Category: Ecology

The Kinshasa Financial Center is a large-scale project in the Democratic Republic of Congo (DRC) which is currently taking shape. This urban complex, the result of cooperation between the DRC and Turkey, is under construction and should be inaugurated on December 2. With an execution rate of nearly 75% and a team of more than 3,000 workers, this project demonstrates the commitment of the two countries. The Kinshasa Financial Center comprises six buildings, including twin towers housing public offices, a 5-star hotel, a conference hall and residential buildings. With a total cost of $290 million supported by the Turkish firm Milvest, this project aims to stimulate the economy and create jobs in the DRC. In fact, more than 3,000 jobs have been created and part of the income generated by this complex will contribute to the development of the country. The Kinshasa Financial Center is therefore a symbol of urban development and economic growth in the DRC, which will also strengthen the image of Kinshasa as a regional financial center.

The partnership between Tantalex Lithium Resources and Glencore opens new perspectives for the Congolese mining industry in the lithium sector. Glencore will finance part of the Manono lithium tailings project in the Democratic Republic of Congo, and in exchange, will obtain the right to purchase and market the lithium produced. This $55 million in funding will help accelerate the development of the project, create jobs and stimulate the local economy. However, it is essential to ensure that exploitation is carried out responsibly, respecting the environment and the rights of local communities. The DRC has a key role to play in the global lithium market, with its significant reserves of this precious resource.

The Forum Katanga Business Meeting (KBM) is held in Lubumbashi, bringing together companies from different sectors of Haut-Katanga. The theme of this edition is “Defining a new coordinated and integrated economic policy”. The discussions covered topics such as the economy, infrastructure and development. Speakers shared their experiences and reflected on how to create an effective new economic policy. The creation of special economic zones has been put forward as a solution to stimulate the economy and promote local transformation. The KBM brings together economic players in the region, shares knowledge and strengthens collaboration with a view to sustainable development.

The Congolese Government borrows more than 7.7 million USD on the local financial market on behalf of the Central Bank of Congo. This operation aims to securitize the BCC’s claim on the Public Treasury, which will stabilize the finances of the Central Bank. This issue of Treasury Bonds demonstrates the efforts of the Congolese Government to manage its debt and ensure the financial stability of the country.

Discover the article on the Kinshasa Financial Center project, the result of cooperation between the Democratic Republic of Congo and Turkey. The project, financed to the tune of $290 million, includes the construction of 6 buildings, including a luxury hotel and a spectacular fountain. Employing nearly 3,000 people, the Financial Center will host the Ministries of Finance and Budget, thus becoming a major economic hub. The inauguration of this project, scheduled for December 2, 2023, marks a new stage in relations between the two countries and in the development of Kinshasa.

Milvest, a subsidiary of Miller Holding, is investing $1.2 billion in the construction of the new N’djili airport in Kinshasa, DRC. Using the BOT model, Milvest will finance, design and operate the airport for 29 years. This major project aims to modernize infrastructure in the DRC and strengthen its attractiveness. It will also help stimulate the economy, facilitate international trade and position the country as a central hub in Africa. Other investments, such as the ARENA complex and the modernization of FIKIN, are also planned.

The Katanga Business Meeting (KBM) economic forum in the Democratic Republic of Congo (DRC) recently highlighted the mining company Tenke Fungurume Mining (TFM). With a strong presence during this major event, TFM demonstrated its commitment to sustainable and equitable development in the DRC. The company implements social responsibility programs to support local communities, ranging from the construction of a hospital to initiatives to strengthen the capacities of women’s associations. TFM’s active participation in the KBM underlines the importance of the mining sector in the Congolese economy and highlights the efforts of companies to contribute to the development of local communities.

During the 55th session of the OHADA Council of Ministers, the Prime Minister of DR Congo pleaded in favor of the establishment of an institution of the organization in the country. He underlined the importance of OHADA in the economic prosperity of Africa. Despite the challenges facing the country, the Prime Minister expressed DR Congo’s unwavering support for OHADA and its desire to ensure legal stability in the region. OHADA plays an essential role in promoting transparency and legal stability in Africa.

In August 2023, the inflation rate in the Democratic Republic of Congo (DRC) increased slightly, mainly due to rising prices of food and non-alcoholic beverages. Although the prices of goods and services remain generally stable, this reality masks a worrying situation for the Congolese population. Indeed, this growing inflation directly impacts the purchasing power of households, who must face growing financial difficulties. It is therefore essential that the Congolese authorities take measures to combat this rise in prices and guarantee the economic stability of the country. Effective and sustainable economic policies are needed to improve the living conditions of citizens and promote a more stable economic future in the DRC.

The financial authorities of the DRC exceeded revenue forecasts by mobilizing 1,198.5 billion Congolese francs in August 2023. Tax revenue played a major role in this performance, with the DGI and the DGDA respectively recovering 589 .3 billion and 414.1 billion Congolese Francs. Non-tax revenues generated by the DGRAD reached 195.1 billion Congolese Francs. However, there remains a challenge in terms of expense management. Improving revenue collection mechanisms, transparency and accountability in public finance management are necessary to consolidate the country’s financial resources.