Last year an in-depth investigation by Bloomberg business news revealed that Congolese President Joseph Kabila’s family have a network of business interests in the country including stakes in Congo’s biggest mobile-phone company and one of its largest banks.
“The sprawling network may help explain why the president is ignoring pleas” to hand over power, the site said at the time.
Seven months on and Mr Kabila has still not relinquished power even though his constitutionally-limited time in office has come to an end. This time Bloomberg has turned its attention to the president’s brother, Zoe, who is a member of parliament.
It has found that over the past seven years, the Canadian company Ivanhoe Mines has sold five mining licenses to Zoe’s companies. Bloomberg points out that none of the companies have been accused of wrongdoing and it is not illegal to do business with a sitting member of parliament.
Still, it says, the Kabilas’ commercial interests extend across the economy making it difficult for corporations to operate without coming into contact with a company that has ties to a member of the ruling family.
Culled from the BBC