Red Rock Resources awaits $7.16M payment for DRC housing plant, part of a 20-year public-private partnership with the Congolese government.
DRC government seeks housing solutions through partnerships
The government of the Democratic Republic of Congo is addressing the country's social housing shortage by leveraging industrial innovation and public-private partnerships. These efforts aim to increase the availability of affordable housing for the population, particularly in urban areas like Kinshasa.Red Rock awaits first payment for housing project
British company Red Rock Resources is waiting for the first payment of 7.16 million dollars for a low-cost housing construction project in the DRC. The payment is tied to the start of a wall panel manufacturing plant in Kinshasa province, with the company expecting it to arrive by early October.Koto DRC SARL is key partner in the project
The payment is related to a contract awarded to Koto DRC SARL, a partner of Red Rock in an equal partnership established in November 2024. The contract involves the construction and installation of a plant to produce wall panels for rapid housing construction.Tuseku project involves long-term public-private collaboration
The agreement between the Ministry of Rural Development and Koto DRC was signed in July 2026 after a tender process as part of the Tuseku project. The 20-year public-private partnership requires Koto DRC to build and operate the plants before selling the housing produced, with profits split between Koto DRC and the ministry.Housing production aims for thousands of units annually
Red Rock estimates the plant could produce several thousand houses per year, though exact capacities will be confirmed once the plant is operational. Koto DRC is also planning to order necessary equipment and aims to sell its first houses by the end of 2026.Profit-sharing and affordability are central to the model
The project’s economic model includes a profit-sharing arrangement, with Koto DRC receiving 40% of the revenue and the Ministry of Rural Development 60%. The produced housing will be delivered to the Congolese state through the ministry to be sold at affordable prices to the public.Project may expand to multiple locations
The minister of rural development has proposed installing plants in about forty locations across the country. Each plant is expected to produce four to five houses per day, with the first plant considered the initial phase of a larger plan involving three such facilities.Mining ties could help fund the housing initiative
Red Rock has begun evaluating offers related to copper and cobalt mining licenses, potentially contributing to the project’s financing. The company has identified three areas for exploration, with more to be determined, and may integrate these into the existing public-private partnership framework.Red Rock seeks to strengthen its presence in the DRC
Beyond the housing project, Red Rock is aiming to consolidate its position in the DRC by combining efforts in social housing, public-private partnerships, and the potential repositioning in the copper-cobalt mining sector.