US DRC SPA Intel
US-DRC SPA Intelligence Brief | September 4, 2026
Alert level: Elevated on the constitutional track. The treaty has entered the mandate fight.
On the ground
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Update · Essential
One Word, Four Instruments: Why “Strategic Reserve” Now Means Different Things in the Congo, and What That Is Worth
An investor can hold a treaty-backed first claim on a Congolese asset and still lose the tonnes it produces. Nothing in either instrument says which claim comes first.
Update · Essential
He Skipped Kinshasa. That’s Not the Story. The Story Is What He’s Selling Everywhere Else.
America's new Africa envoy is on his second tour of the continent, and the deal his pitch is built on isn't on the itinerary. The omission isn't a snub. It's the clearest available signal of how Washington is actually using the SPA: as a precedent text, not a relationship that still needs tending.
Update · Free
The Shareholder Died in Brussels. The Shares Are Still Voting.
Sibéka was judicially dissolved in Belgium in December 2023. It still holds 20 percent of MIBA, the Congolese state diamond producer. That stake has outlived three owners and one death certificate, and its percentage never changed once.
The reference desk
All registers →
Register · Live
SAR Registry
Every publicly reported Strategic Asset Reserve designation and transaction, with sourcing, confidence, and clickable asset profiles.
Tracker · Live
Regulatory Reform Tracker
Every SPA obligation, both parties, held to the treaty text clause by clause, with verdicts.
Rating · Live
DRC Sovereign & Institutional Rating
A sovereign-alternative composite across 14 pillars, plus per-entity ratings for 28 state enterprises.
Register · Live
CAMI Registry
The complete DRC mining-title cadastre, made searchable.
Dossier · Live
SPA Glossary
Every mechanism and legal term in the agreement, defined against the treaty text.
Dossier · Active
Strategic Asset Reserve
The definitive living file on the SAR: mandate drafting, qualification criteria, allocation politics and every operator in contention.
Dossier · Active
The Washington Accords
Ratification, implementation and the hundred-day test. The complete record of the instrument at the center of the partnership.
Dossier · Active
Lobito Corridor
Financing, construction phases, operators and the power gap along the route from the Copperbelt to the Atlantic.
Investment & Markets
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US-DRC SPA Intelligence Brief | August 28, 2026
Alert level: Elevated on institutions and corridors. Not on signature theater.
Update · Essential
Ten Percent of the Company, 7.5 Percent of the Revenue: Congo Just Priced Its Corridor
The first published economics of the Dilolo-Sakania concession settle what the state gets. They leave open who pays for it, and that answer is written in a tariff nobody has seen.
Update · Essential
One Railway, Two Theories: Kinshasa Signed a Transformation Corridor. Washington Toasted an Export Line.
Hours apart, on the same instrument, the two capitals described different corridors. Neither was wrong. The gap between their theories is where the politics of this railway will live.
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