IBOV 172,041 ▼ 0.67% IPSA 10,762 ▲ 0.52% IPC MEX 67,089 ▼ 0.82% MERVAL 3,184,803 ▲ 0.25% COLCAP 2,279.07 ▼ 0.31% BVL PERÚ 55,499.07 ▲ 1.21% USD/BRL5.17▼ 0.06% USD/MXN17.46▼ 0.07% USD/CLP920.14▼ 0.20% USD/COP3,430▼ 0.24% USD/PEN3.41▼ 0.46% USD/ARS1,481▲ 0.24% USD/UYU 40.22 — 0.00% USD/PYG 6,084 — 0.00% USD/BOB 6.85 — 0.00% USD/DOP59.61▲ 0.56% USD/CRC 450.59 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.70 — 0.00% USD/NIO36.62▲ 0.63% USD/VES620.66▲ 5.79% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.34▼ 0.20% USD/TTD6.74— 0.00% EUR/BRL5.90▲ 0.31% BRENT 73.36 ▲ 0.29% WTI 69.86 ▼ 1.26% IRON ORE 161.91 — — COPPER 6.25 ▲ 2.47% GOLD 4,038 ▲ 0.38% SILVER 59.97 ▲ 3.08% SOY 1,145 ▲ 3.27% CORN 434.75 ▲ 8.15% WHEAT 588.50 ▲ 3.34% COFFEE 302.15 ▲ 3.80% SUGAR 14.80 ▲ 3.57% ORANGE JUICE 163.45 ▲ 15.31% COTTON 76.62 ▲ 6.42% COCOA 5,053 ▲ 3.23% BEEF 242.15 ▼ 5.92% CATTLE 364.55 ▼ 0.80% LITHIUM 78.09 ▲ 1.01% PETR4 37.88 ▼ 0.68% VALE3 78.02 ▼ 0.14% ITUB4 42.16 ▼ 0.59% BBDC4 18.04 ▼ 0.72% ABEV3 16.30 ▼ 1.75% BBAS3 19.98 ▼ 1.38% B3SA3 14.50 ▼ 1.43% WEGE3 46.63 ▼ 0.34% PRIO3 52.68 ▼ 0.88% SUZB3 39.56 ▼ 0.30% RENT3 41.79 ▼ 1.09% AZZA3 18.00 ▼ 2.07% CSAN3 3.69 ▼ 0.54% RAIZ4 0.39 ▼ 2.50% PCAR3 2.31 ▼ 0.43% GMAT3 3.66 ▼ 4.44% PSSA3 53.02 ▼ 0.53% CVCB3 1.37 ▼ 2.14% POSI3 4.12 ▲ 1.48% SLCE3 12.87 ▼ 1.08% NATU3 8.63 ▲ 3.98% BRKM5 6.25 ▼ 5.45% RANI3 7.79 ▼ 1.02% CSNA3 4.63 ▼ 0.22% CMIN3 4.16 — 0.00% USIM5 8.51 ▲ 2.16% GGBR4 20.81 ▼ 2.25% ENEV3 26.53 ▼ 0.67% NEOE3 33.80 — 0.00% CPFE3 44.50 ▼ 1.44% CMIG4 10.86 ▼ 0.82% EQTL3 39.11 ▼ 1.59% LREN3 14.87 ▼ 0.80% VIVT3 34.16 ▼ 0.70% RAIL3 13.51 ▼ 0.73% KLABIN 16.76 ▼ 0.77% RAIA DROGASIL 16.62 ▼ 3.15% RDOR3 34.60 ▼ 0.23% HAPV3 10.39 ▲ 0.39% FLRY3 15.40 ▼ 1.16% SMTO3 15.79 ▲ 2.87% UGPA3 25.92 ▼ 1.52% VBBR3 29.78 ▼ 0.47% BBSE3 39.25 ▼ 0.20% BPAC11 54.36 ▼ 0.28% CURY3 35.18 ▼ 0.51% AERI3 2.05 — 0.00% VIVARA 22.84 ▼ 0.70% COMPASS 24.28 ▼ 0.41% VAMOS 2.83 ▼ 1.74% SANB11 26.72 ▼ 0.37% ASAI3 8.69 ▼ 3.44% SBSP3 29.79 ▲ 0.47% WALMEX 51.01 ▼ 0.25% GMEXICO 198.15 ▼ 1.51% FEMSA 224.30 ▼ 1.69% CEMEX 20.93 ▼ 1.60% GFNORTE 184.55 ▼ 0.25% BIMBO 57.32 ▲ 0.60% TELEVISA 9.68 ▲ 0.10% AMX 22.84 ▼ 2.10% GAP 442.78 ▼ 0.62% ASUR 306.07 ▼ 0.76% OMA 249.65 ▲ 1.32% KOF 184.48 ▼ 1.07% GRUMA 282.00 ▼ 0.26% KIMBER 38.59 ▼ 0.77% SQM-B 68,050 ▲ 3.18% COPEC 5,715 ▼ 0.87% BSANTANDER 75.13 ▲ 0.17% FALABELLA 5,781 ▼ 2.20% ENELAM 82.80 ▲ 0.98% CENCOSUD 2,116 ▼ 0.51% CMPC 1,030 ▼ 0.95% BANCO CHILE 182.00 ▲ 2.36% LATAM AIR 26.83 ▼ 0.52% YPF 71,600 ▲ 1.45% GGAL 7,925 ▲ 0.51% PAMPA 5,145 ▲ 1.18% TXAR 669.00 ▼ 1.18% ALUAR 980.50 ▼ 0.20% TGS 9,390 ▲ 0.91% CEPU 2,278 ▼ 2.65% MIRGOR 16,200 ▲ 0.78% COME 42.61 ▲ 0.69% LOMA NEGRA 3,595 ▼ 0.42% BYMA 307.50 ▲ 0.49% TELECOM ARG 3,990 ▼ 1.54% ECOPETROL 14.28 ▼ 1.92% BANCOLOMBIA 79.53 ▼ 0.35% GRUPO AVAL 5.02 ▼ 1.76% CREDICORP 391.54 ▲ 1.77% SOUTHERN COPPER 172.83 ▲ 2.60% BUENAVENTURA 29.19 ▲ 2.12% MERCADOLIBRE 1,687 ▲ 0.22% NUBANK 13.31 ▲ 1.33% XP 16.30 ▼ 0.09% PAGSEGURO 8.99 ▼ 1.05% STONE 10.88 ▼ 0.14% GLOBANT 28.72 ▼ 4.52% TECNOGLASS 45.31 ▼ 1.95% GAP AIRPORT 254.20 ▼ 0.14% ASUR 306.07 ▼ 0.76% OMA AIRPORT 114.58 ▲ 1.15% AMX ADR 26.05 ▼ 2.62% FEMSA ADR 128.49 ▼ 2.07% CEMEX ADR 11.97 ▼ 1.44% PETROBRAS ADR 16.14 ▼ 0.89% VALE ADR 15.06 ▲ 0.17% ITAU ADR 8.14 ▼ 1.03% SANTANDER BR 5.23 ▲ 0.00% AMBEV ADR 3.13 ▼ 1.57% CSN 0.91 ▲ 0.34% GERDAU 4.03 ▼ 2.42% LATAM ADR 58.35 ▼ 0.60% BTC 58,304 ▼ 3.05% ETH 1,569 ▼ 2.55% SOL 73.34 ▼ 2.14% XRP 1.04 ▼ 1.83% BNB 545.80 ▼ 2.30% ADA 0.15 ▼ 0.13% DOGE 0.07 ▼ 2.78% AVAX 6.55 ▼ 1.70% LINK 7.17 ▼ 2.71% DOT 0.82 ▼ 0.82% LTC 41.84 ▼ 2.87% BCH 200.05 ▼ 0.22% TRX 0.31 ▼ 1.91% XLM 0.18 ▲ 4.63% HBAR 0.07 ▼ 2.18% NEAR 1.79 ▼ 3.65% ATOM 1.51 ▼ 1.53% AAVE 85.52 ▼ 6.44% SELIC 14.25% EMBRAER 82.39 ▲ 2.76% EMBRAER ADR 63.87 ▲ 2.76% JBS 11.81 ▼ 3.36% JBS BDR 61.19 ▼ 2.67% MBRF3 17.70 — 0.00% MBRFY 3.38 ▼ 0.88% INTER 5.37 ▼ 0.28% EGX 50,488 ▲ 1.33% USD/ZAR16.39▼ 0.20% USD/NGN 1,378 — 0.00% NIKKEI 70,062 ▲ 0.86% CSI300 4,979 ▲ 1.07% HSI 22,881 ▼ 0.63% NIFTY 23,866 ▼ 0.34% KOSPI 8,476 ▲ 0.97% JCI 5,643 ▼ 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2.47% GOLD 4,038 ▲ 0.38% SILVER 59.97 ▲ 3.08% SOY 1,145 ▲ 3.27% CORN 434.75 ▲ 8.15% WHEAT 588.50 ▲ 3.34% COFFEE 302.15 ▲ 3.80% SUGAR 14.80 ▲ 3.57% ORANGE JUICE 163.45 ▲ 15.31% COTTON 76.62 ▲ 6.42% COCOA 5,053 ▲ 3.23% BEEF 242.15 ▼ 5.92% CATTLE 364.55 ▼ 0.80% LITHIUM 78.09 ▲ 1.01% PETR4 37.88 ▼ 0.68% VALE3 78.02 ▼ 0.14% ITUB4 42.16 ▼ 0.59% BBDC4 18.04 ▼ 0.72% ABEV3 16.30 ▼ 1.75% BBAS3 19.98 ▼ 1.38% B3SA3 14.50 ▼ 1.43% WEGE3 46.63 ▼ 0.34% PRIO3 52.68 ▼ 0.88% SUZB3 39.56 ▼ 0.30% RENT3 41.79 ▼ 1.09% AZZA3 18.00 ▼ 2.07% CSAN3 3.69 ▼ 0.54% RAIZ4 0.39 ▼ 2.50% PCAR3 2.31 ▼ 0.43% GMAT3 3.66 ▼ 4.44% PSSA3 53.02 ▼ 0.53% CVCB3 1.37 ▼ 2.14% POSI3 4.12 ▲ 1.48% SLCE3 12.87 ▼ 1.08% NATU3 8.63 ▲ 3.98% BRKM5 6.25 ▼ 5.45% RANI3 7.79 ▼ 1.02% CSNA3 4.63 ▼ 0.22% CMIN3 4.16 — 0.00% USIM5 8.51 ▲ 2.16% GGBR4 20.81 ▼ 2.25% ENEV3 26.53 ▼ 0.67% NEOE3 33.80 — 0.00% CPFE3 44.50 ▼ 1.44% CMIG4 10.86 ▼ 0.82% EQTL3 39.11 ▼ 1.59% LREN3 14.87 ▼ 0.80% VIVT3 34.16 ▼ 0.70% RAIL3 13.51 ▼ 0.73% KLABIN 16.76 ▼ 0.77% RAIA DROGASIL 16.62 ▼ 3.15% RDOR3 34.60 ▼ 0.23% HAPV3 10.39 ▲ 0.39% FLRY3 15.40 ▼ 1.16% SMTO3 15.79 ▲ 2.87% UGPA3 25.92 ▼ 1.52% VBBR3 29.78 ▼ 0.47% BBSE3 39.25 ▼ 0.20% BPAC11 54.36 ▼ 0.28% CURY3 35.18 ▼ 0.51% AERI3 2.05 — 0.00% VIVARA 22.84 ▼ 0.70% COMPASS 24.28 ▼ 0.41% VAMOS 2.83 ▼ 1.74% SANB11 26.72 ▼ 0.37% ASAI3 8.69 ▼ 3.44% SBSP3 29.79 ▲ 0.47% WALMEX 51.01 ▼ 0.25% GMEXICO 198.15 ▼ 1.51% FEMSA 224.30 ▼ 1.69% CEMEX 20.93 ▼ 1.60% GFNORTE 184.55 ▼ 0.25% BIMBO 57.32 ▲ 0.60% TELEVISA 9.68 ▲ 0.10% AMX 22.84 ▼ 2.10% GAP 442.78 ▼ 0.62% ASUR 306.07 ▼ 0.76% OMA 249.65 ▲ 1.32% KOF 184.48 ▼ 1.07% GRUMA 282.00 ▼ 0.26% KIMBER 38.59 ▼ 0.77% SQM-B 68,050 ▲ 3.18% COPEC 5,715 ▼ 0.87% BSANTANDER 75.13 ▲ 0.17% FALABELLA 5,781 ▼ 2.20% ENELAM 82.80 ▲ 0.98% CENCOSUD 2,116 ▼ 0.51% CMPC 1,030 ▼ 0.95% BANCO CHILE 182.00 ▲ 2.36% LATAM AIR 26.83 ▼ 0.52% YPF 71,600 ▲ 1.45% GGAL 7,925 ▲ 0.51% PAMPA 5,145 ▲ 1.18% TXAR 669.00 ▼ 1.18% ALUAR 980.50 ▼ 0.20% TGS 9,390 ▲ 0.91% CEPU 2,278 ▼ 2.65% MIRGOR 16,200 ▲ 0.78% COME 42.61 ▲ 0.69% LOMA NEGRA 3,595 ▼ 0.42% BYMA 307.50 ▲ 0.49% TELECOM ARG 3,990 ▼ 1.54% ECOPETROL 14.28 ▼ 1.92% BANCOLOMBIA 79.53 ▼ 0.35% GRUPO AVAL 5.02 ▼ 1.76% CREDICORP 391.54 ▲ 1.77% SOUTHERN COPPER 172.83 ▲ 2.60% BUENAVENTURA 29.19 ▲ 2.12% MERCADOLIBRE 1,687 ▲ 0.22% NUBANK 13.31 ▲ 1.33% XP 16.30 ▼ 0.09% PAGSEGURO 8.99 ▼ 1.05% STONE 10.88 ▼ 0.14% GLOBANT 28.72 ▼ 4.52% TECNOGLASS 45.31 ▼ 1.95% GAP AIRPORT 254.20 ▼ 0.14% ASUR 306.07 ▼ 0.76% OMA AIRPORT 114.58 ▲ 1.15% AMX ADR 26.05 ▼ 2.62% FEMSA ADR 128.49 ▼ 2.07% CEMEX ADR 11.97 ▼ 1.44% PETROBRAS ADR 16.14 ▼ 0.89% VALE ADR 15.06 ▲ 0.17% ITAU ADR 8.14 ▼ 1.03% SANTANDER BR 5.23 ▲ 0.00% AMBEV ADR 3.13 ▼ 1.57% CSN 0.91 ▲ 0.34% GERDAU 4.03 ▼ 2.42% LATAM ADR 58.35 ▼ 0.60% BTC 58,304 ▼ 3.05% ETH 1,569 ▼ 2.55% SOL 73.34 ▼ 2.14% XRP 1.04 ▼ 1.83% BNB 545.80 ▼ 2.30% ADA 0.15 ▼ 0.13% DOGE 0.07 ▼ 2.78% AVAX 6.55 ▼ 1.70% LINK 7.17 ▼ 2.71% DOT 0.82 ▼ 0.82% LTC 41.84 ▼ 2.87% BCH 200.05 ▼ 0.22% TRX 0.31 ▼ 1.91% XLM 0.18 ▲ 4.63% HBAR 0.07 ▼ 2.18% NEAR 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Tuesday, June 30, 2026

DR Congo and Rwanda’s Fragile Peace Turns One

By · June 30, 2026 · 5 min read

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DR CONGO · GEOPOLITICS

Key Facts

Signed in Washington: The Congo-Rwanda peace deal was signed on 27 June 2025, mediated by the United States and Qatar.

The terms: Rwanda was to withdraw its troops and Congo to end support for the FDLR militia.

Minerals clause: The deal set out a regional economic framework built on the critical-minerals trade, with a US role.

M23 left out: The main rebel group was not a party and is in separate talks in Doha, Qatar.

One year on: Implementation has stalled, with troops not fully withdrawn and the FDLR not disbanded.

Still volatile: Fighting and mistrust persist across the mineral-rich east.

The Congo-Rwanda peace deal, signed in Washington on 27 June 2025, has just passed its first anniversary — and remains as fragile as it is ambitious. A year on, the troops have not fully withdrawn, the rebels are still talking, and the guns in eastern Congo have not fallen silent.

Congo-Rwanda peace deal — eastern DR Congo near Goma
Eastern DR Congo, near Goma, at the heart of the conflict the deal aims to end. (Photo: Internet reproduction)
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What the Congo-Rwanda peace deal promised

The agreement was signed by the foreign ministers of the Democratic Republic of Congo and Rwanda, after months of fighting that nearly tipped into open war. The United States and Qatar brokered the talks.

Its core terms were clear on paper. Rwanda would pull its forces out of eastern Congo, and Kinshasa would stop backing the FDLR, a militia rooted in the 1994 Rwandan genocide.

The deal also looked beyond security. It sketched a regional economic framework built on the critical-minerals trade, with a role for the United States.

One year of stalled implementation

Twelve months on, the gap between the text and the ground is wide. Rwandan troops have not fully withdrawn, and the FDLR has not been disbanded.

Kinshasa has accused Kigali of violating the deal, while Rwanda denies keeping forces in Congo. Each side reads the same document differently.

A joint oversight committee, backed by the US, Qatar and the African Union, has kept meeting to track progress. The talks continue even as trust frays.

The M23 question and the Doha track

The biggest gap is that the most powerful rebel group never signed. The March 23 Movement, known as M23, was not a party to the Washington deal.

Instead, M23 and the Congolese government have negotiated separately in Doha. Those talks have not yet produced a settlement of their own.

Without M23 on board, a durable peace is hard to imagine. The Doha track is, in many ways, the deal behind the deal.

Minerals at the heart of the deal

Eastern Congo holds some of the world’s richest deposits of cobalt, copper and other strategic metals. Control of that wealth has fuelled the fighting for years.

The Washington framework tied peace to a minerals partnership, drawing American interest into the region. US firms have shown they are keen to invest.

That link is a double-edged sword. It gives outside powers a reason to push for calm, but it also raises fears that the region’s resources are being carved up.

Why the world is watching

The conflict sits at the crossroads of security and the global race for critical minerals. How it ends will shape who supplies the metals behind electric cars and electronics.

For the United States, the deal is a test of whether diplomacy can secure access without troops. For China, long dominant in Congo’s mines, it is a competitive challenge.

The outcome will echo across the continent. A workable model here could be copied; a failure would harden the view that such deals are hollow.

The human cost behind the diplomacy

Behind the talks lies one of the world’s gravest humanitarian crises. Years of war in the east have displaced millions and strained aid agencies.

For people in North Kivu and beyond, peace is measured not in clauses but in safety. A year of partial progress has not yet delivered that.

What comes next

The anniversary is less a milestone than a checkpoint. The hard work — troop withdrawals, disarmament and an M23 settlement — still lies ahead.

Diplomats argue that a fragile peace is better than none, and that the framework buys time. Whether it buys a settlement is the question the next year will answer.

The regional stakes

The conflict has never been contained to two countries. Its shockwaves reach Uganda, Burundi and the wider Great Lakes region.

Refugees cross borders, and armed groups move between them. A deal that holds in Congo would steady a much larger neighbourhood.

Regional bodies have tried for years to broker calm. The Washington and Doha tracks are the latest, and most internationally backed, attempts.

For African diplomacy, success would be a rare win. It would show that home-grown and outside efforts can align.

A wary anniversary

The one-year mark passed without fanfare on either side. With so much unfinished, neither government had much to celebrate.

Diplomats prefer to call the deal a foundation rather than a finish line. The next twelve months will test whether it can bear weight.

Frequently asked questions

What is the Congo-Rwanda peace deal?

It is a US- and Qatar-brokered agreement signed in Washington on 27 June 2025. It called for a Rwandan troop withdrawal and an end to Congo’s support for the FDLR militia.

Has the deal been implemented?

Only partly. A year on, Rwandan troops have not fully withdrawn, the FDLR has not disbanded, and fighting persists in the east.

Why is M23 important?

M23, the main rebel group, was not a party to the Washington deal and is negotiating separately in Doha. Without an M23 settlement, a lasting peace is unlikely.

What role do minerals play?

The deal ties peace to a regional critical-minerals framework involving the United States. Control of cobalt and copper in the east has long fuelled the conflict.

Connected Coverage

The struggle for Congo’s metals runs through our pillar, Africa: The New Scramble. It connects to the race to ship copper west on Zambia’s Lobito railway and to Congo’s debut Eurobond.

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