In a constantly evolving economic context, small businesses in the city center of Butembo in Congo find themselves faced with a major problem: the exorbitant rental price of their commercial spaces. The Small Business Professional Network, member of the National Federation of Artisans, Small and Medium Enterprises of Congo (FENAPEC), is sounding the alarm in the face of this worrying situation.
In the past, shops, stores and depots were rented at reasonable prices, ranging between 300 and 600 USD per year. However, these rates have skyrocketed to sums of up to USD 4,000 per year, plunging many small traders into financial turmoil.
Kakule Kahindo, president of the Small Business Professional Network, points to this dizzying increase in rents as being the main cause of the bankruptcy of certain traders. With limited capital, it is becoming increasingly difficult for these economic actors to keep their businesses afloat.
Faced with this critical situation, Kakule Kahindo calls for the intervention of the governor of North Kivu to find viable and lasting solutions. It is essential that measures be taken to preserve the vitality of the local commercial fabric and guarantee the sustainability of small businesses.
This issue raises an essential reflection on the fragile balance that exists between economic development and the preservation of small businesses. It is imperative that the competent authorities take these issues into consideration to preserve the diversity and richness of Butembo’s commercial fabric.
In conclusion, it is essential to find concerted and lasting solutions to respond to this urgent problem. Dialogue between local stakeholders and authorities is essential to ensure a prosperous future for the city’s small businesses and guarantee their contribution to the local economy.