Don’t Be in a Rush to Do Business in World’s Top Cobalt Producer
- Five months on, President Tshisekedi hasn’t named a cabinet
- Presidential adviser cites large number of investor requests
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When a foreign investor with multimillion-dollar projects across Africa was told the president of the Democratic Republic of Congo wanted to see him, he booked a suite at one of the country’s top hotels. After six days of waiting, he left.
Since Felix Tshisekedi took the helm of the world’s biggest cobalt producer almost five months ago, private planes jam the main airport in Kinshasa, the capital, and hotel lobbies teem with businessmen and Congolese who’ve returned from countries such as the U.S. and South Africa with hopes of working with his administration. But it’s been slow going. Tshisekedi only appointed a prime minister last month and hasn’t yet named a cabinet.