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Article: Supping with the devil?(Dateline USA)(includes related article on the passage of US Africa trade bill)(US companies' renewed interest in Congo's natural resources)
- Article from:
- African Business
- Article date:
- September 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The recent Lusaka peace agreement and windfall revenues from diamond sales have raised some optimism about the DRC's economic future. However, Laurent Kabila's capricious nature remains a deterrent to meaningful foreign investment.
The 10 July signing of the Democratic Republic of Congo peace agreement in Lusaka has revived cautious interest in the Congo's resources by US corporations. While adopting a wait-and-see attitude, American mineral companies have nevertheless dusted off feasibility studies on many of their previously shelved projects.
"We keep an eye on the Congo's chaotic situation," contends Bill Harcourt, a senior analyst with a Houston ...