China invest $7 billion into DR Congo in revised minerals for infrastructure agreement
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- čas přidán 31. 01. 2024
- China invest $7 billion into DR Congo in revised minerals for infrastructure agreement - Chinese to invest $7 billion into DR Congo in revised minerals for infrastructure agreement - It is common knowledge that The Democratic Republic of the Congo (DRC) and China have fostered a robust and mutually beneficial relationship for decades. China has been the DRC's largest trading partner and source of foreign investment for years, with trade heavily focused on resource exchange. The DRC benefits from China's infrastructure development projects, including roads, bridges, and hospitals, funded through "resource-for-infrastructure" deals. China, in turn, secures access to the DRC's vast mineral wealth, particularly cobalt, crucial for its tech industry. This cooperation extends beyond resources, with China providing scholarships, medical aid, and agricultural expertise to the DRC. And now these cordial partners have written the latest chapter in their storied history of cooperation by revamping a nearly two-decades-old minerals-for-infrastructure contract that is set to offer more benefits of up to $7 billion to the DRC in exchange for its resources. What are the terms of this contract? And why is the DRC renegotiating its minerals-for-infrastructure agreement with China? In today's video, we will shed more light on these questions and many more.
On Saturday, January 27th, 2024, The Democratic Republic of Congo and its Chinese investors announced in a statement that the DRC is set to receive $7 billion in financing "mainly intended for the construction of national roads" as part of a revamped minerals-for-infrastructure contract with China. The accord will give the DRC's state miner Gecamines a 1.2% royalty on the proceeds of a copper-cobalt venture known as Sicomines and the right to market 32% of its output. Moreover, both parties will co-manage the Busanga Power Plant, "with 60% of the shares for the Chinese Party and 40% for the DRC. This current agreement is an updated version of a minerals-for-infrastructure document signed in April 2008 between then-DRC President Joseph Kabila and the Chinese government. Under that agreement, Chinese partners committed to building roads and hospitals in exchange for a 68% interest in the joint venture with Congo's national mining corporation Gecamines. Chinese investors also promised to spend $3 billion on infrastructure projects. However, after more than 15 years, the DRC, now led by the recently reelected Felix Tshisekedi, has taken China back to the negotiation table to restructure the past minerals-for-infrastructure contract to ensure that Congo gets more value for its resources.
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Well done President Tshisekedi. DRC has been ripped off way too long! Bad greedy and selfish leadership earlier.
Kagame and Museveni will never rest
If the deal is in good faith, I for it! But, the DR must have its people trained for the jobs and beyond. 😎
China will never. They will do a terrible job and they hide the technology from Africans. They did the same thing in Cameroon.
Turkish companies that are doing infrastructure projects are also training locals. In the recently finished business centre project,they had about 150 local workers with Turkish workers,but as the project headed to home stretch,they gradually increased local workers to finish it off. So they are sharing skills.
The percentages are not impressive at all.
Why would china take 60% for heavens sake?
It should have been 60% for Congo and 40% for China.
Though this are good efforts. In future the negotiation should be better
@@ronaldmadziro5679impressive. Also in the minding sectors hoping the Congolese are being trained there and as time goes by the majority of the engineers will be Congolese professionals.
but CHINA is also processing the COBALT in CONGO... that's the GREEN Substance you see moving on that rubber belt... plus more than 80% of Workers are CONGOLESE.@@niyo2388
DRC is reputed to have
30 Trillion dollars in mineral resources. 7 billion is a small amount. Monitor how much minerals are taken out and compare to what is given in return.
Yes I agree but let’s have faith that Congo is on the map. ❤❤❤. 🇨🇩 🇨🇲 🇰🇪 🇧🇫 🇳🇪 🇿🇦 🇳🇬 🇲🇱 🇬🇭 🇪🇹 🇦🇴 🇲🇿
Yes this deal is only with Chinese, there are other deals with other nation bro use your common sense
China won't take all the resources in DRC. It's simple, give wat you have to get wat u want in fair deals.
Glencore _(EU Company)_ owns almost all of DRC and Surrounding country Mine Fields.... China only owns 1 Mine Field..... I don't know how DRC going to do this deal.... Glencore is back by US and EU Military and it controls most of Politicians in Africa. 🤔
@@r01dtox15 glencore dont own all but they do own most of the mines we know of. There are a lot of mines which are mined by local population with bare hands. Majority of the mines are under developed. Congo is very very rich in resources, So if Glencore operating or owning a mine mining Cobalt it does not stop the chines from operating or owning a mine mining the same thing (Cobalt).
And no Chinese don’t just own or operate 1 mine, they are involved in few example Cobalt, Coltan, Copper, and oil.
Great 👍 move Congo 🇨🇩 may GOD BE WITH UR GOOD PLAN FOR UR PEOPLE 🙏 and for China 🇨🇳 🙏 thank u for the helping hand for Africa 🌍 ❤❤❤❤
You call that great move?
Oh Africa!!!
Congo needs to process it's cobal, copper, gold tantalum etc. Stop enriching other people st the expense of our own people.
Thats also what they're working on according to the president. They working on a joint venture with another African country
Props to China and this Congo leadership. If this was a deal with the West, it would have been 80/20 if not 90/10. with no renegotiation.
And they would not have done anything.
We need stronger army to keep the country safe u Mrs man
Go and join the army as well instead of trying to look clever on CZcams.
FELIX is following the advices of the US, he's doing a very big Mistake.
I like it. You must have a true PARTNER. A fair PARTNER, for this relationship can last for many many years. The leadership of the DRC must have a strong plan for their young population. The WEALTH must be cultivated so the DRC peoples can advance for generations to come 🎉
Congratulations 🎉🎊 ❤. Congo 🇨🇩 is back
When all the minerals are finished is when you will suffer from a real Poverty. Beacause they will start to recycle the minerals in their countries while you have nothing left in the drc..
YESS FINALLY MY HOME HAS OPENED THEIR EYES AND SEIZING THE OPPORTUNITY TO GROW!!!🇨🇩✨✨✨✨✨✨✨✨✨✨✨✨
Yes. Your leaders are wise. Your leaders did not believe on the BS that the Western are warning Africans of the "debt trap".
👍👍👍
This 7 billion will not go to anybody but the politicians let’s be honest here. Hopefully Congo can remove Fatshi and get real leadership
@@neildavid10why should it go to the people? It’s going to go into infrastructures so that people can have access to basic human needs. Government are not there to feed a nation, it’s for the people to be creative and create jobs for themselves
@@neildavid10says a yankee. A very yankee perspective of the world because that's what u guys have been doing
Whilst the US like to sell ammunition to kill Africans in wars that they foment on the continent, china is busy building Africa. We now know who the devil (sent to steal, kill and destroy) is.
Lead by example, this is what Africa and its people's want and we who are in the diaspora
can hold our heads hi and proud because of our leaders
Felix is very much into infrastructure,he has big infrastructure gigs lined up. That creates jobs directly and indirectly,injects money into the formal sector. Let’s hope we start to see results of his moves,so he can silence his critics.
China often put money where the mouth is. They actually build and deliver and are always open to discussions. Africa's newer generation of leaders are well educated and informed. They know what they're doing and what's best for them! Congo is a case in point where China was willing to negotiate with the current government to revise agreement terms to suit current conditions. If it is the West, request for renegotiations may result in armed interventions!
Exactly!
Nothing wrong with that - DRC ❤ development = Africa’s prosperity. It is way better than a creation country like the USA.
Communist chinese troll alert
Thats better than money being misappropriated, i really Love our brothers in DRC...
Safi Saaana Bora Hawa Wachina wanawaza kujenga miundo mbinu
DR Congo is the only country in the world who has so many minerals needed it in the world. China is a country that Africans can work with unlike the European colonies. They have the opportunity to lead African countries for success. The only thing they have to think about is to be principal and under control of their natural sources.
Job well done DRC.
Bold move. All African countries should renegotiate the mining deals which are not benefiting the host countries.
I AGREE WITH THE NEW DRC APPROACH. IT'S GOOD FOR CHINA AND GOOD FOR DRC. WIN-WIN. THE TAIWAN MODEL WHEERE TRAINING AND INFRASTRUCTURE WERE AT THE CORE IS KEY HERE AS WELL. GOOD REPORT AND GOOD NEWS. DRC IS A GO!
Greetings from Philippines. I'm happy for the DRC and China. They will finally get a great infrastructure in the next ten years
AFRICAN COUNTRIES IS BETTER IF THEY HAVE GOOD RELATIONSHIP WITH CHINA 🇨🇳 AND RUSSIA 🇷🇺
Well done Mr President Tchisekedi, thank for sharing this public knowledge The New Africa!!
don't get it twisted, those roads, bridges and hospitals don't belong to the DRC. It's a lose lose for the DRC and their politicians don't even know it
The DRC should be an economic giant of africa and thank God it looks like we now have a man who can do just that.Zambia should follow suit.let us leverage the God given natural resources in exchange for infrastructure development and ultimately skills and technological transfer,in the end we need to be security and technologically independent.We need to be able to turn the raw materials into finished Goods,to meet lacal demands and export.Lastly,lets invest in agriculture,food and nutrition is the great need of any human being,all other needs are secondary.
I don't understand sometimes, to me, a deal is 50/50, if one has the resources, and you are bringing the expertise, then it is of equal value, the minimum for these African countries should be 50 percent, MINIMUM, anything less than that, is robbery!
Actually the percentage each get depends on several factors, such as the size of the mine. If the size is small, the Chinese would want to have a bigger percentage. 9:38
S absolutely, the west have been destablizing africa and looting resources for free which is a robbery.
Kudos DRC 👏👏👏👏
Awesome. More win win trade is what we need
it is necessary to build a gigantic 40 GW Grand INGA hydroelectric power plant in Congo
Big up President Tsekedi
Ghana 🇬🇭 VP Bawumia has shown the way for other African countries to follow. Exchanges minerals for developments
Good that the deals were renegotiated with China. The rumour mill was repleted with news that Kabila was giving out favourable contracts, particularly to China and Israel.
Now for those israel renegotiations!!
what one can do with 7 billion and transparent leadership
I love Tshisekedi ❤ At long last The DRC now has a patriotic President.
Great news! Hope to see great progress in the future by establishing the appropriate infrastructure necessary for further development of DRC.
Tres bien avec chine bravo
Britain US and EUs IMF will be pissed😂😂😂😂😂
You learn how to make your own infrastructures, solidify it. Let no foreigners have any majority stake in anything, only a sliver if any. They need you, remember that. Invest in your Youth and turn them into the the best engineers in the world.
Great episode, great stance.
🇨🇩💪💙🙏 is congo time now on god 🙏 🙏🇨🇩🖤
I don't know how DRC going to do this deal. 🤔
Glencore _(EU Company)_ owns almost all of DRC and Surrounding country Mine Fields.... China only owns 1 Mine Field..... Glencore is back by US and EU Military and it controls most of Politicians in Africa.
If what u saying it true that’s f*** up man. Do u have proof?
African leaders need to have more empathy fir their people
En mí opinión para los países Áfricanos es mejor tener buenas relaciones con CHINA en lo económico y con RUSIA en lo militar y a futuro serán países prósperos y arriba el continente Áfricano saludos desde Sudamérica para nuestros hermanos Áfricanos
It's complicated but somewhat better than previous agreements 🤝 ✌️ ☺️ 😊 🙂 😌. But I don't know about 68% which is disproportionately disadvantageous comparatively to Africa! My question is: why not get Africans trained in order to take charge of Africa's problems, financial, ....... affairs? I'll venture to guess why ----- nepotism, misappropriation of funds, unpatriotism, ...... are paramount, ..... in Africa's problems!
Agreed.
Actually the percentage each get depends on several factors, such as the size of the mine. If the size is small, the Chinese would want to have a bigger percentage.
Bro education and training still needs funding right?
@@akalkila2769 Yes; and we have the funds! Where? Simple ---- the so-called politicians/leaders must stop ✋️, yes stop stealing money 💰 from their countries, their people and ultimately from themselves and depositing such stolen wealth overseas, away from Africa 🌍 😀 😉 🙄 👏 ! Obviously you don't think this way, but at my age I do and my mind is awake, active. ......!
@@jer33.33 I disagree; and I'm not going to elaborate on this matter. I have college degrees in Finance, accounting and more!
Better than the stealing west with nothing to show for.
The Chinese always said one hand washes the other you scratch my back I scratch yours win win
China appreciates a healthy negotiation and wants all peoples to thrive. I'm sure they respect President Tshisekedi's renegotiation for the benefit of the Congolese.
I'm from DRC , In my opinion , At least DRC is doing good but $7billion is a small amount regarding to what they are taking in return and what they are giving out
Thank you Mr present, it’s not only about DRC many African countries will benefit as well
DR Congo must decide to first privilege the wellbeing of its own people....bearing in mind who is genuine to make deals with and who is not
The enemy will never give weapons to a people that is none of their business.
This is the only way to emerge from centuries of foreign exploitation of abundant DRC natural resources.
DRC needs roads,and Felix needs to stop corruption
Are you corrupt?
Yes!
@@adoumpmoussah939 liboma na yo
Money for minerals, then you spend your money where you want .
Well done and let African leaders follow your footsteps in renegotiating deals in the interest of African countries and its people.
Any deal that benefits the Congolese people is good 👍🏼
He’s not too smart giving up 68%
Agreed.
Actually the percentage each get depends on several factors, such as the size of the mine. If the size is small, the Chinese would want to have a bigger percentage.
These so-called African leaders never seem to acknowledge the importance of mining their own resources, mroe like training their peopel and financing the means to mine their own--READ THIS ARTICLE--------->)____THE 800 MILITARY GENERALS OF THE EARTH ALLIANCE ARE THE ONES GOING TO GIVE THE GREEN LIGHT
For all world governments to stand down when the shift is ready to take place on our planet
When they give the orders, all world governments will have to stand down so their replacements who have been groomed in the new structure of governments can be put in their place
Understand that the current form of government is Satanic, more like structured on this principle and this is why humanity has not been free and that these monsters never fully represented the people
the new form of government on our planet will then become people Centered, with the people having major input in the governments
)_Change is on the way, my friend and it is goign to come like a thief in the night like it is written in the Book)_
Better than having nothing
@@lilask2667 You are those that would be very emotional happy for a little and that's not a mentality strength for Africa progresism in this time.
Good
A bold move
This is bueatiful
How to know you have picked the right site, China or America? , just go for the one who helps you in peaceful infrastructure developments, but not for the one who's using you for it's trouble war!
Well done congo
I'm glad to hear of renewed strength & confidence of some African leaders. It's high time Africans negotiate trade agreements that are favorable to the economic & social stability of their nations. Good for DRC & China to work out a better deal. Let's all respect & win together.
......i cant believe they fell for this. Why cant Africa see what Xhina is doing.
The problem in our region are Musevevi, Kagame and Ruto
They must build processing plants in DRC so that not minerals will leave DRC unprocessed that way the deal will be measurable
Why do yall trust thise folks ? A country so resourceful should ....
They should also focus in army technology exchanges...
For all that to materialize fully Tsisekedi must secure proper security across the country otherwise its gonna b a pipe dream
BONJOUR MERCI
God sent Aunt Alia 🇭🇹 to Congo 🫥🇨🇬 for years. I think Congo would need to work with the spirits of those who returned to them, to give them spiritual strength.
Congo doesn’t need any major infrastructure. Help the people of the Congo with the 7 billion dollars. Help them to produce food which is essential for their existence.
food production is part of infrastructure, although i don't know the specifics of this deal. roads enable farmers to bring their food to market, including for export. infrastructure could also mean ensuring water is in place so that farmers can grow crops or give to livestock. etc.
@@orangemoonglows2692 Humans survived for hundreds of thousands of years without the infrastructure that exist today. There was better water 💦 to drink on earth before we polluted most of it. There were ways to get water to crops in the past or man could not survive.
@@mikega1252 you sound absolutely foolish. if that's how you feel, go touch grass and dirt in the middle of nowhere. and while you're at it, go around with only a loincloth, a bow and arrow and live in a hut, since that's how people have lived in the past.
@@mikega1252 Also the humans thousands of years ago age expectancy: 30 years old
This is visionary
That is the best things he must do first, thanks a lot Mr president for that idea.
It still didn't sound like a good deal to me. I didn't hear any details of the deal
The DRC must control the output of its minerals and measure according to the worthiness of the infrastructure being built otherwise it’s tricky
Good news weclom
Hope the roads will be worth it as we all know the kind of roads China builds in Africa usually they won’t last long yet they would have taken a lot
I love China and 🇷🇺
It's a good I dear by plz try also to build houses for people like they did in Angola
We need strong army
Congo need Real president
What do you call tshisekedi???...The best president so far
the devil is in the details but he is in the right path.
Congo must use its money to improve its infrastructure stop depending on other countries ????
Congo the most rich country in the world ❤❤❤. God bless all the Africans 12 tribes of Isreal and all his chosen ones!
1.2% royalties is absurd right?
Right sad. How will you ever get it. China fail to deliver before , but you trust them again with out increasing the the rate. Royalties is nothing if their is not at the table of the sales to make the product. Should be 30%. Time will tell. The 7 billion dollar loan what’s the interest rate that’s another problem. Why these President don’t get lawyers, accountants to come to the table help negotiate, to protect the people. Nevertheless time will tell.
Super good choice
There stuff needs to be maintained by them, so you to gave them a settlement there,so in years they will be plentyful
I think just a small fraction of that will go for infraestructure for the congo citizens, and surely not to the most poor risking their lives in horrible mines
Very good for you finally you will forget about Rwanda and keep yourself busy building your country.
But Rwanda will learn how to survive without Congo very soon.
Is a win win negotiation
Long live President Felix Antoine Tshishekedi
Big ideas
Based China
Congratulations
👍
😊👍🏾
All of this is good.but what about terrorists who are up rooting the Congo people from they home.
Mr.President please send help for the people.
The Chinese source the minerals to take care of Chinese and western interests
The president of Congo is unfit to lead the country. 😭😭