**New historic agreement for economic development in the DRC**
A crucial event recently took place in the heart of the Democratic Republic of Congo, marking a significant step forward for the country’s economic sector. Indeed, the Special Economic Zones Agency (AZES) and the Insurance Regulatory and Control Authority (ARCA) officially signed a memorandum of understanding on Thursday, November 21, 2024. This strategic agreement aims to open up new perspectives for companies operating within the Maluku Special Economic Zone (SEZ), by allowing them to subscribe to the various insurance policies offered by local insurance companies in the DRC.
The signing ceremony took place at the AZES headquarters, located in the commune of Gombe. Auguy Bolanda Menga, Director General of AZES, and Alain Kaninda, Director General of ARCA, sealed this major agreement which aims to strengthen collaboration between the two regulatory bodies. The objective is to raise awareness and encourage companies operating in SEZs to subscribe to the insurance offered by the sector’s players in the DRC.
In his speech at the ceremony, Auguy Bolanda stressed the importance of this collaboration and called for strict compliance with the legislation in force. In particular, he stressed AZES’s support for SEZ companies to engage with Congolese insurance companies. For his part, Alain Kaninda highlighted the joint commitment to promote investment attractiveness and improve the business climate in the DRC, in line with the vision of President Félix-Antoine Tshisekedi.
The signing of this memorandum of understanding between AZES and ARCA is seen as a strong signal in favor of economic development and job creation in the DRC. This collaboration aims to promote the development of companies in SEZs and contribute to the country’s economic growth. Both parties are committed to working together and conducting regular assessments to ensure effective implementation of this promising agreement.
In conclusion, this collaboration between AZES and ARCA opens new perspectives for the insurance sector in the Democratic Republic of Congo and strengthens the dynamism of companies operating in the SEZs. This historic agreement is part of a global approach aimed at stimulating investment, promoting economic growth and ensuring a favorable business environment in the DRC.
**Source: Fatshimetrie**