DR Congo and US advance on Lobito and Grand Inga
By the AFREEQUE newsroom, based on Mali Actu
Illustrative image · Volker Braun · Pexels · Licence PexelsDR Congo and the United States reviewed progress on the Lobito corridor, the Grand Inga hydroelectric project and critical minerals processing at their second joint meeting in Paris. The two countries are also discussing tax and customs rules to attract US investment, according to their joint statement.
The Democratic Republic of the Congo and the United States highlighted the signing of the concession contract for the Lobito corridor among the advances in their strategic partnership, during the second meeting of their joint steering committee in Paris. The delegations also discussed the next steps for the Grand Inga hydroelectric project and opportunities for US investment in energy and critical minerals, according to a joint statement.
The committee also reviewed the implementation of recently adopted Congolese legislation on tax and customs rules applicable to projects covered by the agreement. The two governments pledged to coordinate its implementation, while the United States International Development Finance Corporation (DFC) presented an expanding investment portfolio in DR Congo.
The discussions also cover the Congolese strategic assets reserve and the processing and export of critical minerals. The two governments want these investments to promote job creation, skills development and the growth of Congolese and US businesses, according to the joint statement.
