Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Congo and Rwanda sign pathway to peace in US-brokered agreement
    Headlines

    Congo and Rwanda sign pathway to peace in US-brokered agreement

    Congo and Rwanda sign pathway to peace in US-brokered agreement

    Published by Global Banking and Finance Review

    Posted on April 25, 2025

    Featured image for article about Headlines

    By Sonia Rolley and Jessica Donati

    (Reuters) - Congo and Rwanda vowed to come up with a draft peace deal by May 2 and refrain from providing military support to armed groups, according to an agreement signed in Washington on Friday as part of diplomatic efforts to end violence in eastern Congo.

    The agreement, reached amid an unprecedented advance by Rwandan-backed M23 rebels in Congo, is expected to bring significant U.S. public and private investment to the region, which is rich in minerals including tantalum and gold, the final text said.

    It raises hopes that the latest cycle of violence in a decades-long conflict rooted in the Rwandan genocide might ease. However, previous ceasefire calls have not produced a sustained break in the fighting.

    Both parties also agreed to explore a joint security coordination mechanism to crack down on armed groups and criminal organizations.

    The two countries' foreign ministers signed at a ceremony with U.S. Secretary of State Marco Rubio, who also signed as a witness.

    "To our countrymen and women in the Democratic Republic of the Congo, especially in the east, we know you are watching this moment," said Congo Foreign Minister Therese Kayikwamba Wagner.

    "You have every reason to expect more than promises," she added.

    Rwandan Foreign Minister Olivier Nduhungirehe said it opened the door to a definitive peace agreement.

    "We are discussing how to build new regional economic value chains that link our countries, including with American private sector investment," he said.

    Building on the investment potential outlined in the agreement, Washington is in talks to invest billions of dollars in minerals in Congo, which has vast deposits of not only tantalum and gold but also copper, cobalt and lithium, used in mobile phones and electric cars. Separately, Rwanda said this week it was also speaking to Washington about a possible minerals deal.

    "A durable peace in the Great Lakes region will open the door for greater U.S. and broader Western investment, which will bring about economic opportunities and prosperity," Rubio said at the ceremony.

    "Our firms are good corporate citizens, American firms, and they'll bring good governance and ensure responsible, reliable supply chains for things like critical minerals."

    'VERY BROAD'

    The agreement is a "declaration of principles", which a diplomatic source described as "very broad objectives to work towards".

    Both sides will finalise the specifics in a few months and then sign the agreement, the source said.

    Congo has seen a surge in violence after M23 launched a major offensive in January that led to the capture of the two largest cities in the east.

    The United Nations and Western governments say Rwanda has provided arms and troops to M23. Rwanda denies backing M23 and says its military has acted in self-defence against Congo's army and a militia founded by perpetrators of the 1994 genocide.

    Both Qatar and the U.S. have shown an interest in mediating a resolution.

    Qatar in March brokered a surprise sit-down between Congolese President Felix Tshisekedi and his Rwandan counterpart Paul Kagame during which the two leaders called for a ceasefire.

    Qatar has also hosted talks between Congo and M23, and this week the two sides issued a statement vowing to work towards peace.

    The Qatari foreign affairs ministry said the agreement signed in Washington was a "positive and important step toward fostering peace and stability".

    The Trump administration has taken a special interest in Congo since a Congolese senator contacted U.S. officials to pitch a minerals-for-security deal this year.

    Washington wants greater access to minerals that are currently exploited predominantly by China and its mining companies.

    The State Department has said the U.S. is interested in a deal and expects any agreement to involve private sector partners.

    Already positioned to support a partnership is prominent Trump backer Erik Prince, who agreed earlier this year to help Congo secure and tax its vast mineral wealth.

    (Additional reporting by Ange Kasongo in Kinshasa, Daphne Psaledakis in Washington and Robbie Corey-Bouley in Dakar; Writing by Jessica Donati and Sofia Christensen; Editing by Alexandra Hudson and Lisa Shumaker)

    Related Posts
    US intelligence indicates Putin's war aims in Ukraine are unchanged
    US intelligence indicates Putin's war aims in Ukraine are unchanged
    Bondi attack suspects kept to themselves during Philippines stay, hotel staffer recalls
    Bondi attack suspects kept to themselves during Philippines stay, hotel staffer recalls
    UK author David Walliams dropped by publisher after harassment allegations
    UK author David Walliams dropped by publisher after harassment allegations
    Germany removes dividend ban for Uniper, paving way for IPO
    Germany removes dividend ban for Uniper, paving way for IPO
    Golden Goose gets new majority owner as China's HSG buys stake from Permira
    Golden Goose gets new majority owner as China's HSG buys stake from Permira
    Rubio says not concerned about escalation with Russia over Venezuela
    Rubio says not concerned about escalation with Russia over Venezuela
    French government to appeal court ruling on Shein
    French government to appeal court ruling on Shein
    Rome to charge tourists to get close to the famed Trevi Fountain
    Rome to charge tourists to get close to the famed Trevi Fountain
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    German court jails man for drugging, raping wife, posting assaults online
    German court jails man for drugging, raping wife, posting assaults online
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    UniCredit issues its first tokenised structured note
    UniCredit issues its first tokenised structured note

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Ukraine starts new round of talks with US, Kyiv negotiator says

    Ukraine starts new round of talks with US, Kyiv negotiator says

    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry

    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry

    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'

    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'

    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday

    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    French court rules against Shein suspension over sex doll sales, government to appeal

    French court rules against Shein suspension over sex doll sales, government to appeal

    No drop in military aid to Kyiv since US policy shift, NATO official says

    No drop in military aid to Kyiv since US policy shift, NATO official says

    How is Britain's government doing on its housing targets?

    How is Britain's government doing on its housing targets?

    Cricket-England's Barmy Army earns praise for litter-picking

    Cricket-England's Barmy Army earns praise for litter-picking

    View All Headlines Posts
    Previous Headlines PostTrump says Ukraine has not signed minerals deal
    Next Headlines PostGermany likely to ask for EU leeway on defence spending, finance minister says