ARSP Cancels Three Subcontracting Contracts Worth Estimated $1 Billion for Law Violation
CRSN (CREC 7, CREC 9) and INTERNATIONAL FOURTEENTH FIRST CONGO SARL are the first two companies affected by this cancellation measure, both held by shareholders of SICOMINES disguised as subcontractors for excavation works within the same main company. The third company sanctioned for the same offense is BANGDE CONSTRUCTION.
Despite not being eligible, these three subcontractors alone hold contracts worth over a billion dollars, which constitutes a violation of the law.
Therefore, this measure will enable companies with majority Congolese capital to obtain more contracts in line with the vision of the Head of State, which aims to see the emergence of an effective middle class in the DRC.
