Democratic Republic of Congo: Latest News

  • Moody’s Downgrades Four African Economies on Oil Concerns

    Moody's By Kevin Mwanza, 4:02 am

    Global credit rating agency Moody’s downgraded Africa’s two largest oil producers, Nigeria and Angola, as it cut ratings on four African economies over the impact of lower oil prices on the international market. Moody’s said it was concerned over the impact depressed oil prices have on the liquidity, balance sheet and credit worthiness of Nigeria, Angola, Gabon and the Democratic republic of Congo (DRC).

  • African Life Expectancy Rising: Governments Must Be Doing Something Right

    African Life Expectancy Rising By Dana Sanchez, 10:54 am

    Investment in HIV/AIDS treatment is paying off. From 2000 to 2015, all sub-Saharan African countries saw life expectancy rise. Seven African countries are notable for their health care systems. This provides an upbeat alternative to the gloom of the Africa falling narrative that questions the growth of Africa’s much-hyped rising middle class and charges African leaders with poor governance.

  • South Africa’s Eskom To Export Electricity To Other African Countries In $23.5B Plan

    Eskom By Kevin Mwanza, 10:01 am

    South African state-owned power utility firm Eskom is eyeing new business opportunities in the rest of Africa and would use a $23.5 billion five-year expansion plan to enter a number of African countries. Brian Molefe, Eskom’s chief executive, said on Tuesday that the electricity producer and supplier will looking for opportunities in the Democratic Republic of Congo, Mozambique and Uganda, in this financial year.

  • Papa Wemba: 8 Things You Didn’t Know About the ‘King of Congolese Rhumba’

    Papa Wemba By Kevin Mwanza, 8:32 am

    Flamboyant popular Congolese musician Papa Wemba, 66, collapsed and died during a live performance on Saturday night at the Urban Music Festival in Abidjan, Ivory Coast. The cause of his death is yet to be established. The musician, also known as the ‘king of congolese rhumba’, was popular across Africa for his flashy sense of dressing and his band’s guitar-based fusion of Latin, rock and African styles that inspired a generation of African musicians.

  • Could Worst Yellow Fever Outbreak In Three Decades Hurt Tourism In Africa?

    By Kevin Mwanza, 10:17 am

    An outbreak of yellow fever that started in Angola in December has spread to at least 16 other countries threatening to hurt travel business in Africa the way the Ebola virus in West Africa did a few years ago. This is the worst yellow fever outbreak recorded in over 30 years and has already killed 238 people and affected thousands others in several countries in sub-Saharan Africa, including Angola, Uganda, Rwanda and the Democratic Republic of Congo

  • M&A Africa: Orange Completes $160M Purchase Of Tigo In DRC

    Soccer sponsors - Confederation of African Football. Tigo - Sponsor African Soccer By Kevin Mwanza, 10:51 am

    French-owned Orange said on Thursday it had completed a $160 million acquisition of Millicom’s subsidiary in the Democratic Republic of Congo, Tigo. In February, Orange announced it had reached an agreement with Millicom to buy 100 percent of its stake in Tigo as it sought to increase its presence in the second-largest mobile market in Central and West Africa after Nigeria. There are more than 40 million mobile phone subscribers in DRC.

  • FIFA President Infantino Wants More African WC Spots

    FIFA President Infantino By Peter Pedroncelli, 5:52 am

    New FIFA president Gianni Infantino has suggested that Africa should receive two more World Cup qualification spots if his plan to expand the flagship competition from 32 to 40 teams is successful. Swiss UEFA Secretary General Gianni Infantino was elected as the new FIFA president at the end of February, and began working for world football’s governing body with immediate effect.

  • Ethiopian Airlines To Serve Newark Airport Rather Than New York

    Ethiopian Airlines to serve Newark Airport By Dana Sanchez, 12:03 am

    Ethiopian has served Newark in the past but suspended service in 2004 in order to serve Washington Dulles International Airport instead. Ethiopian said it would resume service to the New York metropolitan area. The service will allow passengers to connect between Newark and many cities throughout Africa, according to Ethiopian Airlines. Newark will become Ethiopian’s 93rd international gateway and its fourth gateway in North America. Ethiopian says it has had average annual growth of 25 percent the past seven years.

  • Yellow Fever Spreads In Africa As World’s Vaccine Supply Depleted

    yellow fever By Staff, 5:07 am

    The yellow fever outbreak that started in December 2015 has killed hundreds of people in Angola. The often fatal mosquito-borne disease has now spread to the Democratic Republic of Congo (DRC) where it has already killed 21 people. The present outbreak is the worst in Angola in over 30 years and the disease has since spread to 16 or the country’s 18 provinces. This week, the DRC is reporting that 21 people have died from yellow fever, many of the deaths being people who had contracted the disease in Angola.

  • Diversify And Conquer: How An Angolan Logistics And Transport Firm Is Getting Into Everything

    Angolan Logistics And Transport Firm By Dana Sanchez, 4:41 pm AFKI Original

    Founded by an entrepreneurial Angolan couple, AJS transported goods in and out of Luanda during the Angolan civil war when no one else would. The family-owned company didn’t just survive. It’s now Angola’s No. 1 logistics provider, and wants to tell its story to the world at a time when competition is mounting. Logistics and transport are often cited as some of the best investment opportunities in Africa. AJS CEO Luis Silva talked to AFKInsider about how the company is differentiating.

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