Sequel to the New Narrative on Infrastructure Development for PNG [ Part 2]
A case Study of The Sicomine , Mining Development Contract between China & the Democratic Republic of Congo By Gabriel Ramoi When Xi Jinping became Premier of China the first trip he took outside of China in 2013 was not to Australia where it imports most of its mineral from nor did he go to the United States to discuss world global security issues with Obama in his role as a leader of an emerging world power instead Xi Jinping travelled to the poorest Nation on earth , the Democratic Republic of Congo [ Formerly Zaire] to stamp his mark internationally on the trajectory of Chinese peaceful intension to engage the world economically by financing Infrastructure Development in that Country. Xi Jinping arrived in Congo with two of his State Banks , The China Development Bank and the Import Export Bank of China to sign off a loan of US$9.25 Billion to the Government of DRC to build essential infrastructure in that country in exchange for Congo