Liquid Intelligent Technologies to deliver affordable high-speed connectivity in DRC

DRC – Liquid Intelligent Technologies, a leading technology group, has started delivering affordable high-speed connectivity to communities in Kinshasa, Democratic Republic of Congo (DRC) using state-of-the-art Wireless Optical Communication technology (WOC) from Project Taara at X, Alphabet’s moonshot factory. This achievement marks a robust high-capacity communications bridge between Kinshasa and Congo Brazzaville. Despite being just 4.8 kilometres apart, internet is more expensive in Kinshasa than in Brazzaville. The reason being, the two cities are separated by the Congo River, the second fastest and deepest river in the world, making it…

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Eric Nsantu takes charge as CEO of Bollore Transport and Logistics in DRC

DRC – Eric Kalala Nsantu has been appointed as the Chief Executive Officer of Bolloré Transport and Logistics in the Democratic Republic of Congo. Prior to his appointment, he was the managing director of the Congolese subsidiary since 2019 and now succeeds François Kaniki, who was chair of the board of directors at Bolloré Transport and Logistics for more than ten years. Nsantu has strong experience in financial management and mining logistics. He is a graduate in Business Engineering of the Administration and Management Institute at Université Catholique de Louvain…

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China Molybdenum to invest US$2.5b to double copper, cobalt output at DRC mine

DRC – China Molybdenum Company says it would spend US$2.51 billion to roughly double production of copper and cobalt at its giant Tenke Fungurume mine in the Democratic Republic of Congo. The bumper investment comes as prices for both metals have jumped in 2021 amid a demand rebound from the Covid-19 pandemic. Copper is up 23% year to date on the London Metal Exchange after hitting a record high of almost US$10,750 a ton in May 2021, while cobalt is up 64% at about US$52 000 a ton. China Moly…

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Clean Vision Corporation to invest US$30m in waste plastic to energy pyrolysis plant in DRC

DRC -Clean Vision Corporation subsidiary Clean-Seas has signed a letter of intent to build and operate a waste plastic-to-energy pyrolysis plant in Kinshasa in the Democratic Republic of Congo (DRC) with a US$30million CAPEX price tag. The country’s Ministry of the Environment estimates that more than 9,000 tons of municipal solid waste (MSW) is collected and disposed of daily and this waste is being incinerated or dumped in landfills that are rapidly reaching capacity. Clean Vision Chief Executive Officer Dan Bates said Africa has always been one of their targets…

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Budget airline Jambojet to commence Nairobi-Goma flights in September 2021

KENYA – Jambojet, the low-cost airline and subsidiary of Kenya Airways, has announced plans to commence flights between Nairobi and the Democratic Republic of Congo city of Goma from September 2021. The flight to North Kivu capital is one of the two flights the low-cost carrier will introduce in September as part of its expansion plans. The airline says it will be operating two weekly flights between Nairobi and Goma which is located in the eastern part of the Democratic Republic of Congo and will be gradually increased to four…

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Liquid Technologies, Facebook team up to construct fiber corridor in DRC

DRC – Africa’s largest fibre company Liquid Intelligent Technologies and Facebook have announced a partnership to build an extensive 2,000 kilometres long haul and metro fibre network in the Democratic Republic of Congo (DRC). The two companies say there is a growing demand for regional connectivity across Central Africa and the partnership is expected to improve internet access for over 30 million people. According to the arrangement, Facebook will invest in the fibre build and support network planning and Liquid Technologies will own, build and operate the fibre network, and…

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Bboxx DRC appoints former Orange DRC CEO Gerard Lokossou as a new board member

DRC- Next generation utility Bboxx DRC has appointed Gerard Lokossou as a Non-Executive Board Member to the company’s Democratic Republic of Congo (DRC) Board, reflecting the rapid growth of operations in the country. As former CEO of Orange DRC, Gerard has a wealth of experience in driving growth in this market. Prior to this appointment, he led the distribution for Airtel Africa Group, re-focusing its sales and services network strategy and he has also worked as a Sales and Distribution Director at MTN, and has previously held roles at Nestlé…

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Equity Group DRC subsidiary to receive US$50m loan from IFC loan to support SMEs

DRC – Equity BCDC, a subsidiary of Equity Group Holdings based in the Democratic Republic of Congo, is set to receive a US$50 million loan from the International Finance Corporation (IFC) to finance cash-starved small and medium-sized enterprises (SMEs) in the country. Access to capital is one of the greatest challenges faced by small and medium-sized enterprises in the Democratic Republic of Congo and Equity BCDC, which has 74 branches spread across the DRC will use the IFC loan to help small businesses fund their operations and expansion in the aftermath of…

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Swedish investment platform Trine and Altech Group join forces to bring clean energy to DRC

DRC – Swedish-based investment platform Trine has partnered with Altech Group, a market leader in the Democratic Republic of Congo (DRC), distributing world-class clean energy products and services to bring clean energy to the country. This comes at a crucial time where nearly 90% of the population of over 80 million are without access to electricity. The first debt financing round will reach over 14,000 people with clean energy across 21 of Democratic Republic of Congo’s 26 provinces and is estimated to reduce 1,300 tons of CO2.  The new partnership, totaling US$6…

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Gridworks, AEE Power and Eranove ink concession agreements with DRC on US$100m solar-hybrid power project

DRC- A consortium led by Gridworks including Eranove and AEE Power, have signed three concession agreements with the Ministry of Hydraulic Resources and Electricity of the Democratic Republic of Congo (DRC) to develop, build and operate three large scale solar hybrid off grid utilities. The infrastructure will transform the lives and livelihoods of half a million people by providing power to three cities, Gemena, Bumba and Isiro in the north of the country. The three cities currently have no grid connection, and struggle to access reliable, affordable, and clean power. The consortium…

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