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AVZ Discussion 2022
- Thread starter GazDix
- Start date
Frank
Top 20
*Oh the Irony of it all, So much so ya gotta Laugh when you see and read that Shit imo
When Jules Alingete and his Team from the IGF have gathered in the Felix Tshisekedi amphitheater,
To discuss progress in the Fight against Corruption of all places
Talk about a bit close to home
Not to mention who he tags
None other than B1 & B2
The DRC is truly Bananas
Food for thought
Frank
View attachment 39013
View attachment 39014
*Oh the Irony of it all, So much so ya gotta Laugh when you see and read that Shit imo
When Jules Alingete and his Team from the IGF have gathered in the Felix Tshisekedi amphitheater,
To discuss progress in the Fight against Corruption of all places
Talk about a bit close to home
Not to mention who he tags
None other than B1 & B2
The DRC is truly Bananas
Food for thought
Frank
They will probably take it as a compliment!!
Frank
Top 20
*Fyi, The following is likely to make you all want to either
Launch of the work of the 2ᵉ country risk conference 2023
The Prime Minister, Jean-Michel Sama Lukonde, opened, this Wednesday, June 28, 2023, the second edition of the Country Risk Conference of the Democratic Republic of Congo for the year 2023, in Kinshasa.
Organized by the Ministry of Finance, this conference is an important moment to review the 2023 Country Risk Study report, which aims to map the country's investment risks, a report prepared by Bloomfield investment corporation (BIC), a pan-African rating agency.
Presenting the results of the study, the Chairman and CEO of Bloomfield investment corporation, Stanislas Zeze, combed through the five important elements that have made it possible to better understand the risks that the DRC represents in terms of investments.
These include the business climate, macroeconomic performance achieved by the Government, public finance management, the soundness of the financial system and socio-political risk.
Basically, the Democratic Republic of the Congo improved its rating from 5.1 in 2022 to 5.5 in 2023.
This represents an increase of 40 points.
A positive note which places the DRC in a position of moderate risk for investments.
The Democratic Republic of Congo does not present any obstacle to investments even if a lot of efforts are to be made in improving the business climate.
The Minister of Finance, Nicolas Kazadi, who reacted to this study, was satisfied with the progress made in the DRC.
For him, this positive rating obtained is sufficient testimony to the efforts made by the Sama Lukonde Government in several sectors.
The DRC is therefore on a very positive dynamic economically.
Officially opening the work of this conference, the Prime Minister, Jean-Michel Sama Lukonde thanked the Bloomfield Investment Corporation Agency for the honesty and transparency with which it conducted this study.
The Head of Government welcomed the positive note obtained by the DRC.
However, he stressed the need to place particular emphasis on investments with the private sector.
“I would like to thank Mr. Stanislas Zeze for a second time that he paints us a clear picture of what is the investment risk here in our country.
I salute the honesty with which he made this assessment.
Here is an opportunity for us to look in the mirror and assess how we can improve things where they have not been and project ourselves into a better future.
I would like here, after this evaluation that was given to us and this fortunately progressive rating, going from 5.1 to 5.5, and therefore an increase of 40 points, to mention that the Government's effort to improve not only the business climate, but especially our investment potential, goes in the direction of answering a social question at the highest level, that of the creation of jobs and the creation of wealth.
Here it goes through the diversification of our economy.
We recognize that beyond the efforts we make, the real answer will come from the private sector with the investments we expect.
This is why we are here, to talk about precisely this, the investments that must be made,” said Prime Minister Jean-Michel Sama Lukonde.
It should be noted that this conference gives the floor to key players in the socio-economic environment, during open debates through four panels addressing the main issues raised in the country risk report.
It is therefore a question of leading to reflections making it possible to generate solutions on the various aspects mentioned in the DRC 2023 country risk report.
mediacongo
*Sounds like someone needs to "Enlighten" the Chairman / CEO of Bloomfield investment corporation, Stanislas Zeze on AVZ / Manono imo
Food for thought
Frank
Launch of the work of the 2ᵉ country risk conference 2023
The Prime Minister, Jean-Michel Sama Lukonde, opened, this Wednesday, June 28, 2023, the second edition of the Country Risk Conference of the Democratic Republic of Congo for the year 2023, in Kinshasa.
Organized by the Ministry of Finance, this conference is an important moment to review the 2023 Country Risk Study report, which aims to map the country's investment risks, a report prepared by Bloomfield investment corporation (BIC), a pan-African rating agency.
Presenting the results of the study, the Chairman and CEO of Bloomfield investment corporation, Stanislas Zeze, combed through the five important elements that have made it possible to better understand the risks that the DRC represents in terms of investments.
These include the business climate, macroeconomic performance achieved by the Government, public finance management, the soundness of the financial system and socio-political risk.
Basically, the Democratic Republic of the Congo improved its rating from 5.1 in 2022 to 5.5 in 2023.
This represents an increase of 40 points.
A positive note which places the DRC in a position of moderate risk for investments.
The Democratic Republic of Congo does not present any obstacle to investments even if a lot of efforts are to be made in improving the business climate.
The Minister of Finance, Nicolas Kazadi, who reacted to this study, was satisfied with the progress made in the DRC.
For him, this positive rating obtained is sufficient testimony to the efforts made by the Sama Lukonde Government in several sectors.
The DRC is therefore on a very positive dynamic economically.
Officially opening the work of this conference, the Prime Minister, Jean-Michel Sama Lukonde thanked the Bloomfield Investment Corporation Agency for the honesty and transparency with which it conducted this study.
The Head of Government welcomed the positive note obtained by the DRC.
However, he stressed the need to place particular emphasis on investments with the private sector.
“I would like to thank Mr. Stanislas Zeze for a second time that he paints us a clear picture of what is the investment risk here in our country.
I salute the honesty with which he made this assessment.
Here is an opportunity for us to look in the mirror and assess how we can improve things where they have not been and project ourselves into a better future.
I would like here, after this evaluation that was given to us and this fortunately progressive rating, going from 5.1 to 5.5, and therefore an increase of 40 points, to mention that the Government's effort to improve not only the business climate, but especially our investment potential, goes in the direction of answering a social question at the highest level, that of the creation of jobs and the creation of wealth.
Here it goes through the diversification of our economy.
We recognize that beyond the efforts we make, the real answer will come from the private sector with the investments we expect.
This is why we are here, to talk about precisely this, the investments that must be made,” said Prime Minister Jean-Michel Sama Lukonde.
It should be noted that this conference gives the floor to key players in the socio-economic environment, during open debates through four panels addressing the main issues raised in the country risk report.
It is therefore a question of leading to reflections making it possible to generate solutions on the various aspects mentioned in the DRC 2023 country risk report.
mediacongo
*Sounds like someone needs to "Enlighten" the Chairman / CEO of Bloomfield investment corporation, Stanislas Zeze on AVZ / Manono imo
Food for thought
Frank
Xerof
Is There Anybody Out There 1979
*Fyi, The following is likely to make you all want to either
Launch of the work of the 2ᵉ country risk conference 2023
View attachment 39023
The Prime Minister, Jean-Michel Sama Lukonde, opened, this Wednesday, June 28, 2023, the second edition of the Country Risk Conference of the Democratic Republic of Congo for the year 2023, in Kinshasa.
Organized by the Ministry of Finance, this conference is an important moment to review the 2023 Country Risk Study report, which aims to map the country's investment risks, a report prepared by Bloomfield investment corporation (BIC), a pan-African rating agency.
Presenting the results of the study, the Chairman and CEO of Bloomfield investment corporation, Stanislas Zeze, combed through the five important elements that have made it possible to better understand the risks that the DRC represents in terms of investments.
These include the business climate, macroeconomic performance achieved by the Government, public finance management, the soundness of the financial system and socio-political risk.
Basically, the Democratic Republic of the Congo improved its rating from 5.1 in 2022 to 5.5 in 2023.
This represents an increase of 40 points.
A positive note which places the DRC in a position of moderate risk for investments.
The Democratic Republic of Congo does not present any obstacle to investments even if a lot of efforts are to be made in improving the business climate.
The Minister of Finance, Nicolas Kazadi, who reacted to this study, was satisfied with the progress made in the DRC.
For him, this positive rating obtained is sufficient testimony to the efforts made by the Sama Lukonde Government in several sectors.
The DRC is therefore on a very positive dynamic economically.
Officially opening the work of this conference, the Prime Minister, Jean-Michel Sama Lukonde thanked the Bloomfield Investment Corporation Agency for the honesty and transparency with which it conducted this study.
The Head of Government welcomed the positive note obtained by the DRC.
However, he stressed the need to place particular emphasis on investments with the private sector.
“I would like to thank Mr. Stanislas Zeze for a second time that he paints us a clear picture of what is the investment risk here in our country.
I salute the honesty with which he made this assessment.
Here is an opportunity for us to look in the mirror and assess how we can improve things where they have not been and project ourselves into a better future.
I would like here, after this evaluation that was given to us and this fortunately progressive rating, going from 5.1 to 5.5, and therefore an increase of 40 points, to mention that the Government's effort to improve not only the business climate, but especially our investment potential, goes in the direction of answering a social question at the highest level, that of the creation of jobs and the creation of wealth.
Here it goes through the diversification of our economy.
We recognize that beyond the efforts we make, the real answer will come from the private sector with the investments we expect.
This is why we are here, to talk about precisely this, the investments that must be made,” said Prime Minister Jean-Michel Sama Lukonde.
It should be noted that this conference gives the floor to key players in the socio-economic environment, during open debates through four panels addressing the main issues raised in the country risk report.
It is therefore a question of leading to reflections making it possible to generate solutions on the various aspects mentioned in the DRC 2023 country risk report.
mediacongo
*Sounds like someone needs to "Enlighten" the Chairman / CEO of Bloomfield investment corporation, Stanislas Zeze on AVZ / Manono imo
Food for thought
Frank
Bloomfield appears to be the only African based 'rating agency', based in Ivory Coast. Fuck me, what an endorsement that must be. Go Sama, you're absolutely on fire
@Frank a range of emotions - first I
, then , then
then thought what a pile ofUnderwaterdark
Regular
ICSID Website updated with the pending case details. (unsure if this has already been posted)
icsid.worldbank.org
Pending Cases | ICSID
Attachments
BRICK
Where’s Zeebot 😶🌫️
I guess win or lose is better than limbo forever!
Keep in mine AVZ is not the first to take the DRC Government to the international court
Cumquat Cap
Regular
This nothingness is excruciating, assume we're expecting a TIA update? Hope Nigel writes a book one day i'd love to know the backend machinations once i'm no longer invested
Remark
Top 20
Weren't we waiting for Felix to grow a back bone?
Retrobyte
Hates a beer
Yes, there are two cases where settlements were made in favour of applicants -
First Quantum - no longer operate in the DRC .... https://www.first-quantum.com/English/our-operations/default.aspx
Miminco - I can't find any record of them operating anywhere now
So far the "backend machinations" have all involved a pineapple....
MoneyBags1348
Top 20
@Winenut @Cumquat Cap there’s always something to do fella’s. I’m not sitting around waiting for something to happen or believing the rumours…. I’ve heard them all (negotiations, takeover, cabinet reshuffle etc) and I’ve got my own ideas on how and why they start.
It’s been obvious for months that Mupande and his little band of supposedly powerful corruptors (who have been flying under the radar of late) and members of the government are complicit in the corruption and unlike shareholders who sit around and do nothing I’ve started my own one man war with these arseholes. Thankfully I’ve had a few private messages offering assistance and I’ll just keep accumulating information until I’m ready to send it off to every media, company and official website I can send it to.
Before that I’ll send Ben an email to let him know what investors are up to before getting a response which won’t change anything.
I know there’s shareholders here who don’t support what I do but here’s a little more of what those corrupt arseholes can expect while they try and extort our project away from us and keep trying to convince international investors they are a good place to do business
Foreign Direct Investment in the DRC
The DRC business climate is especially poor, and foreign investors are facing a number of challenges (corruption, lengthy administrative procedures and administrative fees) in establishing their businesses in the DRC.
While there laws protecting investors in the country, the court system is often slow, so disputes can extend for years.
In 2018, the mining code was amended, increasing taxes and royalties, requiring that at least 10% of the capital of mining companies be owned by indigenous citizens, and severely restricting the export of unprocessed minerals under new mining permit.
In addition, the humanitarian and conflict situation in the east of the country and the stormy relations with neighbouring countries (Rwanda, Uganda and Angola) are factors which contribute to persistent insecurity in the country.
In recent years, some of the biggest Chinese mining companies have heavily invested in the country, especially in cobalt and copper mines, with Chinese companies currently owning 15 of the 17 cobalt operations in the DRC.
Weak Points
Several factors hinder the Democratic Republic of Congo’s business climate:
- a difficult business climate (predatory tax agencies, limited access to capital, difficulties enforcing contracts due to the weak judicial system, weak banking sector)
- endemic corruption at all levels of government
- a shortage of skilled labor
- political uncertainty, with ongoing armed conflict in the eastern part of the country
- weak infrastructure (transport, energy, telecommunications)
- high level of poverty
- political instability
It’s been obvious for months that Mupande and his little band of supposedly powerful corruptors (who have been flying under the radar of late) and members of the government are complicit in the corruption and unlike shareholders who sit around and do nothing I’ve started my own one man war with these arseholes. Thankfully I’ve had a few private messages offering assistance and I’ll just keep accumulating information until I’m ready to send it off to every media, company and official website I can send it to.
Before that I’ll send Ben an email to let him know what investors are up to before getting a response which won’t change anything.
I know there’s shareholders here who don’t support what I do but here’s a little more of what those corrupt arseholes can expect while they try and extort our project away from us and keep trying to convince international investors they are a good place to do business
Foreign Direct Investment in the DRC
The DRC business climate is especially poor, and foreign investors are facing a number of challenges (corruption, lengthy administrative procedures and administrative fees) in establishing their businesses in the DRC.
While there laws protecting investors in the country, the court system is often slow, so disputes can extend for years.
In 2018, the mining code was amended, increasing taxes and royalties, requiring that at least 10% of the capital of mining companies be owned by indigenous citizens, and severely restricting the export of unprocessed minerals under new mining permit.
In addition, the humanitarian and conflict situation in the east of the country and the stormy relations with neighbouring countries (Rwanda, Uganda and Angola) are factors which contribute to persistent insecurity in the country.
In recent years, some of the biggest Chinese mining companies have heavily invested in the country, especially in cobalt and copper mines, with Chinese companies currently owning 15 of the 17 cobalt operations in the DRC.
Weak Points
Several factors hinder the Democratic Republic of Congo’s business climate:
- a difficult business climate (predatory tax agencies, limited access to capital, difficulties enforcing contracts due to the weak judicial system, weak banking sector)
- endemic corruption at all levels of government
- a shortage of skilled labor
- political uncertainty, with ongoing armed conflict in the eastern part of the country
- weak infrastructure (transport, energy, telecommunications)
- high level of poverty
- political instability
Foreign direct investment (FDI) in the Democratic Republic of Congo - International Trade Portal
Learn about the foreign investment climate in the Democratic Republic of Congo including information on the country's FDI attractiveness, market disadvantages and FDI support.
www.lloydsbanktrade.com
MoneyBags1348
Top 20
@Winenut @Cumquat Cap there’s always something to do fella’s. I’m not sitting around waiting for something to happen or believing the rumours…. I’ve heard them all (negotiations, takeover, cabinet reshuffle etc) and I’ve got my own ideas on how and why they start.
It’s been obvious for months that Mupande and his little band of supposedly powerful corruptors (who have been flying under the radar of late) and members of the government are complicit in the corruption and unlike shareholders who sit around and do nothing I’ve started my own one man war with these arseholes. Thankfully I’ve had a few private messages offering assistance and I’ll just keep accumulating information until I’m ready to send it off to every media, company and official website I can send it to.
Before that I’ll send Ben an email to let him know what investors are up to before getting a response which won’t change anything.
I know there’s shareholders here who don’t support what I do but here’s a little more of what those corrupt arseholes can expect while they try and extort our project away from us and keep trying to convince international investors they are a good place to do business
Foreign Direct Investment in the DRC
The DRC business climate is especially poor, and foreign investors are facing a number of challenges (corruption, lengthy administrative procedures and administrative fees) in establishing their businesses in the DRC.
While there laws protecting investors in the country, the court system is often slow, so disputes can extend for years.
In 2018, the mining code was amended, increasing taxes and royalties, requiring that at least 10% of the capital of mining companies be owned by indigenous citizens, and severely restricting the export of unprocessed minerals under new mining permit.
In addition, the humanitarian and conflict situation in the east of the country and the stormy relations with neighbouring countries (Rwanda, Uganda and Angola) are factors which contribute to persistent insecurity in the country.
In recent years, some of the biggest Chinese mining companies have heavily invested in the country, especially in cobalt and copper mines, with Chinese companies currently owning 15 of the 17 cobalt operations in the DRC.
Weak Points
Several factors hinder the Democratic Republic of Congo’s business climate:
- a difficult business climate (predatory tax agencies, limited access to capital, difficulties enforcing contracts due to the weak judicial system, weak banking sector)
- endemic corruption at all levels of government
- a shortage of skilled labor
- political uncertainty, with ongoing armed conflict in the eastern part of the country
- weak infrastructure (transport, energy, telecommunications)
- high level of poverty
- political instability
Foreign direct investment (FDI) in the Democratic Republic of Congo - International Trade Portal
Learn about the foreign investment climate in the Democratic Republic of Congo including information on the country's FDI attractiveness, market disadvantages and FDI support.www.lloydsbanktrade.com
I just sent AVZ’s story to Loyds Bank who produced the report above. I think anyone who believes we will get a takeover offer without ownership and the ML sorted is dreaming, so the only thing that will make me back off is the ML now
Last edited:
@Winenut @Cumquat Cap there’s always something to do fella’s. I’m not sitting around waiting for something to happen or believing the rumours…. I’ve heard them all (negotiations, takeover, cabinet reshuffle etc) and I’ve got my own ideas on how and why they start.
It’s been obvious for months that Mupande and his little band of supposedly powerful corruptors (who have been flying under the radar of late) and members of the government are complicit in the corruption and unlike shareholders who sit around and do nothing I’ve started my own one man war with these arseholes. Thankfully I’ve had a few private messages offering assistance and I’ll just keep accumulating information until I’m ready to send it off to every media, company and official website I can send it to.
Before that I’ll send Ben an email to let him know what investors are up to before getting a response which won’t change anything.
I know there’s shareholders here who don’t support what I do but here’s a little more of what those corrupt arseholes can expect while they try and extort our project away from us and keep trying to convince international investors they are a good place to do business
Foreign Direct Investment in the DRC
The DRC business climate is especially poor, and foreign investors are facing a number of challenges (corruption, lengthy administrative procedures and administrative fees) in establishing their businesses in the DRC.
While there laws protecting investors in the country, the court system is often slow, so disputes can extend for years.
In 2018, the mining code was amended, increasing taxes and royalties, requiring that at least 10% of the capital of mining companies be owned by indigenous citizens, and severely restricting the export of unprocessed minerals under new mining permit.
In addition, the humanitarian and conflict situation in the east of the country and the stormy relations with neighbouring countries (Rwanda, Uganda and Angola) are factors which contribute to persistent insecurity in the country.
In recent years, some of the biggest Chinese mining companies have heavily invested in the country, especially in cobalt and copper mines, with Chinese companies currently owning 15 of the 17 cobalt operations in the DRC.
Weak Points
Several factors hinder the Democratic Republic of Congo’s business climate:
- a difficult business climate (predatory tax agencies, limited access to capital, difficulties enforcing contracts due to the weak judicial system, weak banking sector)
- endemic corruption at all levels of government
- a shortage of skilled labor
- political uncertainty, with ongoing armed conflict in the eastern part of the country
- weak infrastructure (transport, energy, telecommunications)
- high level of poverty
- political instability
Foreign direct investment (FDI) in the Democratic Republic of Congo - International Trade Portal
Learn about the foreign investment climate in the Democratic Republic of Congo including information on the country's FDI attractiveness, market disadvantages and FDI support.www.lloydsbanktrade.com
"I’ve started my own one man war with these arseholes"
Keep fighting the good fight MB!
More power to you
MoneyBags1348
Top 20
"I’ve started my own one man war with these arseholes"
View attachment 39031
Keep fighting the good fight MB!
More power to you
That being the case mate there is absolutely no reason TBBODOT asx shouldn't release an announcement telling us exactly what's gone on and what the plan is going forward. Imo
Azzler
Top 20
Yeah this so much, agonising at times.
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