The original article highlights the colossal debt of the national transport company in Congo (Transco). With a debt amounting to more than 36 billion Congolese Francs (CDF), or approximately $14,400 million, the public company faces a worrying financial situation.
According to the Chairman of the Board of Directors of Transco, Taylor Lubanga, the debt is mainly due to charges left by the former management committees. Despite the current committee’s efforts to increase revenue, the company continues to accumulate debt.
During a meeting with the Minister of Transport, Roads and Access, Taylor Lubanga stressed the need for urgent government intervention to save Transco. The meeting also reviewed the financial situation of staff, the company’s real estate and issues related to fuel supply.
For his part, the Minister of Transport, Marc Ekila Likombo, is committed to finding lasting solutions to save the company. He considers Transco a symbol of national unity and hopes that it will continue to serve the Congolese people.
This difficult financial situation of Transco highlights the challenges that many public companies face in the Democratic Republic of Congo. The debt accumulated by Transco highlights the need for rigorous financial management and government intervention to ensure the survival of these companies.
In conclusion, it is crucial that the Congolese government takes immediate action to resolve Transco’s debt and guarantee the sustainability of the company. Appropriate financial management and sustained investments are essential to maintain the proper functioning of this transport company and to meet the needs of the Congolese population.