The significant contribution of Tenke Fungurume Mining to the public treasury of the DRC
Mining company Tenke Fungurume Mining recently said it made a significant contribution to the public treasury of the Democratic Republic of Congo (DRC) during the last quarter. According to a press release issued by the company, this contribution amounts to USD 361.57 million, including taxes, related payments and administrative services provided to the Congolese state.
This announcement echoes the importance of the mining sector as a pillar of the Congolese economy. Indeed, revenues from mining represent approximately 1 billion USD in the state budget each year. Tenke Fungurume Mining, as one of the leading mining companies in the DRC, contributes significantly to this financial contribution.
Local civil society welcomes the social achievements of Tenke Fungurume Mining, recognizing the company’s positive impact on local communities. However, it also calls for intensified efforts to transform mining-affected areas, Tenke and Fungurume, and ensure a sustainable post-mining future.
The mining sector as a driving force of the Congolese economy
The mining sector occupies a preponderant place in the Congolese economy, being the main contributor to the state budget and generating significant export revenues. The performances of the 4 main mining companies in the DRC regularly place them among the best performing companies in Central Africa, according to a ranking by Jeune Afrique.
These companies therefore play a key role in the economic development of the country. Their financial contribution and social responsibility initiatives can have a significant impact on local communities, improving living conditions and promoting sustainable development.
The Kivu Innovation Fair to promote entrepreneurship
The Kivu Innovation Fair, which recently opened in Goma, aims to highlight innovations in entrepreneurship and stimulate the sector in the North Kivu region. This 2023 edition, placed under the theme of transformation in the digital age, offers a series of activities such as conferences, exhibitions and networking opportunities.
This initiative aims to encourage the emergence of new businesses and support local entrepreneurs in their growth. By promoting innovation and connecting players in the entrepreneurial ecosystem, the Kivu Innovation Fair contributes to strengthening the region’s economy and creating new job opportunities.
The Democratic Republic of Congo continues to face various socio-economic challenges, but the mining sector and entrepreneurship can play a vital role in the country’s transformation and development. By supporting responsible mining companies and encouraging entrepreneurial innovation, the DRC can create a more prosperous and sustainable future for its citizens.