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DRC
Kinshasa orders Afriland to pay treasury millions levied on transporters

The DRC subsidiary of a Cameroonian bank stands accused of illicitly retaining fees that were supposed to finance rail network improvements. [...]

Published on 21/01/2022 at 06:00 GMT Reading time 3 minutes Olivier Liffran

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Finance

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DRC
Afriland First Bank
Amira Gold Mining
Amirac Mining
Banque centrale du Congo
CENI
Cobil
Corneille Nangaa
Dan Gertler
DGDA
FEC
Felix Tshisekedi
Fortunat Biselele
Global Witness
Guy Loando Mboyo
IGF
Jean-Paul Kamdem
Malangu Kabedi Mbuyi
Patrick Kafindo
Paulin Fonkoua Kake
Platform for the Protection of Whistle-blowers in Africa
SCTP
Souaibou Abary

Spotlight | DRC
Kinshasa strikes risky deal with Dan Gertler via Afriland bank

Afriland bank's DR Congo subsidiary, which is under provisional administration by the country's central bank and is in arbitration proceedings, may have one final use. The government may use it in a risky financial deal that would benefit Israeli tycoon Dan Gertler.

Subscribers only Finance, Mining 16.12.2024

The head office of Afriland First Bank, in Kinshasa, in April 2021.

Cameroon
IFC poised to lend $60m to Afriland Bank

The International Finance Corporation (IFC) is considering a $60m loan to Cameroon’s Afriland First Bank

Subscribers only Finance 04.12.2024

DRC
Congolese employers complain of tax ‘harassment'

Company bosses in DR Congo are unanimous in their assertion that they were subjected to a record number of tax inspections by the various financial authorities in 2023. They have long denounced what they see as "harassment".

Subscribers only Politics, Business 31.01.2024

DRC
$20m loan at heart of Afriland arbitration case against Kinshasa

Afriland First Bank has taken the Congolese state to arbitration, accusing it of having expropriated its subsidiary in the DRC. It is also looking to find out why a $20m loan made to a company reputed to be close to the DRC authorities was, allegedly, never repaid.

Subscribers only Politics, Business 23.10.2023

DRC
M23 rebels force massive rise in DRC military spending

The resurgence of M23 rebels is costing the DR Congo army a fortune in military expenditure. But despite the massive increase in funding - from $459m in 2021, to $700m in 2022 - the Congolese army is failing to subdue the insurgents.

Subscribers only Defence, Finance 14.02.2023

Spotlight | DRC
Prosecutor opens investigation into $300m finance ministry account

Last month in the utmost secrecy, the Kinshasa prosecutor's office opened an investigation into an account held by the finance ministry at the First National Bank containing over $300m. It is a sensitive case that could involve irregular transactions.

Subscribers only Politics 27.05.2022

In Focus | DRC
Felix Tshisekedi's inner circle in a panic over mining deal dispute

For several weeks, a dispute between one of President Felix Tshisekedi's closest advisers and the former chairman of the independent national electoral commission has been causing high-level turbulence in the Democratic Republic of the Congo (DRC).

Subscribers only Mining 10.01.2022

DRC
Yuma's sidelined rivals rise to top at Gécamines

The new Gécamines chairman, Alphonse Kaputo Kalubi, was for a long time sidelined by Albert Yuma, who has just been ousted from the helm of the state-owned mining company. It seems that the new managing director appointed at the same time was not a Yuma favourite either.

Subscribers only Mining 09.12.2021

DRC
Transport company SCTP, a social ticking time bomb

The future of SCTP, the public company that manages the port of Matadi among others, is a source of great concern to the DRC authorities.

Subscribers only Infrastructure, Business 01.11.2021

The port of Matadi in the DRC is managed by the Société congolaise des transports et des ports (SCTP).

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.

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DRC
Afriland First Bank
Amira Gold Mining
Amirac Mining
Banque centrale du Congo
CENI
Cobil
Corneille Nangaa
Dan Gertler
DGDA
FEC
Felix Tshisekedi
Fortunat Biselele
Global Witness
Guy Loando Mboyo
IGF
Jean-Paul Kamdem
Malangu Kabedi Mbuyi
Patrick Kafindo
Paulin Fonkoua Kake
Platform for the Protection of Whistle-blowers in Africa
SCTP
Souaibou Abary

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Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

DRC
Kinshasa orders Afriland to pay treasury millions levied on transporters

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Spotlight | DRC
Kinshasa strikes risky deal with Dan Gertler via Afriland bank

Cameroon
IFC poised to lend $60m to Afriland Bank

DRC
Congolese employers complain of tax ‘harassment'

DRC
$20m loan at heart of Afriland arbitration case against Kinshasa

DRC
M23 rebels force massive rise in DRC military spending

Spotlight | DRC
Prosecutor opens investigation into $300m finance ministry account

In Focus | DRC
Felix Tshisekedi's inner circle in a panic over mining deal dispute

DRC
Yuma's sidelined rivals rise to top at Gécamines

DRC
Transport company SCTP, a social ticking time bomb

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

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Indigo Publications' websites

Libya From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal Guns and oil drive Russia's Dakar courtship

Cabo Delgado: a gas Eldorado and security nightmare

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Transition: what's next after the coup?

DRC Kinshasa orders Afriland to pay treasury millions levied on transporters

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Set up email notifications for these topics

Spotlight | DRC Kinshasa strikes risky deal with Dan Gertler via Afriland bank

Cameroon IFC poised to lend $60m to Afriland Bank

DRC Congolese employers complain of tax ‘harassment'

DRC $20m loan at heart of Afriland arbitration case against Kinshasa

DRC M23 rebels force massive rise in DRC military spending

Spotlight | DRC Prosecutor opens investigation into $300m finance ministry account

In Focus | DRC Felix Tshisekedi's inner circle in a panic over mining deal dispute

DRC Yuma's sidelined rivals rise to top at Gécamines

DRC Transport company SCTP, a social ticking time bomb

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

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

DRC
Kinshasa orders Afriland to pay treasury millions levied on transporters

Spotlight | DRC
Kinshasa strikes risky deal with Dan Gertler via Afriland bank

Cameroon
IFC poised to lend $60m to Afriland Bank

DRC
Congolese employers complain of tax ‘harassment'

DRC
$20m loan at heart of Afriland arbitration case against Kinshasa

DRC
M23 rebels force massive rise in DRC military spending

Spotlight | DRC
Prosecutor opens investigation into $300m finance ministry account

In Focus | DRC
Felix Tshisekedi's inner circle in a panic over mining deal dispute

DRC
Yuma's sidelined rivals rise to top at Gécamines

DRC
Transport company SCTP, a social ticking time bomb

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