AGL 38.28 Decreased By ▼ -1.30 (-3.28%)
AIRLINK 125.00 Decreased By ▼ -6.22 (-4.74%)
BOP 6.82 Increased By ▲ 0.01 (0.15%)
CNERGY 4.47 Decreased By ▼ -0.24 (-5.1%)
DCL 7.90 Decreased By ▼ -0.54 (-6.4%)
DFML 37.32 Decreased By ▼ -4.15 (-10.01%)
DGKC 77.90 Decreased By ▼ -4.19 (-5.1%)
FCCL 30.70 Decreased By ▼ -2.40 (-7.25%)
FFBL 69.40 Decreased By ▼ -3.47 (-4.76%)
FFL 11.87 Decreased By ▼ -0.39 (-3.18%)
HUBC 105.00 Decreased By ▼ -5.74 (-5.18%)
HUMNL 13.53 Decreased By ▼ -0.98 (-6.75%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.20 Decreased By ▼ -0.41 (-5.39%)
MLCF 36.29 Decreased By ▼ -2.61 (-6.71%)
NBP 65.60 Increased By ▲ 1.59 (2.48%)
OGDC 180.50 Decreased By ▼ -12.32 (-6.39%)
PAEL 24.59 Decreased By ▼ -1.09 (-4.24%)
PIBTL 7.19 Decreased By ▼ -0.15 (-2.04%)
PPL 143.80 Decreased By ▼ -10.27 (-6.67%)
PRL 24.30 Decreased By ▼ -1.53 (-5.92%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.50 Decreased By ▼ -3.80 (-4.62%)
TELE 7.18 Decreased By ▼ -0.58 (-7.47%)
TOMCL 32.30 Decreased By ▼ -1.16 (-3.47%)
TPLP 8.20 Decreased By ▼ -0.29 (-3.42%)
TREET 16.00 Decreased By ▼ -0.62 (-3.73%)
TRG 54.44 Decreased By ▼ -2.96 (-5.16%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.28 Decreased By ▼ -0.09 (-6.57%)
BR100 10,099 Decreased By -405 (-3.86%)
BR30 29,558 Decreased By -1668.3 (-5.34%)
KSE100 94,901 Decreased By -3179.1 (-3.24%)
KSE30 29,540 Decreased By -1018.3 (-3.33%)

President Nicolas Sarkozy, in Africa with a team of French executives eager for deals, urged Congo and its former enemies on Thursday to launch a new partnership based on exploiting the regions natural riches. Sarkozys appeal in the Democratic Republic of Congo helped calm the anger of some Congolese who interpreted his call in January for the vast country to "share the wealth" of eastern provinces with neighbouring Rwanda as a slight on sovereignty.
"I have certainly not come to tell you what to do," Sarkozy told Congos parliament on the first visit by a French president in 25 years. "The truth is that the peoples of central Africa will not change their address, nor the laws of nature. If they cooperate as good neighbours, they will be rich and peaceful. But if it is survival of the strongest, they will remain poor and unhappy."
A tussle for mineral riches, as well as national and ethnic rivalries, fuelled over a decade of conflict in the region. Sarkozys delegation includes executives from firms keen to get contracts to rebuild a country devastated by long neglect as well as war. Frances state-controlled nuclear energy group Areva signed a uranium mining and prospecting deal with Congo.
Sarkozy commended Congolese President Joseph Kabila for reducing tensions with former enemies Uganda and Rwanda. Kabila has allowed soldiers from both countries, who fought against him alongside Congolese rebels in a 1998-2003 war, to hunt down rebel militia groups operating in the former Belgian colonys lawless eastern borderlands.
Opposition parliamentarian Thomas Luhaka said Sarkozy had made clear his comments in January were misunderstood. "I think it was very important to clear that up," he said.
Sarkozy is travelling with executives from groups including France Telecom, the worlds top cement maker Lafarge and Vinci, the biggest public works and transport concessions group, which is set to renovate Kinshasas airport. He crossed the Congo river by helicopter to Brazzaville, capital of the smaller Republic of Congo, a former French colony with longstanding business and political links to Paris. French companies, led by Total, dominate its oil industry. On Friday he will visit Niger, a major source of uranium for Areva, which is creating a huge new mine there.

Copyright Reuters, 2009

Comments

Comments are closed.