The Katanga Business Meeting 2023 highlights the strategic role of the Lobito corridor for the diversified economic development of the DRC.


** Build our future: Analyze the challenges of Katanga Business Meeting 2023 **

The Katanga Business Meeting (KBM) opened its doors on May 14, 2023 in Kolwezi, bringing together economic, political and social actors around the theme “Build our future: focus on priority objectives”. Prime Minister Judith Suminwa marked the start of this event by a speech which underlines crucial issues for the Democratic Republic of Congo (DRC), in particular the ambitious project around the Lobito corridor.

### Lobito corridor: more than a transport line

In his speech, Suminwa highlighted the importance of this corridor which is not limited to a simple transport infrastructure. According to her, it represents a strong symbol of regional integration and an opportunity for the DRC to diversify its economic activities, particularly in the sectors of copper, cobalt and lithium. Indeed, these minerals are not only strategic for the Congolese economy, but also essential in the international market where demand continues to grow.

However, the promotion of these resources must be accompanied by a reflection on sustainability and management of socio-environmental impacts. This implies a fundamental question: how to guarantee that the exploitation of these resources benefits local communities, while respecting the environment? The answer to this question could determine the long -term viability of development projects in the DRC.

### The keys to economic transformation

Judith Suminwa spoke of several strategies to successfully transform the country’s economy, such as public-private partnerships and skills pooling. These approaches, if implemented in a inclusive way, could potentially strengthen national capacities and attract foreign investments.

However, these ambitious objectives require a reinforced political will and a real commitment from the government, as guaranteed in its recent commitments. Transparency, the protection of the rights of local communities and a clear legal framework become prerequisites to establish the confidence of investors and populations in order to create a conducive environment. What role can international institutions play in strengthening this framework?

### The role of women in building the future

A significant element of this first day was the reconnaissance by Suminwa of the strength and resilience of women in the DRC. The highlighting of women’s contributions in key sectors such as mines and technology testifies to awareness of the need to include all the actors in society in this development dynamic. Promoting a strong female leadership, as the Prime Minister pointed out, is not only a question of equity, but also a necessity for sustainable and inclusive economic growth. What support could be implemented to encourage this participation even more?

### to a collective future

The day ended with a strong symbolism, that of the cut of the ribbon, marking the launch of the work. However, it is advisable to question the means by which the exchangeable ideas and the commitments made within these discussions will be translated into concrete actions. Many challenges arise, and the collective commitment of the participants will be decisive to build the projected future.

The two to come and promise to be rich in reflections and constructive work. How can we ensure that these conversations do not simply lead to promises, but to tangible results for the Congolese population?

In conclusion, Katanga Business Meeting 2023 is positioned as a platform for opportunities. The way in which discussions will translate into concrete policies and sustainable development will be essential. To move forward, a lucid look at the challenges to be met, associated with thoughtful and collective responses, appear as the keys to build a better future in the Democratic Republic of Congo. This is where the issue lies: to build a common future in equity, transparency and sustainability.

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