AVZ Discussion 2022
- Thread starter GazDix
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Frank
Top 20
*Fyi,Pardon me for giving FT the benefit of the doubt in his mandate for extinguishing corruption, creating a battery hub and giving the locals a reason to vote for him in the up coming election....
China trip with IGF report in hand to give President evil would of been a great opportunity to do just that.
We will find out soon enuff if FT is Chinas puppet or the real deal.......
Jury is out atm
*Puppet or Real DRC Deal
Frank
Top 20
Pardon me for giving FT the benefit of the doubt in his mandate for extinguishing corruption, creating a battery hub and giving the locals a reason to vote for him in the up coming election....
China trip with IGF report in hand to give President evil would of been a great opportunity to do just that.
We will find out soon enuff if FT is Chinas puppet or the real deal.......
Jury is out atm
Mr Inappropriate
Regular
Mr Inappropriate
Regular
Ok, a serious take this time…
From the president: “This is my dream, this is my wish and I'm ready to do anything to get there”
“Anything”
Anything like:
- Backing the company that has spent $100m proving up a resource when no-one else was interested?
- Backing the company that has followed the law to a T?
- Backing the company that has operated in good faith when all those around have not?
- Backing the laws of the DRC as per the Mining Code?
- Moving to oust corrupt individuals after clear evidence is provided?
- Moving to reverse corrupt actions made by corrupt decision-makers?
- Taking direct action to bring the situation in Manono to a head?
Last edited:
cruiser51
Top 20
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
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/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, 2023Kiki 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.
Xerof
Flaming 1967
'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
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