Patrick De Wolf

TBY talks to Patrick De Wolf, Senior Partner of DALDEWOLF, about the firm’s activities in the DRC, the hydropower sector, and challenges and opportunities.

DALDEWOLF is a Belgian law firm with an office in Kinshasa. Is this to focus specifically on European investors in the DRC?

DALDEWOLF is a Belgian firm created in 1958, and we opened an office in DRC in 2017. Initially, our focus was on European investors, aligning with our strengths in financial arbitration, corporate law, and other relevant activities. However, our role has since expanded. We are now deeply integrated into the professional network in the DRC, serving both public and private entities. This includes a diverse range of foreign clients—Chinese, Turkish, and US investors, as well as Europeans, particularly from Germany and France.

How is DALDEWOLF working with projects in infrastructure and energy?

We are actively involved in hydropower, a sector with immense potential. The DRC has various energy sources, including wind and photovoltaic power. We assist medium-sized and large energy projects. These projects can be complex due to the involvement of multiple stakeholders in the energy sector. Beyond energy, we are also active in the cement industry and, to a lesser extent, real estate acquisitions. As for the mining sector, it remains central to the DRC’s economy. While we currently don’t operate directly in mining, we aim to secure the status of ministerial representative, which is a prerequisite for accessing mining rights. Expanding into this area is part of our strategy. In line with this, we’re considering opening an office in Kolwezi in 2025 to be closer to the mining belt.

What is the country missing to reach its full potential?

The country needs robust financing, insurance, and credit systems to support industrial activity, including mining and agriculture. There is also a growing middle class fueling demand for cars, household appliances, restaurants and international retail franchises. To sustain this boom, reliable credit systems and energy infrastructure are essential.

What is one of the most common challenges Daldewolf recognizes in foreign investors coming to the DRC?

One major challenge is navigating the legal framework and identifying trustworthy local partners. For instance, subcontracting laws require foreign companies to work with Congolese partners who own at least 51% of the project. Additionally, services that go beyond goods delivery need approval from a regulatory authority. Without this approval, companies face significant risks, as their agreements can be revoked. For energy and infrastructure projects, Public-Private Partnerships (PPP) requiring engagement with the public sector.

How does the firm remain optimistic despite all of the issues discussed?

Our optimism is rooted in the strength of Congolese human resources. The country has a wealth of talented individuals, trained both locally and internationally, who show incredible resilience. I deeply admire my Congolese colleagues – 10 of whom are lawyers working with us in Kinshasa. Their dedication and capability, despite the challenging environment, inspire confidence in the DRC’s future. With a population exceeding 100 million, the potential for growth and success is undeniable.