For the Congolese economy, inflation remains a major concern, as President Félix Tshisekedi highlighted during his State of the Nation address. Inflation, which exceeded expectations in the first half of the year, is particularly fueled by the increase in transport fares, resulting from the rationing of petroleum products, as well as by the increase in the prices of food and non-alcoholic beverages. In addition, the depreciation of the Congolese franc against the US dollar is aggravating the situation by increasing the cost of imports and accentuating inflationary pressure.
Faced with these challenges, the DRC government is implementing several measures aimed at stabilizing the economy and improving the purchasing power of citizens. By prioritizing local production, the government hopes to reduce dependence on imports and thus support the national economy. At the same time, efforts are being made to strengthen collaboration between the public and private sectors, in order to stimulate investment and create jobs.
In his speech, President Tshisekedi stressed the importance of diversifying the Congolese economy by focusing on key sectors such as agriculture and natural resources. This diversification would reduce the economy’s vulnerability to external shocks and promote more balanced and sustainable development.
In addition to combating inflation, the government must also address security challenges that directly impact the economy, particularly in conflict-ridden regions. Restoring peace is a prerequisite for economic development and promoting a favorable investment climate.
Reactions to this presidential speech are mixed. While some welcome the efforts made to combat inflation and support the national economy, others believe that bolder and more innovative measures are needed to address current economic challenges. A call for national unity was launched to mobilize the entire Congolese population around the country’s economic and security issues.
Ultimately, combating inflation in the DRC requires a robust and concerted approach, combining short-term measures to stabilize prices with long-term strategies to promote sustainable and inclusive economic growth. It is essential that all actors, whether political, economic or social, join forces to build a better future for the country.