After a high-stakes standoff, companies agreed to pay an extra $5.8 million a month to the government
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Now, the prospect of another tax increase seemed to be looming, and this time, tensions would escalate quickly. Within months of the meeting at the presidential mansion, all four of the telecom CEOs would find themselves in a high-stakes standoff with the government; their passports confiscated and operating licenses imperiled. While the tax raise hinted at that day in December 2021 never came to pass, the companies and government did ultimately strike a different deal.
The matter of telecommunications taxes might seem niche, but in the case of Congo, the stakes are enormous. With a population of around 100 million, the country is among the world’s least connected in terms of broadband internet access, and millions are locked out of the formal economy. Closing this gap could unlock billions — both for Congo’s economy as well as for its telecommunications providers.
According to corporate filings, 5C Energy was founded in Switzerland in early 2016, and 5C Energy RDC was set up in Kinshasa 18 months later. Heilman joined the latter firm in November 2019, several weeks after its founding. On archived versions of its website, 5C Energy, which changed its name to Veltio Consulting SA after it stopped working in Congo, listed TotalEnergies, Shell and Perenco as among its early clients.
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