Business

TEF 2019: Congo’s President seeks investment partnership with Nigeria

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President of the Democratic Republic of the Congo (DRC) Félix Tshisekedi is calling on business community in Nigeria and beyond to come invest in his country which he said is full of potential.

Areas of investments including mineral resources, agriculture, energy, transportation, tourism, and other social infrastructure, among others.

Tshisekedi  was speaking at a business breakfast meeting hosted by the President of African Development Bank (AfDB), Dr Akinwumi Adesina, who said the bank he leads has recently invested $550 million to build the Democratic Republic of Congo and the Republic of Congo’s first road-rail bridge project linking their capitals – Kinshasa and Brazzaville, told investors that DRC was bankable.

According to Adesina, DRC’s minerals is estimated at $24 trillion, while the country’s Grand Inga, the world’s largest proposed hydropower scheme, has the potential to produce 100,000 megawatts of electricity. The country’s arable land, estimated at 80 million hectares provides investment opportunity for agriculture, Adesina added.

Tshisekedi  said his country’s agriculture resources could feed one billion people, given the capital it needs to develop it, and then called on investors to come do business in his country, whose inflation stands at 7.5% and deficit to gross domestic product (GDP) is 0.1%.

Responding, the Vice President of Dangote Group Ltd, Sani Dangote, who spoke on behalf of the investors at the meeting, the community will be more than interested to invest in the country, political bottlenecks and adequate policies are drawn up and implemented to provide enabling business environment for the investors.

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