National Road Construction MoU signing

The representative of Global Trade and Finance with CEO Ms. KJ Lee, along with the representatives of Congo DRC sign a memorandum of understanding for the construction and modernization of national road number 5 stretch included between the city of kalemie and that of a city of the province of south kivu, in the presence of the Minister of public works infrastructure and reconstruction Thomas Luhaka. Ms. KJ Lee confirms the start of feasibility studies, she stated “We will build very beautiful roads and you will be very happy because that it’s a new technology that we want to bring in republic Democratic Republic of Congo. I am very excited to work with the Congolese population to make roads. In two weeks our engineers will be here, we can start our work on the technical plans. We must move towards modernization of these networks, it is in this context that we quote this memorandum of understanding that has just been signed in this MoU.

Province of Tanganyika More than $1 billion injected in Development Project

A strong delegation of South Korean investors based in the United States of America arrived this Sunday, April 1, 2018 in Kalemie, capital of the province of Tanganyika in the Democratic Republic of Congo. This mission, led by Mrs. K.J LEE, President of Global Trade and Finances, is part of the implementation of large development projects in the province of Tanganyika. These projects of a public-private partnership, according to ma-dame K.J LEE, are focused on agriculture, rural electrification, drinking water as well as the construction of infrastructures. Global investment cost: over 1 billion USD. The President of Global Trade and Finance who re-knows the potential that Tanganyika abounds with the will of these investors and bosses of large South Korean firms, intends to inject fresh capital and non-refundable in almost all sectors of life and start so all projects simultaneously.

Provincial Governor Richard NGOY KITANGALA welcomed the visit of Mrs. K.J LEE and all of her delegation, which marks the beginning of a new era in her jurisdiction with the foundation of job creation. This important delegation made this Monday, April 2, 2018, a trip to PK30 on the Nyunzu road west of the city of Kalemie. Objective: to get an idea of the grant of nearly 10km² granted by the provincial government: this site will leave the bridge Emili Ngombe nearthe village Amisi. It is here where a car and mining pool will be erected with an investment of 500 million and more than 1 million USD respectively. Social housing , a mining research center and some agricultural projects are also planned. Subsequently, accompanied by the provincial governor and some sectorial ministers, the delegation of K.J LEE visited the Jimbwe mining site more than 20 km southwest of the city of Kalemie. In this coltan artisanal career, the president of Global Trade and Finances promises to support the diggers. It is notably the endowment of industrial equipments for the increase of their production.

Kasambondo; from darkness to light

The Kasambondo village about 20 km east of Kalemie is the pilot phase of the rural electrification project carried out by the South Korean firm Architectural Metals Fabricator.

In this fishing camp, more than 6,000 inhabitants will benefit from electricity based on wind power coupled to the Voltaic. This first experience will allow 150 houses to be not only lit but also to use appliances. Thanks to the electricity the population of Kasambondo who lived only of the fishing will be able to diversify its sources of economy.

By Mandela LONGA and Peter SHABA; Journalists.

Zim signs infrastructure funding MoU

Zim signs infrastructure funding MoU

Financially-crippled Zimbabwe yesterday took a big investment step after signing a memorandum of understanding with a South Korean business delegation, which will unlock financing for infrastructure projects.


The delegation is based in the United States and had representatives from the Rosenthall Group, Global Trade and Finance Inc and Natrabank of Africa.

They are scouting for investment opportunities in financing, development and construction of infrastructure, agriculture and agribusiness, transport and water, mining, energy, manufacturing and power among others.

The MoU will also culminate in the setting up of a bullion bank, which will use the gold as collateral to help secure funding instead of relying on foreign financial institutions, according to Rosenthall Group chief executive officer and president Robert Rosenthall.

Chief secretary to the President and Cabinet Misheck Sibanda, who signed on behalf of Zimbabwe, said engagements with the delegation have been premised on the need to formulate joint venture approaches to investment that were anchored on “financial engineering leveraging on natural resource endowment and human capital which the country has in abundance”.

“Various areas of cooperation have been reached between Zimbabwean enterprises and institutions represented by the delegation,” he said.

Referring to the interest by the delegation, Sibanda said “this form and magnitude of investment will turn around the fortunes of the country within the next few years”.

“Opportunities are also being pursued under the aegis of the special economic zones, which essentially seek to attract both local and foreign investment under favourable monetary, fiscal and non-fiscal incentives including new clean technologies,” he said.

Natrabank chairperson Celeste de Brito told journalists after the signing ceremony that she would be back in Zimbabwe in a week to set up a bank.

Global Trade and Finance president and CEO Kumja Lee said the delegation was open to all projects in infrastructure, adding that work would commence in 90 days.

The interest by the delegation came at a time when government has undertaken a number of reforms, under the ease of doing business, to lure foreign investors.

Foreign investors continue giving the country a wide berth due to unfavourable policies such as the Indigenisation and Economic Empowerment Act.

Government sees the economic blueprint, ZimAsset, as the driver of economic growth.

However, economic analysts say policy inconsistences and corruption were the elephants in the living room of the Zimbabwe’s economy.

Supplying Electricity in rural areas

A delegation of American businessmen of South Korean origin led by Mrs. KJ Lee was received in audience, Friday, November 17, 2017, by the Head of State, Joseph Kabila at the Palais de la Nation. The discussions revolved around a vast project of electrification and social infrastructure in rural areas. However, no figures from this project were
revealed to the press.

According to Mrs KJ Lee quoted by the ACP, it was mentioned for the delegation that she conducted to present to the President of the Republic the project of electrification of rural areas, construction of social housing, production of low-cost drinking water and asphalting of some 20 thousand Km of modern roads, connecting the different provinces, as well as certification of minerals.

She said Joseph Kabila has pledged his full support for this vast project. Because, with the technology to be used, it will no longer be a question of constructing electric transmission lines, since there will be rather autonomous power stations that will allow direct access to the different dwellings in rural areas.


2 Million Social Housing

2 Million Social Housing

2 Million Social Housing – By Aline Nzuzi


The project was presented to the Minister of Spatial Planning and Renovation of the city, Felix Kabange Numbi, by a Korean delegation led by the head of Global Trade Finance-USA-S.Korea Company, Mrs. K. S Lee. Félix Kabange Numbi, acting as the interim Minister of Urban Planning and Housing, received the Korean delegation in the presence of his colleague from the Development Cooperation, Jhon Kwet Mwan. Mrs. K. S Lee explained to the members of the government the merits of the project that she plans to launch in mid-January 2018 to provide the Congolese with a quality habitat of international standards.


Draining a 25-year experience in the construction industry, Lee says she is ready to finance, by her own means, the construction of these two million social housing units. This will involve the construction of a typical three-bedroom house, a living room, two bathrooms, a shop and an equipped kitchen. These houses will have autonomy in electric power and water. The selling price will vary in the range of $ 15 to $ 25,000. The government, for its part, will have to make available spaces for the construction of these dwellings.

Regarding the guarantees that this Korean company has to guarantee the success of such an ambitious project, Ms. Lee explains: “My project is to provide a modern, serene and affordable housing. I want to give social housing to any Congolese. I do not have much to hang on the guarantees, I conceived the project, I presented it, a month ago, to the Minister of Urban Planning and Housing. I have all the means to materialize this project and I got along well with the Minister of Urban Planning and Housing to move on to the execution of this project. That’s my guarantee. “

While thanking the Minister for Regional Cooperation who made contact with the company of Ms. Lee, Felix Kabange Numbi said that his ministry and those of Urban Planning and Housing and Land Affairs will work together to materialize this project.

“The government will make available the construction sites. The first sites have been identified and two million houses are to be built in rural areas but also in cities; these are large spaces that will be planned. This will be done gradually, “he said, adding that” the government will intervene through the National Agency for Investment Promotion to provide investment and customs facilities to the Korean company. “

The government, promised Minister Kabange Numbi, will accompany Ms. Lee in the materialization of this project that will be in a public-private partnership. “This is not a commercial project but a social project in the true sense of the term that goes into the materialization of the project of the Head of State concerning the construction of modern villages,” he acknowledged.


Development projects in the province of Tanganyika

A strong delegation of South Korean investors based in the United States of America arrived this Sunday, April 1, 2018 in Kalemie, capital of the province of Tanganyika in the Democratic Republic of Congo. This mission, led by Ms. KJ Lee, President of Global Trade and Finances, is part of the implementation of large development projects in the province of Tanganyika. These projects of a public-private partnership, according to Ms. KJ Lee, are focused on agriculture, rural electrification, drinking water as well as the construction of infrastructures.