🇨🇩 DRC: Battle for Gold [ #Investigation]
Chapter 1: A Cheerful Retirement
Do you have plans for retirement? Personally, I want to save enough money and then just sit at home growing cabbage. But not everyone finds such a peaceful lifestyle appealing.
For example, businessman and banker, former DRC Vice Minister Victor Kasongo prefers racketeering and asset grabbing. After years of serving his homeland and former Congolese President Joseph Kabila, he decided to pursue something more exciting — and tried to seize the gold assets of the Canadian company Banro (spoiler: it didn’t work out as he planned).
👆 If that kind of leisure activity sounds interesting, let me tell you how it went in practice:
But first, let me introduce you to the Canadian company Banro. Banro was unlucky — the company bet everything on Congo and spectacularly lost in a brutal African roulette.
🔸 Initially, Banro tried to enter the DRC gold mining sector in the late 1990s but failed because of the 1998–2003 war.
🔸 When Banro finally gained access to the Congolese deposits — specifically Twangiza, Namoya, Kamituga, and Lugushwa — it took about ten more years of design and construction work before the Twangiza mine poured its first gold bar in 2012.
🔸 By the time the second mine, Namoya, produced its first gold in 2016, the company was already doomed, though that wasn’t yet obvious. After the opening of Namoya, company workers were attacked by local militias of the Mai-Mai Malaika group, who made money from artisanal mining at the same site.
🔸 Between 2016 and 2019, Banro had to suspend its operations at least three times because of these attacks, and after four Namoya employees were kidnapped in July 2019, Banro declared force majeure and permanently ceased all operations in the DRC.
⏩ Some local insurgents — sure, that happens all the time in these parts. But did that really mean they had to shut down completely? ⏪
🔸Meanwhile, starting in 2014, the company had accumulated heavy debt with its main investors — the American Gramercy Fund Management andthe Chinese Baiyin Nonferrous Group. Due to constant disruptions, Banro became unable to meet its obligations, leading to a restructuring in 2018, after which Baiyin and Gramercy significantly increased their stakes in the company. In the end, the Chinese held about 32% of Banro — an important number, remember it.
🔸 In 2020, after declaring force majeure, Banro initiated a preventive settlement procedure with its local creditors in the DRC. And this is where Victor Kasongo Shomari entered the scene — former Vice Minister of Mines, mining entrepreneur, associate (and possibly distant relative) of ex-President Joseph Kabila, and a senior figure in banks and funds that managed the economic interests of the former president and his entourage.
🔸Kasongo heads the Shomka Group, which, according to him, obtained control over Banro’s assets through a ruling by the Commercial Court of Kinshasa during that same preventive settlement process — or so he claims loudly everywhere.
The funny thing is that before this process, Shomka Group had absolutely nothing to do with Banro - but we'll discuss it in the second part. Scroll down. 👇
Devils Below
🎉 Free Huge Airdrop ~ Mine Daily $OGC | OGC is Creating #web3 gaming ecosystem.
🥳 Total supply: 1Billion only
🤑 Distributing 100% of tokens to The community
👉 Register here :- https://app.ogcom.xyz/invite/HVzkGq-DiqxVjD73
➖ Register With Email
➖ Verify email & Mine daily
✅ Partnership With Dmailofficial & thenotcoin
⚡️ Voltage Finance is now fully charged, powered by Integral!
The latest Modular CLAMM tech from Algebra—Integral—is live on Fuse Network, the most business- and consumer-friendly blockchain ecosystem for mainstream #Web3 payment adoption.
What’s in store?
🎨 Custom liquidity pools with v4 plugins
⚡ Concentrated liquidity for precise LP strategies
🧨 Dynamic fees that adapt to the market
And so much more! Thus, another DEX joins the growing Algebra CLAMM infrastructure! 💪🏻
🚀 Wallet Agents are LIVE on TRON!
The first protocol on TRON built using MCP tech to enable seamless AI × Wallet interactions.
🔗 Open-source
🧠 AI-ready
⭐️ Decentralized
We’re building the gateway for AI-native dApps to securely connect wallets, sign transactions, and interact on-chain — starting with TRON.
AI builders, let’s shape the future of #Web3 on TRON!
👉https://mcp.tp.xyz/
WEB3 Portal: learn Web3 and Earn!
📱 Discover an innovative approach to learning and working. WEB3Portal is the perfect start in the $TON ecosystem. The goal of the project is to simplify the world of Web3 and make it accessible to everyone.
🔋Learn-to-Earn: Complete tasks, gain valuable skills, and put them into practice immediately.
🔋Real rewards: earn $WebPoints. Compete with other users for the top spot in the leaderboard!
🔋TON tokenexchange , analytics , charts and profitable staking offers - the entire #Web3 ecosystem is now in one application.
🧐Start completing tasks and get over 10,000 WebPoints!
🤝Gamety x Carbon Ventures Stategic Partnership!
We’re excited to announce Gamety’s partnership with CarbonVentures – a new venture fund by trycarbonio, empowering the future of #Web3 innovation.
This Means:
🤔 Backing #Web3 Founders to accelerate growth
🤔 Expanding possibilities within the Gamety Ecosystem
Together with Carbon Ventures, we’re taking Gamety to new heights in the Web3 space.
Stay tuned – the future is here!
Spread the hype! Like, RT, and drop a comment: Tweet 🕊
📎Important Links:
Website | X | Chat (FULL) | Indonesian Chat | African Chat | Vietnamese Chat | CIS Chat | Discord | Announcement | YouTube | Medium | New Bot
GameFi.org & Eragon
💡We are excited to announce a new partnership with Eragon, the ultimate development and distribution platform for Web3 Mobile Games, powered by AI solution. Backed by Aptos, and Sotatek ERAGON offers an unparalleled solution for developers, gamers, and investors.
🤝The partnership will include group gameplays, #Web3 discussions, and competitions in which both of our communities can participate.
📢With the help of Eragon, Game Hub will continue to play a leading role in the GameFi.org ecosystem in Web3 history.
😎 GM fam! How do you spend your time in the mornings? Cause we've got a deal! 🤝
Nomis is in GG22 #Web3 Infrastructure Program, and we need your morning energy ⚡️
- Share the post
- Call frens for support
- Donate ANY amount of $ to drive our cause!
How to donate? It's a breeze:
1. Connect your wallet
2. Add Nomis to your cart 🛒
3. Choose the donation amount (even $1 is enough for us
💜)
4. Submit the payment and make your impact!
The full guide, just in case
SHOW YOUR LOVE
💜👇
We're happy to announce the launch of our sentry nodes on XAI, the world’s first Layer 3 solution for AAA gaming 🎮
As a part of our commitment to XAI's growth and our 2024 strategy to become an active participant in the creation of a more secure and decentralised gaming ecosystem, we are launching our sentry nodes on XAI! 🚀
Looking forward to this exciting journey towards more decentralized and user-friendly #Web3 games! 💪
Congratulations to the shortlisted participants of our Web3 Unleashed: Crypto Innovation Challenge with Bybit x DMCC!
We're excited to be here on the Live Pitching Day where they will showcase their ground-breaking #Web3 projects 🚀
Learn more: https://hubs.li/Q029qjbH0