Afran : Congo's Kabila heads to South Korea for deals
on 2010/3/27 16:46:33
Afran



KINSHASA (Reuters) - Congo's President Joseph Kabila will lead a delegation to South Korea this weekend to discuss deals in infrastructure, health and mining, Korean and Congolese officials said on Friday.

The talks come as the Central African nation, shaken by years of corruption and violence, increasingly seeks to strengthen ties with Asian partners viewed as less critical than the West on human rights and governance issues.

The president, who will spend three days in the country, will be accompanied by seven ministers, including those from infrastructure, minerals, energy, health and education, as well as the head of the country's business federation.

Among the deals at stake is the development of Democratic Republic of Congo's first deepwater port on the tiny coast, according to an official at South Korea's embassy in Kinshasa.

"We are deeply engaged in discussions over the port at Banana," said the embassy official. Congo only has a river port at Matadi, some 150 km from the western strip of coastline.

Estimates suggest building a deepwater port at Banana, which has been slated since the 1980s and would give access to container ships carrying imports and mineral exports, would cost $300-400 million.

"We've built things that people never thought possible before," said the embassy official, rejecting concerns that Banana offers too technically complex a prospect.

Kabila will visit South Korea's largest port city Busan, the official said.

No deal on the port is likely to be finalised during the visit, but bilateral accords will be signed on health and higher education in the central African nation.

"They want to invest in infrastructure and energy, and we can sell their cars here," said an official in Congo's ministry of foreign affairs, whose minister forms part of the delegation. "But we've not yet negotiated over mines."

LOOKING TO ASIA

The Congolese official said the government would not agree minerals-for-infrastructure along the lines of a controversial deal signed last year with China, however.

"It's not going to be like with the Chinese. We have to respect the agreement with the World Bank and IMF in order to reach completion point for debt relief. Even the Koreans know that," said the official.

China last year signed a deal worth an initial $9 billion to build infrastructure in exchange for some of Congo's vast copper reserves in the south of the country.

The deal was reduced to $6 billion and the debt component reduced after the IMF, which is trying to relieve the bulk of Congo's $11 billion debt by the end of June, intervened.

Congo has asked the world's largest peacekeeping force, comprising close to 22,000 U.N. troops, to leave the country in 2011, during which presidential elections are due to be held.

"It's clear that the president is getting fed up with the Western donors and looking to Asia," said a Western diplomat. "China is much less critical of government and on human rights, but South Korea is more attached to macroeconomic stability."

South Korea is keen to build a long-term relationship with Congo, promoting cultural exchange as well as private business deals to be discussed next week, the embassy official said.

"We really feel like we have something to offer to a country like Congo from our own experience, having been a much poorer country than Congo 50 years ago. And now we are chairman of this year's G20," the official added.

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 16:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 14:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 14:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 14:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 12:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 11:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 17:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 17:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 16:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 16:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 16:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 15:57:52 - We Will Protect Water Catchments
2023/7/2 15:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 14:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 13:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 11:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 16:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 16:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 16:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 16:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.