Jump to navigation

Vol 1 (AAC) No 2

Published 1st December 2007


Congo-Kinshasa

Another chance for Asia

Indian and South Korean companies are joining their Chinese counterparts in the rush for Congo’s resources.

As well as announcing new deals on mining and infrastructure development, Chinese companies are also moving into Congo’s much depleted agriculture sector. Palm oil is the attraction for Zhongxing Telecom (ZTE), a large Shenzhen-based corporation. In early November, it signed a partnership agreement with Kinshasa’s Minister of Agriculture, François Joseph Nzanga Mobutu, son of former dictator Mobutu Sese Seko. ZTE will invest US$600 million to refurbish 10,000 hectares of palm plantations and build refineries in Bas-Congo, Equateur and Orientale provinces. The aim is to employ 50,000 workers to produce biodiesel.

End of preview - This article contains approximately 547 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.