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Spotlight | DRC
New Finance Minister Nicolas Kazadi's ties with Dig Oil founder Nozi Mwamba

Dig Oil's founder managed to infiltrate the Congolese head of state's entourage and steer its negotiations with his company. [...]

Published on 13/04/2021 at 06:00 GMT Reading time 3 minutes

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Energy

Set up email notifications for these topics

DRC
Adolphe Muzito
Andrea Brown
Caprikat
Dan Gertler
Dig Oil
Felix Tshisekedi
Felix Tshisekedi's
Foxwhelp
Jacques Kazadi
Joseph Kabila
Lambert Mende
Mobutu Sese Seko
Mouvement Populaire de la Revolution
Nicolas Kazadi
Nozi Mwamba
Sama Lukonde Kyenge
Total

Spotlight | DRC
Samcrete gears up for multi-million dollar arbitration against Kinshasa

The Egyptian civil engineering company is beginning to put a figure on the millions of dollars it will be claiming from the DRC over its contract to build a road between Mbuji-Mayi and Kananga.

Subscribers only Infrastructure 07.12.2023

DRC president Félix Tshisekedi and his Egyptian counterpart Abdel Fattah al-Sisi.

DRC
Moscou and Kinshasa lay foundations for economic diplomacy

Washington may be playing it cool in DRC, but Russia is increasingly keen to position itself as a key trading partner.

Free access Business, Diplomacy 21.09.2022

DRC
Pressure mounts on Tshisekedi not to challenge $619m Dig Oil ruling in court

Fellow Kasai natives in the president's entourage want him to negotiate directly with the South African oil company.

Subscribers only Energy 11.02.2022

In Focus | DRC
The unseen hands at play in US ruling against DRC in Dig Oil award

Following a US court ruling, the DRC may see up to $619m of its US assets seized by oil junior Dig Oil. Africa Intelligence has had access to documents that reveal the determining behind-the-scenes role played by several Congolese ministers in this legal fiasco.

Subscribers only Energy, Politics 27.09.2021

DRC
Tshisekedi fights back against Dig Oil over $619m arbitration ruling

The president is expected to revoke the 2018 settlement with South African oil firm Dig Oil and go back to court.

Subscribers only Energy 09.07.2021

DRC
Dig Oil's compensation hopes rise with ministerial appointment of deal's signatories

The South African junior is eagerly awaiting validation of a financial agreement negotiated under the former government last year. Two of its signatories have in the meantime become ministers.

Subscribers only Energy 10.05.2021

DRC
UK's Adam Smith International settles down in Kinshasa

The London-based consultancy Adam Smith International (ASI) has opened an office in the DRC.

Subscribers only Business 06.05.2021

Spotlight | DRC
Tshisekedi seeks to renegotiate Kabila-era deals with China

The Congolese government is trying to renegotiate contracts signed with Beijing during the long reign of former president Joseph Kabila. Some of their terms are now deemed contrary to the national interest.

Subscribers only Infrastructure 05.05.2021

DRC's President Felix Tshisekedi meets with visiting Chinese State Councilor and Foreign Minister Wang Yi in Kinshasa.

Spotlight | DRC
Why is Dan Gertler transferring his oil assets to new firms?

The Israeli diamond dealer is trying to counter the effects of US sanctions on his Congolese companies and is hoping to get a new extension on his oil permits.

Subscribers only Energy 04.05.2021

DRC
Dig Oil takes advantage of Kinshasa's silence in US court

Dig Oil has asked a US court for a ruling in default to confirm the International Chamber of Commerce's (ICC) 2018 order for the DR Congo to pay the firm more than $600m for withdrawing an oil block from it and delaying production contracts on others.

Subscribers only Energy 09.04.2021

Spotlight | DRC
Tshisekedi's advisors at loggerheads over secret Dig Oil deal as arbitration looms

Though some of the Congolese president's advisors are still pushing to counter the South African firm's arbitration award with another lawsuit, others would prefer Tshisekedi to accept a secret deal that comes with financial compensation.

Subscribers only Energy 26.03.2021

Nicolas Kazadi, Tshisekedi's roving ambassador and negotiator of a possible settlement with Dig Oil.

In Focus | DRC
Tshisekedi's advisers split over response to $617m arbitration award

The arbitration ruling won by Dig Oil against the DRC has put the head of state's advisers at loggerheads. Felix Tshisekedi's inner circle are pressing him to seek a settlement with the South African oil company, while one of the country's legal advisers is pleading for an energetic legal counter-attack.

Subscribers only Energy 15.03.2021

Félix Tshisekedi Tshilombo, President of the Democratic Republic of Congo.

Spotlight | DRC
Dig Oil comes up against unflappable state negotiators over $619m arbitration

The South African oil firm is beginning to believe the president's office is dragging its heels so it won't have to pay, while the state hopes to reach a compromise with the promise of a new permit.

Subscribers only Energy 17.12.2020

DRC
$619m arbitration: deputy justice minister Bernard Takahishe Ngumbi gives Dig Oil a helping hand

La RDC n'a pas répondu aux convocations du tribunal du District of Columbia dans le cadre d'un conflit à plus de 619 millions de dollars qui l'oppose à la société sud-africaine Dig Oil.

Subscribers only Energy 21.10.2020

DRC
Dig Oil arbitration: Tshisekedi snubs US court

Congolese president Félix Tshisekedi's clan simply didn't respond to summons sent by a District of Columbia court as part of its dispute with South Africa's Dig Oil.

Subscribers only Energy 30.09.2020

Spotlight | DRC
Tshisekedi inner circle fragmented over handling of $619m Dig Oil arbitration

The sharing of power between the pro-Kabila clan and the various factions that support the new president has turned the handling of the Dig Oil file into a delicate juggling act for the Congolese state.

Subscribers only Energy 16.09.2020

DRC President Felix Tshisekedi keeps a close watch on the Dig Oil arbitration settlement.

DRC
$617m arbitration: Dig Oil uses upper edge to corner Tshisekedi

Threatened with a fine equal to 10% of the national budget, the Congolese president has little choice but to negotiate with Dig Oil even as Kinshasa looks for a last ditch attempt to annul the arbitral ruling in favour of the South African oil junior.

Subscribers only Energy 19.08.2020

President Felix Tshisekedi (left) has chosen his advisor Nicolas Kazadi to negotiate with South African junior Dig Oil.

Spotlight | DRC
Congo's $619m hot potato: who's to deal with Dig Oil over crippling arbitration award?

The DRC is coming under increasing pressure to comply with a 2018 arbitration award of hundreds of millions of dollars in favour of South African junior Dig Oil over the delayed attribution of Cuvette Central blocks.

Subscribers only Energy 03.07.2020

DRC
Total/Dan Gertler - Dig Oil/Cuvette: the two files now on Tshisekedi's plate

The new president has been landed with the two oil cases Kabila's cabinet had been working to finalise - without luck - up to the last minute.

Subscribers only Energy 29.01.2019

Set up email notifications for these topics

DRC
Adolphe Muzito
Andrea Brown
Caprikat
Dan Gertler
Dig Oil
Felix Tshisekedi
Felix Tshisekedi's
Foxwhelp
Jacques Kazadi
Joseph Kabila
Lambert Mende
Mobutu Sese Seko
Mouvement Populaire de la Revolution
Nicolas Kazadi
Nozi Mwamba
Sama Lukonde Kyenge
Total

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Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Spotlight | DRC
New Finance Minister Nicolas Kazadi's ties with Dig Oil founder Nozi Mwamba

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Set up email notifications for these topics

Spotlight | DRC
Samcrete gears up for multi-million dollar arbitration against Kinshasa

DRC
Moscou and Kinshasa lay foundations for economic diplomacy

DRC
Pressure mounts on Tshisekedi not to challenge $619m Dig Oil ruling in court

In Focus | DRC
The unseen hands at play in US ruling against DRC in Dig Oil award

DRC
Tshisekedi fights back against Dig Oil over $619m arbitration ruling

DRC
Dig Oil's compensation hopes rise with ministerial appointment of deal's signatories

DRC
UK's Adam Smith International settles down in Kinshasa

Spotlight | DRC
Tshisekedi seeks to renegotiate Kabila-era deals with China

Spotlight | DRC
Why is Dan Gertler transferring his oil assets to new firms?

DRC
Dig Oil takes advantage of Kinshasa's silence in US court

Spotlight | DRC
Tshisekedi's advisors at loggerheads over secret Dig Oil deal as arbitration looms

In Focus | DRC
Tshisekedi's advisers split over response to $617m arbitration award

Spotlight | DRC
Dig Oil comes up against unflappable state negotiators over $619m arbitration

DRC
$619m arbitration: deputy justice minister Bernard Takahishe Ngumbi gives Dig Oil a helping hand

DRC
Dig Oil arbitration: Tshisekedi snubs US court

Spotlight | DRC
Tshisekedi inner circle fragmented over handling of $619m Dig Oil arbitration

DRC
$617m arbitration: Dig Oil uses upper edge to corner Tshisekedi

Spotlight | DRC
Congo's $619m hot potato: who's to deal with Dig Oil over crippling arbitration award?

DRC
Total/Dan Gertler - Dig Oil/Cuvette: the two files now on Tshisekedi's plate

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About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo The secrets of Demex, the trader selling Russian oil in West Africa

African Union: the battle of the giants

West African cocoa cartel battles with the traders

The generals waging war from Khartoum to Darfur

Spotlight | DRC New Finance Minister Nicolas Kazadi's ties with Dig Oil founder Nozi Mwamba

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Spotlight | DRC Samcrete gears up for multi-million dollar arbitration against Kinshasa

DRC Moscou and Kinshasa lay foundations for economic diplomacy

DRC Pressure mounts on Tshisekedi not to challenge $619m Dig Oil ruling in court

In Focus | DRC The unseen hands at play in US ruling against DRC in Dig Oil award

DRC Tshisekedi fights back against Dig Oil over $619m arbitration ruling

DRC Dig Oil's compensation hopes rise with ministerial appointment of deal's signatories

DRC UK's Adam Smith International settles down in Kinshasa

Spotlight | DRC Tshisekedi seeks to renegotiate Kabila-era deals with China

Spotlight | DRC Why is Dan Gertler transferring his oil assets to new firms?

DRC Dig Oil takes advantage of Kinshasa's silence in US court

Spotlight | DRC Tshisekedi's advisors at loggerheads over secret Dig Oil deal as arbitration looms

In Focus | DRC Tshisekedi's advisers split over response to $617m arbitration award

Spotlight | DRC Dig Oil comes up against unflappable state negotiators over $619m arbitration

DRC $619m arbitration: deputy justice minister Bernard Takahishe Ngumbi gives Dig Oil a helping hand

DRC Dig Oil arbitration: Tshisekedi snubs US court

Spotlight | DRC Tshisekedi inner circle fragmented over handling of $619m Dig Oil arbitration

DRC $617m arbitration: Dig Oil uses upper edge to corner Tshisekedi

Spotlight | DRC Congo's $619m hot potato: who's to deal with Dig Oil over crippling arbitration award?

DRC Total/Dan Gertler - Dig Oil/Cuvette: the two files now on Tshisekedi's plate

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Spotlight | DRC
New Finance Minister Nicolas Kazadi's ties with Dig Oil founder Nozi Mwamba

Spotlight | DRC
Samcrete gears up for multi-million dollar arbitration against Kinshasa

DRC
Moscou and Kinshasa lay foundations for economic diplomacy

DRC
Pressure mounts on Tshisekedi not to challenge $619m Dig Oil ruling in court

In Focus | DRC
The unseen hands at play in US ruling against DRC in Dig Oil award

DRC
Tshisekedi fights back against Dig Oil over $619m arbitration ruling

DRC
Dig Oil's compensation hopes rise with ministerial appointment of deal's signatories

DRC
UK's Adam Smith International settles down in Kinshasa

Spotlight | DRC
Tshisekedi seeks to renegotiate Kabila-era deals with China

Spotlight | DRC
Why is Dan Gertler transferring his oil assets to new firms?

DRC
Dig Oil takes advantage of Kinshasa's silence in US court

Spotlight | DRC
Tshisekedi's advisors at loggerheads over secret Dig Oil deal as arbitration looms

In Focus | DRC
Tshisekedi's advisers split over response to $617m arbitration award

Spotlight | DRC
Dig Oil comes up against unflappable state negotiators over $619m arbitration

DRC
$619m arbitration: deputy justice minister Bernard Takahishe Ngumbi gives Dig Oil a helping hand

DRC
Dig Oil arbitration: Tshisekedi snubs US court

Spotlight | DRC
Tshisekedi inner circle fragmented over handling of $619m Dig Oil arbitration

DRC
$617m arbitration: Dig Oil uses upper edge to corner Tshisekedi

Spotlight | DRC
Congo's $619m hot potato: who's to deal with Dig Oil over crippling arbitration award?

DRC
Total/Dan Gertler - Dig Oil/Cuvette: the two files now on Tshisekedi's plate