DRC: After Fortescue Metals, “Westminster Group PLC” signed an agreement with RVA for the modernization of airports

We can never say it enough. Through his efforts, Head of State Félix-Antoine Tshisekedi is determined to restore the DRC to its former value. The DRC, as we can see, is on the way to become again not only attractive in the eyes of investors of the world but also and above all frequentable. Félix Tshisekedi managed to convince two big investors, one from Australia and the other from England. Fortescue Metals Group, an Australian listed company (ASX: FMG), agrees to invest several billion dollars in the hydroelectric potential of the DRC, in particular the sites of Inga, Mpioka and Matadi for the production of hydrogen , ammonia, fertilizers and green metal treatment. For its part, Westminster Group PLC, a leading company listed on the AIMS Stock Exchange in London, operating in the security, technology and infrastructure services sector, is ready to invest in airport upgrades.

When he took office in 2019, the President of the Republic, Félix-Antoine Tshisekedi, invited eminent global investors to take a new look at the new Democratic Republic of the Congo. Despite a slowdown caused by the coronavirus (Covid-19) pandemic, more and more leading investors from all over the world are coming to the DRC to explore the terrain and the opportunities.

The signals have been favorable under the leadership of President Tshisekedi. As recently as last week, the DRC welcomed Australian billionaire Andrew Forrest, chairman of Fortescue Metals Group, a company listed on the Australian Stock Exchange (ASX: FMG) to Kinshasa and Goma, in accordance with the group’s interests. to invest several billion dollars in the hydroelectric potential of the DRC, in particular the sites of Inga, Mpioka and Matadi for the production of hydrogen, ammonia, fertilizers and the treatment of green metals. A Memorandum of Understanding was signed between FMG and the DRC in September 2020, in the presence of President Tshisekedi, Sylvestre Ilunga Ilunkamba, then Prime Minister, and some members of the government. Contract negotiations are underway, under the direction of the Special Advisor to the Head of State on Infrastructure, Alexandre Kayembe, in strict compliance with the commitments made by the DRC to South Africa and the regulations in force. The special adviser to the head of state, in charge of the case from the start, is therefore leading these negotiations.

Production sharing

“The production sharing model is preferred to allow the DRC to have access to its quota from production rather than dividends that we hardly receive,” confirms advisor Kayembe.

According to our knowledgeable sources, there is a paradigm shift. DRC electricity is no longer used as a market product but rather as an input for the production of high added value products. This project will generate the creation of more than 500,000 direct and indirect jobs, at all hierarchical levels, even decision-making positions. Related infrastructure such as roads, bridges and a deep water port to serve these new industrial production sites for hydrogen, ammonia, etc., will also be part of the project. With this transformative project, the DRC aims to become a major player in the global energy transition towards a circular green economy based on hydrogen.

Westminster Group PLC-RVA: Modernization of airports

In addition to Fortescue Metals Group, Westminster Group PLC, a leading AIMS Stock Exchange London-listed company operating in the security, technology and infrastructure services sector, has also signed a partnership agreement with the Airways Authority (RVA) on its plans for the modernization of N’Djili international airport and 4 other airports in the DRC, in the presence of the Ambassador of the United Kingdom in the DRC, Emily Maltman.

President Tshisekedi actively supports the development of infrastructure and security as key components of his vision for the DRC as a regional hub for aviation and tourism.

Led by RVA, Westminster Group will invest its own capital in upgrading airport security equipment, systems and employee training on a Build-Operate-Transfer (BOT) basis. Current Westminster clients include the British Parliament and a host of airports and critical infrastructure around the world. This pioneering partnership between RVA and Westminster Group will solidify the key pillars of President Tshisekedi’s development agenda focused on people’s well-being, peace, security, skills development, technology transfer and regional integration.

Lepotentiel

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