'The question is why would [Euroclear - new Top 10 shareholder in AVZ]
a Belgian based financial services company with ~4000 employees and numerous divisions across Europe (or their client) want to invest in little ol' AVZ?'
Morning all.
With regards to our new European investor and the above musings (question), things have just become a lot clearer.
Just days after Euroclear became a Top 10 shareholder in AVZ, Belgium has announced the revitalisation of diplomatic relations with the DRC and has just signed an MOU.
Reynders and De Croo confirm the revitalization of diplomatic relations with the Democratic Republic of Congo (DRC) 17/09 - 18:20
'Before welcoming President Tshisekedi on the occasion of his first official visit to Belgium, Deputy Prime minister and Minister of Foreign affairs Didier Reynders met with his Congolese counterpart Marie Tumba Nzeza at Melsbroek.
Today, the two ministers signed a Memorandum of Understanding (MoU) on the regular holding of bilateral political consultations, following an intergovernmental meeting at the Egmont Palace. In addition to the reinstatement of Ambassadors in both countries, this document includes the reopening of Consulates General in Antwerp and Lubumbashi, and support to the National School of Administration (Ecole nationale d’administration, ENA) in Kinshasa, as well as training of Congolese diplomats.
Deputy Prime minister, Minister of Finance and Development Cooperation Alexander De Croo signed an MoU on the continuation of governmental cooperation and the consolidation of programs in progress, accompanied by a transitional program. It is up to the next federal government to conclude a new cooperation agreement.
In addition, a Memorandum was concluded allowing for the revival of the cooperation in the field of finance. The resumption of central bank cooperation was also examined.
The signature of the MoUs demonstrates the will of both countries to strengthen their diplomatic relations, and confirms the revitalization of the close relationship that exists between the DRC and Belgium, in the framework of a reciprocal partnership reconnecting with growth and sustainable development.
Belgium, together with its international partners, is committed to support the efforts and reforms announced by the Congolese authorities, taking into account concrete progress in favor of the people.
Distributed by APO Group on behalf of Kingdom of Belgium – Foreign Affairs, Foreign Trade and Development Cooperation. '
https://www.africanews.com/2019/09/...ns-with-the-democratic-republic-of-congo-drc/
The official twitter site for the DRC President's office added the following which Google and I have translated for your convenience:
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Note that even though Lithium isn't directly mentioned here, Cassiterite is a Tin Oxide mineral.
In summary, I strongly believe that the stage is set for further strategic investment in AVZ from Europe and abroad in the days/weeks/months ahead, and as per my previous post
40472638 European Auto (and for that matter other Western OEMs - namely Japan, Korea and the US) would be well versed to be a part of that.
Certainly current advanced negotiations with potential partners must be getting very interesting by now i.e. knowing what we & they know.
August 2019 photo
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Finally, growing evidence suggests that President Tshisekedi is the real deal IMO (certainly not a dictator) and as you can see from the video below, he is proving to be a very popular President amongst his people, including Congolese expats in Europe.
GLTA
Cheers
Elpha
