Qatar pledges Sh2.7 trillion investment in DR Congo as it mediates peace talks
The DRC deal follows a major tour by Al Mansour Holding across southern Africa in August, during which it pledged $70 billion (Sh9 trillion) across four countries.
Qatar has pledged to invest $21 billion (about Sh2.7 trillion) in the Democratic Republic of Congo (DRC), expanding its investment footprint across Africa while also mediating efforts to end conflict in the country’s east.
The commitment was announced through Qatari investment firm Al Mansour Holding.
More To Read
- For Harambee Stars Sh600 million CHAN pledge, Ruto to pay Sh530 million out of pocket - PS Mwangi
- Sudan’s rebel force has declared a parallel government: What this means for the war
- DRC, M23 rebel group sign declaration of principles to end fighting
- Kenya subtly endorses US-Qatar-brokered DRC peace deal, acknowledges changing regional dynamics
- DRC, M23 rebels to hold new round of talks in Doha - AFC official
- Kenya to face DR Congo in CHAN 2024 opener at Kasarani as CAF releases full fixture list
A delegation led by Group founder and royal family member Sheikh Mansour bin Jabor bin Jassim Al Thani met DRC Prime Minister Judith Suminwa in Kinshasa on Tuesday.
According to government officials, the company presented a letter of intent outlining multi-sector projects in agriculture, mining, finance, pharmaceuticals, and hydrocarbons. AFP reports that the development was confirmed on Wednesday.
The DRC deal follows a major tour by Al Mansour Holding across southern Africa in August, during which it pledged $70 billion (Sh9 trillion) across four countries.
Mozambique was promised $20 billion (around Sh2.6 trillion), while Zambia and Zimbabwe were each allocated $19 billion (about Sh2.5 trillion). Botswana is also expected to receive $12 billion (around Sh1.5 trillion) for projects in energy, infrastructure, tourism, and agriculture.
Qatar’s aggressive push
Altogether, Qatar’s recent financial commitments in Africa now exceed $90 billion (Sh11.6 trillion), signalling an aggressive push to strengthen both economic and diplomatic ties across the continent.
These investment pledges also come at a time when many African states are grappling with reduced US aid and seeking alternative funding partners.
Qatar’s financial pledge in the DRC is closely tied to Doha’s role as mediator in efforts to end clashes between government forces and the M23 rebel group.
Earlier this year, Qatar hosted talks between Congolese President Félix Tshisekedi and his Rwandan counterpart Paul Kagame, paving the way for a Washington-brokered peace agreement in June.
Separate negotiations between Kinshasa and the M23 were also launched in Doha in April, leading to a ceasefire deal in July, though fighting has continued in parts of North Kivu.
The DRC, rich in cobalt and copper, is considered especially strategic for Doha’s push to secure access to critical minerals while expanding its global influence.
Top Stories Today
