President Felix Tshisekedi’s government had been revisiting the deal struck by his predecessor Joseph Kabila under which the Chinese partners agreed to build roads and hospitals in exchange for a 68% stake in the joint venture with Congo’s state mining company Gecamines. Under the deal, the Chinese investors committed to spending $3 billion on infrastructure projects, but the state auditor – Inspection Generale des Finances (IGF) – last year demanded that the commitment be increased to $20 billion. Tshisekedi instructed his government to hold talks with the investors ahead of a visit to China in May 2023. He had aimed to boost Congo’s stake in the joint venture to 70% from 32%. “It is a w
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