Portal:Republic of the Congo

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Republic of the Congo Portal

Flag of the Republic of the Congo
Flag of the Republic of the Congo
Location in Africa

The Republic of the Congo, also known as Congo-Brazzaville, West Congo, Congo Republic, ROC, or simply either Congo or the Congo, is a country located on the western coast of Central Africa to the west of the Congo River. It is bordered to the west by Gabon, to the northwest by Cameroon, to the northeast by the Central African Republic, to the southeast by the Democratic Republic of the Congo, to the south by the Angolan exclave of Cabinda, and to the southwest by the Atlantic Ocean.

The region was dominated by Bantu-speaking tribes at least 3,000 years ago, who built trade links leading into the Congo River basin. Congo was formerly part of the French colony of Equatorial Africa. The Republic of the Congo was established on 28 November 1958 and gained independence from France in 1960. It was a Marxist–Leninist state from 1969 to 1992, under the name People's Republic of the Congo. The country has had multi-party elections since 1992, but a democratically elected government was ousted in the 1997 Republic of the Congo Civil War. President Denis Sassou Nguesso, who first came to power in 1979, ruled until 1992 and then again since after his reinstatement.

The Republic of the Congo is a member of the African Union, the United Nations, La Francophonie, the Economic Community of Central African States, and the Non-Aligned Movement. It has become the 4th-largest oil producer in the Gulf of Guinea, providing the country with a degree of prosperity, with political and economic instability in some areas, and unequal distribution of oil revenue nationwide. Its economy is dependent on the oil sector, and economic growth has slowed since the post-2015 drop in oil prices. Christianity is the most widely professed faith in the country. (Full article...)

Claude Wilfrid Etoka (a.k.a. Willy Etoka) (born 30 May 1969, in Brazzaville, Congo) is the Congolese CEO of Oil Trading company SARPD Oil and Oil Palm, with a wealth estimated at $1,000,000 acting as a trustee of the family of the Congolese president. "Willy" is a politically exposed person, whose bank accounts at BNP Paribas were closed due to his known close links with the president of Congo and the improbable level of profitability of his companies arising out of corruption and misappropriations of Congolese oils. His company facilitates the supply of 10% of the Congolese fuel market, In Jeune Afrique (11 May 2015). Etoka featured as one of the well-connected ‘Golden Boys’; new African traders breaking through in the oil markets traditionally dominated by the international oil giants which are controlled and owned by Europeans (Glencore, Trafigura, Vitol, Mercuria, Oryx Energy). Within 10 years, his company SARPD Oil is ranked as the fifth oil player in Africa in terms of trading.

In 2003, Etoka founded SARPD Oil which became, according to The Times a "rising star in African oil trading", with a trading floor based in Geneva and marketing operations set up in Morocco under Casablanca Finance City regulations. (Full article...)
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