Zambia NewsBusiness and Technology

In corruption case, Glencore pays DR Congo $180 million

The Democratic Republic of the Congo will get $180 million (£146 million) from the mining giant Glencore, located in Switzerland, to cover any allegations of wrongdoing.

The deal with the Congolese government is valid from 2007 to 2018 for a total of 11 years.

In a slew of corruption lawsuits, Glencore has already agreed to pay more than $1.6 billion in fines this year.


Following a probe by American, British, and Brazilian authorities, the business acknowledged bribing officials in various African nations, including Nigeria, Cameroon, Ivory Coast, and DR Congo in May.

According to Glencore, it has learned from its past errors and now adheres to the law.

Glencore is anticipated to make a record multi-million dollar profit this year despite the significant fines.

Back to top button