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Vol 3 (AAC) No 4

Published 1st February 2010


Kinshasa’s missing millions

Evidence of grand corruption mounts in Beijing’s showcase $6 billion barter deal with the Kinshasa government

Over US$23 million in signature bonuses payable on China’s $6 billion Sino-Congolaise des Mines (Sicomines) deal with the Kinshasa government have been stolen according to a probe by a commission set up by the National Assembly. The stolen monies were part of some $50 mn. that Chinese companies were due to have paid to Congo’s mining parastatal, Gécamines, the Commission Economique et Financière reported in late January. These findings follow growing concerns in recent weeks about the accountability of natural resource deals by Chinese companies in Angola and Kazakhstan. Ahead of national elections in 2011, Congo’s President Joseph Kabila is demanding better value for money: more jobs for Congolese workers and fewer imported Chinese workers.

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