Egypt boosts investment in Congo, hoping to secure support in Nile dam crisis
As Egypt seeks to grow its influence in Congo by boosting investments, Kinshasa takes over the chairmanship of the African Union, which is currently sponsoring the negotiations to resolve the dispute over the Grand Ethiopian Renaissance Dam.
Egypt is expected to direct more investments into the Democratic Republic of the Congo amid Egyptian efforts to have greater influence in the country.
The Egyptian and Congolese governments signed a series of agreements in various fields, including in infrastructure, energy and drinking water, during the visit of Congolese President Felix Tshisekedi to Cairo on Feb. 2.
The two governments inked an agreement to build the Tshipuka solar park in Congo. As per the agreement, the solar park’s construction was entrusted to a consortium composed of the Egyptian company Hassan Allam Construction — a subsidiary of Hassan Allam Holding, a leading, privately owned engineering, procurement, construction, building materials and utility development company — and Power Generation Engineering and Services Company — a privately held engineering consultancy based in Egypt focusing on the civil engineering, electrical engineering and energy sectors.
The $19.7 million photovoltaic power station in Tshipuka aims to resolve Kasai-Oriental province’s electricity problems by generating 10 megawatts of clean and sustainable energy.
