Relaunch of industrializing industries through the joint venture model

With this book, we would like to make our modest contribution to solving the thorny problem of the failure of the "first experiment" Joint Venture (JV) formula, attempted in the Democratic Republic of Congo by GECAMINES and SOSIDER, under the leadership of the Congolese Government, to relaunch their activities which had remained dormant for a long time. Our investigations conducted at GECAMINES and SOSIDER revealed that this formula did not produce the expected results. This is because of the lure of corruption, its poor design and appalling application resulting in the non-respect of commitments, arbitrary distribution of shares, poor governance, lack of transparency and huge benefits to foreign partners to the detriment of local partners. To this should be added the non-existence of a law laying down general provisions applicable to JVs, as well as weak monitoring and control by the Congolese state. This state of affairs has led us, as a panacea, to model the win-win partnership, by developing the "Ekina Model of Industrial Relaunch by the JV" MERIJ in acronym.