your excellency.
Frank
Top 20
Winenut
Go AVZ!
Well put your head between your legs and kiss your arse goodbye....
Just when you thought Chinese intereference in the DRC couldn't get any worse FT decides to double down
Nothing like having a hand in creating a clusterfuck of epic proportions for your people
I have never been less confident of a decent outcome for AVZ than after reading all the material about FT's visit to the great corruptors
Fuck me
China insists on respecting signed contracts.........
Chinese companies should abide by Congo's laws and regulations.....
No disrespect to our amazing @Frank , but this is the only article that gives me some hope that AVZ maybe respected in our ongoing shit storm to obtain a ML for Manono , if it can be believed....
The rest of the info i am reading just indicates that FT is strengthening ties with China , which kind of makes me ill and points to what Professor Lumumba is fearing for the future of Africa and indeed DRC ......
I agree Professor...........fuckn PISS WEAK !!!
imo
I'm afraid that Felix was summoned to Beijing and kindly explained who controls the strings of his purse with compliments, a kiss and a free meal from Xi.
Professor Lumumba's lecture says it all.
50 years ago, as a young traveller, in Nairobi, I was asked, while on the way to my plane to Zürich, if I had any Kenyan shillings left. They were confiscated and I was given a receipt, so I could claim the money back from the Kenyan embassy on arrival at my destination. No alternative possibility to change the money, or to buy goods in the shops at the airport was allowed.
Always travelled with a bundle of small denominations of US dollars (small, because handy and very less chance of counterfeits) in those days.
That was Africa half a century ago, if you listen to professor Lumumba's lecture, not a lot has changed, other than today I always travel with some Visa cards and a smaller bundle of US dollars for cash on my travels.
It is a thirsty affair to travel without being able to buy a beer.
Every country that has an IT department is banning Huawei but the DRC is wanting them to deck out their government offices with state of the art bugging equipment! I am at the stage where I don't give a rats arse what these idiots do or say.They are obviously on a different level of cognitive development. Would be much better for our collective mental health to switch this shit off and wait for the announcements to come from AVZ - good or bad.
There is not much choice, if China pays the bills mate.
Beggars can't be choosers.
It is the reason Felix would be smart to mine the Manono lithium with AVZ.
I would be completely gobsmacked, if these thoughts don't cross Felix's mind after his Beijing jolly.
Remark
Top 20
"I have never been less confident of a decent outcome for AVZ than after reading all the material about FT's visit to the great corruptors.."
Same here, I've pretty much written off my investment in AVZ. I used to be an optimist, now full of suspicion & cynicism.
FT appears weak & only concerned with his own re-election. "Show me proof of corruption & I will act" - someone give Felix a mirror.
The DRC enters the digital age:
The president of the DRC, Félix Tshisekedi announced the successful launch of the DRC's first sattelite, and it's entry into the digital age. A Chinese spokesperson said it was a weather barroon, and western nations should stop interfering in the internal affairs of its colonies.
The president of the DRC, Félix Tshisekedi announced the successful launch of the DRC's first sattelite, and it's entry into the digital age. A Chinese spokesperson said it was a weather barroon, and western nations should stop interfering in the internal affairs of its colonies.
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