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DRC – Anti-government protests will continue in southern areas over coming months

Predictions

  • Lengthy jail sentence for president’s chief of staff following graft conviction will not trigger broader anti-corruption drive
  • President’s reliance on former President Kabila’s party to ensure legislative majority will continue to undermine promises to step up anti-graft efforts
  • Persistent inability to combat corruption and ongoing influence of Kabila and his allies will sustain major legal, reputational and operation risks

Event

President Felix Tshisekedi’s chief of staff Vital Kamerhe was sentenced to 20 years in prison on 20 June after pleading guilty to charges of diverting up to USD 50 million of funds earmarked for a government social housing development project. Kamerhe was initially arrested on 8 April, which triggered disruptive protests in his hometown Bukavu, in the South Kivu province.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.