OIL IN AFRICA PART TWO: Can DR-Congo avoid the Libyan Revolution?

Since the 1970’s resource rich countries in the developing world have consistently underperformed resource poor countries when it comes to economic growth, income inequality and good governance. What if the best and only solution will be to: KEEP THE OIL IN THE SOIL? Looking back at 2013-2016 (SV) OPTION A Extract from the AfDB report:… Read More

More Challenges than Opportunities in Emerging DRC Oil Industry

Do you really think that oil will make a difference in this woman’s life? Background Africa’s oil industry is growing. Both off-shore and on-shore developments are projected to provide much-needed revenue for the Democratic Republic of the Congo (DRC). Yet fundamental challenges remain. After years of civil unrest and war, the security situation, both domestically… Read More

DR Congo eyes a greater share of its mineral riches

By Thomas Hubert BBC News, Lubumbashi, Democratic Republic of Congo 22 April 2012 Last updated at 16:29 In Democratic Republic of Congo’s mineral-rich Katanga province, poverty is widespread and child mortality is higher than in any country in the world. The recently refurbished Grand Karavia hotel in Lubumbashi, the mining capital of the Democratic Republic… Read More