The Sicomines agreement revisited: prudent Chinese banks and risk-taking Chinese companies

Johanna Jansson

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

The Sicomines ‘minerals-for-infrastructure' agreement struck between the Congolese government and a consortium of Chinese companies in 2007 is one of the most well-known embodiments of the Chinese presence in Africa. This briefing analyses recent developments in the implementation of the agreement. With important expenses incurred in the DRC, the Chinese parties to the agreement are still negotiating for a financing arrangement in China. This illustrates that China is no monolith in its overseas activities. While China’s banks are cautious, the real risk-takers in the context of the Sicomines agreement are the Chinese companies.
Original languageEnglish
JournalReview of African Political Economy
Volume40
Issue number135
Pages (from-to)152-162
ISSN0305-6244
DOIs
Publication statusPublished - Mar 2013

Keywords

  • Democratic Republic of Congo
  • China
  • Finance
  • Infrastructure
  • Mining
  • African politics

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