Tag: DRC

AQUAtap Oasis Partnership SARL collaborates with Orange DRC to pioneer digital distribution of clean water

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DRC – AQUAtap Oasis Partnership SARL, a joint venture between Canadian Quest Water Global and Kalo Products SARL based in the Democratic Republic of the Congo, has partnered with telecommunication company, Orange DRC to foster an easier and reliable mode for the citizens to access clean water. Quest Water Global, is an innovative water technology company and developer of the fully automated, solar-powered AQUAtap water purification, desalination, and distribution technology. Under the partnership, Orange DRC will enhance AQUAtap Oasis’ ability to serve the DRC population in securing access to clean…

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Clean Vision Corporation to invest US$30m in waste plastic to energy pyrolysis plant in DRC

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DRC -Clean Vision Corporation subsidiary of Clean-Seas has signed a letter of intent to build and operate a waste plastic-to-energy pyrolysis plant in Kinshasa in the Democratic Republic of Congo (DRC) with a US$30million CAPEX price tag. The country’s Ministry of the Environment estimates that more than 9,000 tons of municipal solid waste (MSW) is collected and disposed of daily and this waste is being incinerated or dumped in landfills that are rapidly reaching capacity. Clean Vision Chief Executive Officer Dan Bates said Africa has always been one of their…

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Namibia Breweries quenches thirst of beer lovers in DRC, signs distribution deal

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DRC – The introduction of Namibia Breweries Limited’s beer brands in other markets across the region and overseas is gaining momentum, following the company’s recent partnership with Congolese Terra Trading Distribution SARL. NBL, the largest beverage manufacturer in Namibia, has appointed Terra Trading Distribution SARL as the sole importers of the various brands within its portfolio to the Democratic Republic of the Congo (DRC). The partnership will see the brewer’s stalwart Windhoek brand, distributed nationwide alongside the McKane range of premium mixers. According to the subsidiary of Ohlthaver & List…

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OPEC Fund loans US$65M to DR Congo and Senegal to boost food security

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AFRICA – The OPEC Fund for International Development is providing two loans totalling US$45 million to help increase the supply of potable water and boost food security in the Democratic Republic of Congo (DR Congo). The OPEC Fund has also signed a US$20 million public sector loan agreement with Senegal to co-finance a project that will boost food security and incomes for around 300,000 people, with a strong focus on women and youth. For DR Congo, a US$30 million loan will support the Ozone Water Supply Project to provide around…

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Nespresso launches Kahawa ya Congo in the US through its Reviving Origins program

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DRC – Nespresso, the coffee operating unit of the Nestlé Group has launched a new range of organic coffee, Kahawa ya Congo, in the US, sourced from the fertile volcanic slopes of eastern Democratic Republic of Congo, under its unique Reviving Origins program. The Reviving Origins program is an integral part of the Nespresso AAA Sustainable Quality Program, the brand’s sustainable sourcing model in coffee producing countries. Launched in 2019, the CHF10 million (US$10.3m) program is set to run for five years (2019-2023) and aims to restore coffee production in…

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Feronia sells stake in DRC palm oil subsidiary to investment company KKM

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DRC – Feronia Inc. an agribusiness company operating in the Democratic Republic of the Congo (DRC), has entered into a definitive purchase agreement with Straight KKM 2 Limited (KKM) to sell its equity interests in its operating subsidiary, Plantations et Huileries du Congo (PHC). PHC is Feronia’s palm oil business which it acquired from Unilever in 2009. It produces crude palm oil (CPO) and palm kernel oil (PKO). KKM is an entity incorporated in Mauritius primarily owned by a number of funds for which Kuramo Africa Opportunity Offshore Fund II…

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IFAD finances US$130.4m program in DRC to build resilience of small-scale farmers

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DRC – The Democratic Republic of the Congo (DRC) has partnered with the International Fund for Agricultural Development (IFAD) to undertake the US$130.4m Inclusive and Resilient Rural Development Programme (PADRIR), targeting to better nutrition in the country and build resilience for small-scale farmers. The programme funding includes a US$26.6 million loan and US$9.8 million grant from IFAD. In addition, the government of DRC is providing US$14.7 million, with a further US$3.3 million contributed by beneficiaries themselves. International co-financiers and development partners have committed a total of US$75.9 million. The financing…

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Germany injects US$54m to support small-holder farmers in Congo

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CONGO – The German Federal Ministry for Economic Cooperation and Development (BMZ), through the German Development Bank KfW, has contributed EUR 50 million (US$54 million) to a resilience building programme to be implemented by FAO, UNICEF and the United Nations World Food Programme (WFP) in the east of the Democratic Republic of the Congo (DRC). The programme was launched on 4 March in Goma and on 6 March in Bukavu by the Governors of North and South Kivu, senior representatives of WFP, FAO and UNICEF, representatives of the respective provincial…

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Simbisa Brands full year profits increases 134% amid economic hardships

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ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the year ended June 30, 2019 jumped by 134% to US$32 million despite a decline in total customer count. Zimbabwe, which is its largest market has been going through inflationary pressures, foreign currency challenges which led to erosion of consumer spending as prices of goods and services skyrocketed. This led to the fast food giant suffering a net foreign exchange loss of ZW$2.7 million (US$7,400) as it experienced technical challenges regarding compliance with the applicable accounting standards,…

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Zambia to export 600,000 metric tons of maize to DRC in 2020

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ZAMBIA – Zambia has signed an agreement with the Democratic Republic of Congo that will see the country Export about 600,000 metric tons of Maize and meali meal to the DRC starting in 2020. The Memorandum of understanding is aimed at Commercialising maize exports to the DRC which has been smuggled for a long time and the agreement will ensure that a well-structured regime is put in place to promote trade. Zambia’s Minister of Agriculture Michael Katambo emphasised that exports in maize and maize products will commence next year after…

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