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China Eximbank provides RMB 1.05 billion government concessional loan for Ministry of Finance Information and Communications Technology Modernization Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Democratic Republic of the Congo Ministry of Finance |
| Country | Democratic Republic of the Congo |
| Start Date | Jan 01, 2020 |
| End Date | Oct 07, 2027 |
| Duration | 2,836 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92575 |
Grant Description
China Eximbank provides RMB 1.05 billion government concessional loan for Ministry of Finance Information and Communications Technology Modernization Project In the first quarter of 2020, China Eximbank and the Government of the Democratic Republic of Congo signed an RMB 1,050,000,000 government concessional loan (GCL) agreement for the Ministry of Finance ICT Modernization Project.
However, it is known that the borrower was expected to use the GCL proceeds to finance a commercial contract with Huawei Technologies Co., Ltd. worth approximately $150 million that was signed in 2014.
The purpose of the project is to modernize the computer systems of three state financial authorities: the General Directorate of Taxes (DGI), the General Directorate of Customs and Excise (DGDA) and the General Directorate of Administrative, Judicial, State and Shareholding Revenue (DGRAD). Huawei Technologies Co., Ltd. is the contractor responsible for implementation.
On November 2, 2023, Congolese Prime Minister Sama Lukonde Kyenge attended a ribbon-cutting ceremony to inaugurate a data center at the Ministry of Finance in Kinshasa.
At the ceremony, Congolese Minister of Finance Nicolas Kazadi said that the data center would promote modernization, good governance, and the anti-corruption campaign in the country.
Zhao Bin, Chinese Ambassador to the DRC, described the center as 'a major achievement of Sino-Congolese cooperation' in the field of digital information.
The data center is expected to help the Congolese authorities centralize, merge, secure, and store information on financial management activities.
Staff Comments
- The World Bank’s Debtor Reporting System (DRS) records the loan commitment value for the Ministry of Finance ICT Modernization Project as $171,438,376.
- The commercial contract with Huawei Technologies Co., Ltd. was on hold from 2014 to 2019 due to concerns about government debt limits.
- The Chinese project title is 财政部信息化建设和数字化转型项目.
- The data center inaugurated on November 2, 2023 appears to be just one component of the overall Information and Communications Technology Modernization Project. Its inauguration, then, has not been coded as the implementation end date, and the project status remains implementation.
Sources & References
- République Démocratique du Congo MINISTERE DES FINANCES
- République Démocratique Du Gongo Ministere Des Finances Direction Generale De La Dette Publique
- 进出口银行一季度海外贷款的6大项目 非洲为主
- Shuwen Zeng
- Excerpt containing the pages and sections of the 2019 Universal Registration Document that are incorporated by reference into the 2019 Annual Report on Form 20-F, 2013 Registration Document ANNUAL FINANCIAL REPORT
- Shuwen Zeng Lawyer Attorney
- FT completes USD196 million CCT deal
- FT enters DRC via CCT
- CCT relaunches as Orange RDC
- ZTE’s stake in Congo Chine Telecom up for grabs
- France Telecom inks Congo mobile deal
- The Disposal of 51% equity interests in Congo Chine Telecam S.A.R.L.
- France Telecom-Orange rachète 100% de l’opérateur mobile CCT (Congo Chine Telecom)
- DRS Official Commitments from China Through 2021
- 口行一季度海外贷款的6大项目 非洲为主
- République Démocratique du Congo Ministre des Finances Direction Generale de la Dettepublique
- 刚果某竞标人对华为公司执行刚果财税机构信息化合同提出质疑 - 知乎
- RDC - Informatisation des régies financières : Un soumissionnaire alerte sur l'attribution d'un marché de 150 millions $ à Huawei qui 'risque d'endetter le pays auprès d'Exim Bank'
- RDC: Avec l’appui d’Exim Bank of China et l’apport technique de Huawei, les Régies financières bientôt dotées d’un système d’informatisation des données
- Construction des maisons des Finances financées par Exim Bank via Huawei : le DGCMP refuse d’accorder l’avis de non objection, https://twitter.com/financesrdc/status/1291476402672488459
- 赵斌大使出席刚果（金）云数据中心启用仪式
- DR Congo PM inaugurates data center built by Huawei
- Chinese Loans to Africa Database (2022 Update)
- 赵斌大使出席刚果（金）云数据中心启用仪式 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Democratic Republic of the Congo Ministry of Finance
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