Kinshasa. Qatari investment company Al Mansur Holding has said it is ready to invest $21 billion in the Democratic Republic of the Congo (DRC). Doha is mediating to end years of conflict in congo’s east.

Sheikh Mansour bin Jabor bin Jassim Al Thani, the group’s founder and a member of the royal family, visited the DRC’s capital Kinshasa on Tuesday as part of an African tour.

The Qatari delegation, during a meeting with Prime Minister Judith Suminwa, submitted a letter of intent for an investment of about USD 21 billion in the DRC, according to a statement issued by the Qatari delegation’s office.

Investment will be targeted in various sectors including agriculture, finance, mining, medicine, hydrocarbons. Last month, Al Mansour Holding pledged $70 billion in four South African countries during a 10-day visit.

Poor countries in the resource-rich region are facing massive cuts in U.S. aid since U.S. President Donald Trump returned to the White House.

Rwanda-backed M-23 armed groups seized two provincial capitals within weeks and launched a fierce offensive, triggering widespread conflict in the east of the country earlier this year.

Rwandan President Paul Kagame and his Congolese counterpart Felix Shisekedi met in Doha in mid-March for a ceasefire. However, Qatar unexpectedly announced that diplomatic efforts to resolve the crisis had not been successful and that efforts were continuing.

The two countries signed a peace deal in Washington in June. In parallel, the Congolese government and the M23 also held talks in Doha in April and pledged a ceasefire in July. However, there continues to be conflict.