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Private grief, state cash

Most of China’s massive investment in Congo comes not from private companies but from the state enterprises leading the charge to Kinshasa

China may be the biggest state investor in Congo but its private companies have invested less than those from South Africa and Britain, a new survey in Kinshasa reveals. According to the Agence Nationale pour la Promotion des Investissements (ANAPI), private companies from Asia and the Middle East are responsible for US$1.1 billion or 19.5% of a total promised investment of $5.6 bn. in 2007/2009. Despite calls from Beijing and New Delhi for business to explore Congo’s markets, many private projects have not obtained the necessary finance....

(This article contains approximately 558 words)

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