Taarifa Rwanda
Published 1 day ago
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President Felix Tshisekedi of Democratic Republic of Congo has ordered revision of mining contracts arguing that Investors are getting richer while local people remain poor.
The congolese leader made the announcement on Thursday while addressing a rally in the centre of Kolwezi town in Lualaba Congo’s Cobalt-rich province.
“It is not normal that those with whom the country has signed exploitation contracts get richer while our populations remain poor,” said Tshisekedi.
According to President Tshisekedi, “It is time for the country to readjust its contracts with the miners with a view to sealing win-win partnerships.”
Cameroonian Businessman Sidelined By Mauritanian Firm Over Rwanda Hydro-power Deal
Published 1 hour ago
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The Commercial Court in Kigali is expected to adjudicate in a highly contentious business dispute between shareholders of Refad Rwanda Ltd Company.
The shareholders in this Refad company include Jacques Ntogue with a 49% stake, while Omnicane a Mauritanian sugar-sector giant controls 51% of shares.
“I was the founder and Chairman of Refad Rwanda. With the majority shareholding. When Omnicane came in they got 51% and committed to invest U$3Million Equity in the project. We have never seen that,” Ntogue told Taarifa in an exclusive interview on Tuesday.