Latest News for: Congo trade finance


Elon Musk's Tesla, Saudi Arabia in early talks for EV factory: Report

Hindustan Times 18 Sep 2023
... of Congo, the report said ... One of the proposals the kingdom is considering involves extending financing to commodities-trading giant Trafigura for a flailing Congo cobalt and copper project, which could help provide a potential Tesla factory with supplies, the WSJ report said.

CRDB Bridgestrading Gap in Three EAC Countries

All Africa 06 Apr 2022
The entrance of CRDB Bank in Burundi and the Democratic Republic of Congo (DRC) markets is marking significant milestone in efforts to closethe trading and financing gaps in the eastern Africa countries ....

AFC grows assets by 16% in 2021 on rising impact investing

Business Day Online 05 Apr 2022
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, reported 16 percent growth in total assets driven by high impact investments and its strong credit profile ... Wema Bank, Union Systems collaborate on trade finance automation.

Congo to sell Gertler’s oil, gold, iron ore permits

Mining Dot Com 04 Mar 2022
Gertler, 48, is from a prominent Israeli diamond family and came to Congo in the late 1990s to trade gems while the nation was at war. He helped finance President Laurent Desire Kabila and befriended his son, Joseph, who took power in 2001 when his father was assassinated.

Turkey and Africa's deepening ties in a multipolar world

The New Arab 28 Oct 2021
Invited to the conference were senior diplomats, businessmen, bankers, journalists and significantly a coterie of African ministers of trade, commerce, industry, and finance, but also President Felix Tshisekedi of the Democratic Republic of the Congo (DRC) in his capacity as ...

Congo launches State cobalt company with Trafigura financing

Mining Weekly 31 Mar 2021
... cobalt hydroxide under a five-year deal with trading house Trafigura Group, which will also provide financing for the Congolese company.

Trader Trafigura in talks with Congo over financing cobalt buyer

Mining Weekly 14 Feb 2020
Trading house Trafigura Group is in talks with the Democratic Republic of Congo about financing a new state-controlled company ...

CBLT Confirms High-Grade Copper-Cobalt Mineralization at Bloom Lake and Updates Equity Holdings in Winmar

Stockhouse 21 Aug 2018
Trading in Winmar's stock on the Australian Stock Exchange is halted, pending a Winmar shareholder meeting to consider, among other items, an AUD$8,000,000 equity financing in support of Winmar's pending acquisition of a Congo copper — cobalt processing facility.

Rwanda: Govt Negotiates Modalities for Contributing Funds to ECCAs

Topix 10 Nov 2016
... of operations and establishment of the body's free trade area. During a meeting of the Ministers for Trade and Finance affairs in Kinshasa, DR Congo, in May, a special tariff was established to be imposed on imports by member states for products originating outside the region.

Nations selected to demonstrate cooperation

China Daily 16 Sep 2016
"We will also finance the Republic of Congo in building a new port and railway at Pointe-Noire port, and build a harbor industrial park and special economic zone, so as to develop a new layout of China-ROC oil production capacity cooperation," Lin says.

Hopes and challenges in intra-Africa trade and regional integration

Nation 01 Aug 2016
The panel of African Leaders Roundtable on Intra-African Trade as Catalyst for Economic Transformation ... They were Jean-Paul Adam, Seychellois Minister for Finance, Trade and the Blue Economy; Dr Sahar Nasr, Egyptian Minister for International Cooperation and Calizte Nganongo, Congo-Brazzaville Minister for Finance and Budget.

An Interview with Bangura, Sierra Leone’s Charles Taylor War Crimes Prosecutor

Rooster GNN 14 Jan 2015
Natural resources are a major driver of armed conflict, fueling and incentivizing violence in diverse countries including Sierra Leone, Congo, and Afghanistan. Diamonds, other minerals, and ivory trades finance and motivate armed groups, driving them to terrorize civilians and destabilize societies ... One such case is of Sierra Leone ... Mohamed A ... .

Suspected Ugandan rebels kill at least 100 in neighbouring Congo

Business Day 25 Nov 2014
SUSPECTED rebels from Uganda killed as many as 100 people in a spate of attacks in eastern Democratic Republic of Congo in recent days, Congolese officials said on Monday, a sign of how armed groups continue to pose a security threat to the country ... Aid officials accuse armed groups of dealing in illegal mineral trade to finance their warfare.

Intel removes 'blood chips' from supply chain

San Francisco Chronicle 03 Jul 2014
The Santa Clara company's officials recently declared that they had rid their supply chain of minerals from the Democratic Republic of the Congo sold by militias that commit gross human rights abuses ... The trade was similar to so-called "blood diamonds," in which groups in Liberia and Sierra Leone financed armies through diamond sales.

A Call For Fair Phones And Conflict-Free Tech

National Public Radio 03 Jun 2014
The mining and trading of these conflict minerals in the Democratic Republic of the Congo has helped finance the warring groups in the country's bloody civil war ... It's so personal, but we know nothing about it." ... hide captionThe Fairphone ... "This is about changing the minds of people, more than trying to solve the war in Congo," he acknowledges ... .

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In this photo released by Azerbaijan's border guard service on Wednesday, Sept. 27, 2023, Azerbaijan's border guard officers pose with detained Ruben Vardanyan, center, in Nagorno-Karabakh. Azerbaijan says it has detained the former head of Nagorno-Karabakh's separatist government as he tried to cross into Armenia following Azerbaijan's 24-hour blitz last week to reclaim control of the enclave. The arrest of Ruben Vardanyan was announced by Azerbaijan's border guard service.
AP / Azerbaijan's border guard service via AP
File - Donald Trump speaking with attendees at the 2023 Turning Point Action Conference in West Palm Beach, Florida
Creative Commons / Gage Skidmore