Mikhael Missakabo reveals the extent to which Canadian mining companies are benefiting from instability and weak institutions in the Democratic Republic of Congo to reap huge profits while paying little attention to the ecological and human cost of their actions. These companies have become adept at hedging their bets in the ongoing conflict and negotiating contracts that literally impoverish the host country. All that remains in their wake is environmental and economic and social ruin.
Without doubt, public or private discussion about Africa's socio-economic context rarely revolves around foreign investment. However, at the 2006 Indaba, a senior official from a Canadian mining concern urged his colleagues to take advantage of the 'unusual conditions' and venture to invest in the DRC. This in spite of the dire press reportage coming out of that tortured country. Cape Town formed an idyllic backdrop far removed from the mining areas of Africa, for the Indaba, an annual meeting bringing together the different players in the mining industry interested in African adventure. Strange, and yet true, this illustration of the paradoxes that characterise relations between Africa and the West.
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