Conditions for the Judicious Implementation of the Joint Venture
or Win-Win Partnership in the Democratic Republic of Congo
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This study focuses on the use of the joint venture formula, an experiment attempted in the Democratic Republic of Congo by Gécamines, which had concluded partnership agreements with some foreign investors under the auspices of the Congolese government. In the end, it turned out that these partnerships did not achieve the expected results as they were not designed and implemented according to the rules of the trade, i.e. in due form. As a result, there is widespread corruption, failure to honour commitments, lack of transparency, arbitrary distribution of shares, countless privileges to the be...
This study focuses on the use of the joint venture formula, an experiment attempted in the Democratic Republic of Congo by Gécamines, which had concluded partnership agreements with some foreign investors under the auspices of the Congolese government. In the end, it turned out that these partnerships did not achieve the expected results as they were not designed and implemented according to the rules of the trade, i.e. in due form. As a result, there is widespread corruption, failure to honour commitments, lack of transparency, arbitrary distribution of shares, countless privileges to the benefit of foreign partners and to the detriment of local partners, resulting in the modest financial returns to the latter, including the failure to take into account the conditions or prerequisites for the judicious establishment of JVs. On this basis, we have advocated the conditions for the rational application of joint ventures of a political, legal, human rights protection, economic, technological, security and ethical responsibility nature. Moreover, some accompanying measures and appropriate management of these joint ventures were recommended to rationalize them for the benefit of the contracting parties in particular and the Congolese nation in general.
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