Portrait of Robert Malumba, new president of the FEC Board of Directors
The Congolese Business Federation (FEC) has elected Robert Malumba as the new president of its Board of Directors. This appointment marks an important turning point in the Congolese economic landscape, as the former president, Albert Yuma, leaves office after 18 years of service.
Robert Malumba is a successful businessman, who has built a solid reputation in the construction and public works sector. Recognized for his expertise and business acumen, he benefited from the support of numerous contributors to reach the head of the FEC. His election represents a clear sign of confidence on the part of the Congolese private sector.
The new president will have several challenges to face during his mandate. Among these is the improvement of the business climate in the Democratic Republic of Congo. Robert Malumba has already announced that he will put in place strategies aimed at promoting a more favorable environment for businesses. This is a major issue for attracting investors, both national and foreign.
The former president, Albert Yuma, leaves office with the feeling of duty accomplished. After 18 years at the head of Congolese employers, he believes he deserves a well-deserved retirement. He also underlines that the challenge of improving the business climate remains the same and that the FEC is a privileged interlocutor of the Congolese government, even if it is not always considered as such.
However, it is important to note that the former president is facing legal proceedings, with a ban on leaving the country and the freezing of his assets. An investigation is underway into alleged cases of embezzlement within Gecamines, the state’s main mining company, of which Albert Yuma was president. This complex situation adds an additional dimension to the transition within the FEC.
In conclusion, the appointment of Robert Malumba as new president of the FEC opens a new era for the Congolese employers’ organization. His expertise and commitment to improving the business climate in the DRC will be important assets for the country’s economic development. The transition of power is not without difficulties, however, with the ongoing legal cases concerning the former president. The future of the FEC therefore looks different, but with challenges to overcome and opportunities to seize.