Latest news with #PatrickMuyaya
Saudi Gazette
a day ago
- Politics
- Saudi Gazette
Rwanda pulls out of regional bloc over DR Congo row
KINSHASA — Rwanda says it is pulling out of a central African regional bloc after a diplomatic row over its involvement in the conflict in the east of the Democratic Republic of Congo. The country was supposed to take up the chairman role of the Economic Community of Central African States (Eccas), which rotates between its 11 members. But it was prevented from doing so at a meeting on Saturday in Equatorial Guinea. Announcing its decision to leave Eccas, Rwanda said its right to take up the "chairmanship... was deliberately ignored in order to impose the DRC's diktat". As a result, it saw "no justification for remaining in an organization whose current functioning runs counter to its founding principles and intended purpose". The row comes as efforts to end the fighting in eastern DR Congo continue. Following US mediation, Rwanda and DR Congo are working on a draft peace plan that is expected to be signed later this to a statement from the Congolese presidency, the Eccas leaders at the summit "acknowledged the aggression against the Democratic Republic of Congo by Rwanda and ordered the aggressor country to withdraw its troops from Congolese soil".It added that until the dispute was resolved, it was decided that Equatorial Guinea would remain in the chairman role "to the detriment of Rwanda".In comments directed at Rwanda, Congolese government spokesman Patrick Muyaya said that "one cannot continually and voluntarily violate the principles that underpin our regional institutions and claim to want to preside over them".He added that the Eccas decision "should inspire other regional organizations to adopt a firmer stance against Rwanda".Rwanda has been accused of supporting M23 rebels in the east of DR Congo. The group has made major advances at the beginning of the year, taking the key regional cities of Goma and Congo's government, the US and France have identified Rwanda as backing the year, a UN experts' report said that up to 4,000 Rwandan troops were fighting alongside the Rwanda has denied the accusations, saying instead that its troops were deployed along its border to prevent the conflict spilling over into its has once before, in 2007, left Eccas, whose mission is to foster cooperation and strengthen regional integration in central Africa. It rejoined several years later. — BBC
Yahoo
2 days ago
- Politics
- Yahoo
Rwanda pulls out of regional bloc over DR Congo row
Rwanda has said it is pulling out of a central African regional bloc after a diplomatic row over its involvement in the conflict in the east of the Democratic Republic of Congo. The country was supposed to take up the chairman role of the Economic Community of Central African States (Eccas), which rotates between its 11 members. But it was prevented from doing so at a meeting on Saturday in Equatorial Guinea. Announcing its decision to leave Eccas, Rwanda said its right to take up the "chairmanship… was deliberately ignored in order to impose the DRC's diktat". As a result it "sees no justification for remaining in an organisation whose current functioning runs counter to its founding principles and intended purpose". The row comes as efforts to end the fighting in eastern DR Congo continue. Following US mediation, Rwanda and DR Congo are working on a draft peace plan that is expected to be signed later this month. According to a statement from the Congolese presidency, the Eccas leaders at the summit "acknowledged the aggression against the Democratic Republic of Congo by Rwanda and ordered the aggressor country to withdraw its troops from Congolese soil". It added that until the dispute is resolved it was decided that Equatorial Guinea would remain in the chairman role "to the detriment of Rwanda". In a comment directed at Rwanda, Congolese government spokesperson Patrick Muyaya said that "one cannot continually and voluntarily violate the principles that underpin our regional institutions and claim to want to preside over them". He added that the Eccas decision "should inspire other regional organisations to adopt a firmer stance against Rwanda". Rwanda has been accused of supporting M23 rebels in the east of DR Congo. The group has made major advances at the beginning of the year, taking the key regional cities of Goma and Bukavu. DR Congo's government, as well as the US and France, have identified Rwanda as backing the M23. Last year, a UN experts' report said that up to 4,000 Rwandan troops were fighting alongside the rebels. But Rwanda has denied the accusations saying instead that its troops were deployed along its border to prevent the conflict spilling over to its territory. Rwanda has once before, in 2007, left Eccas, whose mission is to foster co-operation and strengthen regional integration in central Africa. It rejoined several years later. Additional reporting by Emery Makumeno What's the fighting in DR Congo all about? The evidence that shows Rwanda is backing rebels in DR Congo 'We would vote for peace - if we had a vote' Go to for more news from the African continent. Follow us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica Focus on Africa This Is Africa
BBC News
2 days ago
- Politics
- BBC News
Rwanda pulls out of regional bloc over DR Congo row
Rwanda has said it is pulling out of a central African regional bloc after a diplomatic row over its involvement in the conflict in the east of the Democratic Republic of country was supposed to take up the chairman role of the Economic Community of Central African States (Eccas), which rotates between its 11 it was prevented from doing so at a meeting on Saturday in Equatorial its decision to leave Eccas, Rwanda said its right to take up the "chairmanship… was deliberately ignored in order to impose the DRC's diktat". As a result it "sees no justification for remaining in an organisation whose current functioning runs counter to its founding principles and intended purpose".The row comes as efforts to end the fighting in eastern DR Congo continue. Following US mediation, Rwanda and DR Congo are working on a draft peace plan that is expected to be signed later this to a statement from the Congolese presidency, the Eccas leaders at the summit "acknowledged the aggression against the Democratic Republic of Congo by Rwanda and ordered the aggressor country to withdraw its troops from Congolese soil".It added that until the dispute is resolved it was decided that Equatorial Guinea would remain in the chairman role "to the detriment of Rwanda".In a comment directed at Rwanda, Congolese government spokesperson Patrick Muyaya said that "one cannot continually and voluntarily violate the principles that underpin our regional institutions and claim to want to preside over them".He added that the Eccas decision "should inspire other regional organisations to adopt a firmer stance against Rwanda".Rwanda has been accused of supporting M23 rebels in the east of DR Congo. The group has made major advances at the beginning of the year, taking the key regional cities of Goma and Congo's government, as well as the US and France, have identified Rwanda as backing the year, a UN experts' report said that up to 4,000 Rwandan troops were fighting alongside the Rwanda has denied the accusations saying instead that its troops were deployed along its border to prevent the conflict spilling over to its has once before, in 2007, left Eccas, whose mission is to foster co-operation and strengthen regional integration in central Africa. It rejoined several years reporting by Emery Makumeno You may also be interested in: What's the fighting in DR Congo all about?The evidence that shows Rwanda is backing rebels in DR Congo'We would vote for peace - if we had a vote' Go to for more news from the African us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica
Yahoo
24-03-2025
- Business
- Yahoo
DRC considering extension of cobalt export ban
The Democratic Republic of Congo (DRC), the world's largest cobalt producer, is contemplating an extension to its cobalt export ban, which was initially set at four months due to a decrease in the metal's price, reported Reuters. The ban, which commenced in February, aimed to address the global oversupply and stabilise the market. DRC also plans to enforce cobalt export quotas and collaborate with Indonesia, another major producer, to regulate pricing and supply. In addition, the DRC regulator has introduced stricter regulations for the domestic cobalt industry, prohibiting the mixing of cobalt from artisanal sources with that from industrial mining. The DRC's Katanga region is known for its extensive cobalt mining activities, both industrial and artisanal. After a cabinet meeting, Government Spokesperson Patrick Muyaya reported a more than 50% rise in cobalt prices since the DRC's decision to halt exports. President Felix Tshisekedi's statement, as quoted by Muyaya, underscored the necessity of maintaining the export ban, with an evaluation planned at the end of the four-month period to determine whether to prolong the ban or implement new measures for market stability. Cobalt futures prices in China jumped more than 9%, driven by strategic purchasing by China and discussions of the DRC's potential extension of the export ban. Chinese-listed CMOC Group and London-listed Glencore are the largest cobalt producers in the DRC. CMOC previously boosted its cobalt output to around 114,000 tonnes (t) from 56,000t by ramping up copper production at its two mines. Since February, prices on China's Wuxi Stainless Steel Exchange have increased by 55%. The National Food and Strategic Reserves Administration of China has been actively making price inquiries and bidding for metals including cobalt, as reported by Bloomberg News. "DRC considering extension of cobalt export ban" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
24-03-2025
- Business
- Reuters
Cobalt prices surge on China's stockpiling plan and export ban extension threat
March 24 (Reuters) - Cobalt futures prices in China jumped more than 9% on Monday fuelled by China's strategic buying of cobalt and talks of extension of export ban from the Democratic Republic of Congo, the top supplier of the battery material. Prices on China's Wuxi Stainless Steel Exchange have surged by 55% since February. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. China's National Food and Strategic Reserves Administration, which manages official commodities stockpiles, made price inquiries and bidding for the metals, including cobalt, copper, nickel and lithium, Bloomberg News reported last Friday, without details on volumes or timing. Congo could extend a four-month export ban on cobalt introduced in February following a sharp drop in the metal's price, government spokesperson Patrick Muyaya said last Friday. The world's top producer of cobalt halted the metal's exports in February in a bid to curb a global supply glut and stabilise the market.
