Félix Tshisekedi Promulgates Law Ratifying Governance Agreement with Angola
In a significant move to strengthen regional ties, President Félix-Antoine Tshisekedi has promulgated Law No. 24/021 on December 30, 2024. This law authorizes the ratification of the governance agreement of the Zone of Common Interest (ZIC) between the Republic of Angola and the Democratic Republic of Congo. The official announcement was made on Tuesday, December 31, 2024, following a series of ordinances read on the national channel (RTNC).
Background and Context
The ratification agreement, signed between Angola and the Democratic Republic of Congo, was presented and defended in both the National Assembly and the Senate before the closure of the ordinary session in September by Aimé Molendo Sakombi, the Minister responsible for Hydrocarbons in the DRC. Prior to its presentation in Parliament, this agreement had been introduced and approved by the government during the 23rd meeting of the Council of Ministers on November 22, 2024, under the leadership of President Félix Tshisekedi.
Expert Insights and Significance
Aimé Molendo Sakombi, the Minister of Hydrocarbons, emphasized the importance of this ratification in line with previous agreements between the DRC and Angola. He highlighted the establishment of principles of governance and management that are mutually beneficial to both countries, acting through the concessionaire ANPG and the Congolese state represented by the Ministry of Hydrocarbons.
Economic Impact and Future Prospects
This agreement, aimed at the exploitation of oil in Block 14, is set to significantly increase fiscal revenues from oil deposits for both nations. The expected fiscal revenues from this venture are estimated at 5.56 billion US dollars, with an equal split of 50% for each state. The ratification of this agreement aligns with the constitutional provisions stipulated in Article 214, Paragraph 1 of the Democratic Republic of Congo’s Constitution, ensuring transparency and legality in the process.
In conclusion, the promulgation of this law signifies a crucial step towards enhanced cooperation and economic development between Angola and the DRC, setting the stage for mutually beneficial outcomes in the oil sector. President Tshisekedi’s proactive approach in ratifying this governance agreement underscores the commitment to fostering positive relations within the region and maximizing the potential for sustainable growth and prosperity.
This humanizing touch adds a personal narrative to the article by highlighting the importance of regional cooperation and economic development for the people of both Angola and the DRC. By showcasing the tangible benefits of this governance agreement, readers can better understand the broader implications of such diplomatic efforts and the positive impact on local communities.