Indian and South Korean companies are joining their Chinese counterparts in the rush for Congo’s resources.
As well as announcing new deals on mining and infrastructure development, Chinese
companies are also moving into Congo’s much depleted
sector. Palm oil is the attraction for Zhongxing Telecom (ZTE), a large
Shenzhen-based corporation. In early November, it signed a partnership
agreement with Kinshasa’s Minister of Agriculture, François Joseph Nzanga
Mobutu, son of former dictator Mobutu Sese Seko.
ZTE will invest US$600 million to refurbish 10,000 hectares of palm
plantations and build refineries in Bas-Congo, Equateur and Orientale
provinces. The aim is to employ 50,000 workers to produce biodiesel.
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