Category: Ecology

The suspension of national Congo Airways flights has had a significant impact on air transport in the DRC. The company expressed its urgent need for two leased aircraft to resume operations. This request was presented to the Prime Minister during a meeting with the general director of Congo Airways. The suspension of flights has reduced travel options between major cities and it is crucial to find a rapid solution to restore air connectivity in the DRC. The acquisition of two rental aircraft would be an essential measure to ensure the continuity of flights and improve safety. Hopefully the company and the authorities will quickly find a solution.

The Congolese government presented the draft Finance Law 2024, amounting to 40.463 billion Congolese francs. The government’s main priorities are Defense, Education and Health. Additional resources will be allocated to Defense to meet the sector’s expectations. The policy of free education will continue to be supported, as will universal health coverage, with resources allocated to maternity and post-partum follow-up. The government also places emphasis on continuing reforms and diversifying the economy through support for agriculture, fishing and livestock breeding. Finally, funding for scientific research will be increased to promote national production. The draft Finance Law 2024 demonstrates the government’s desire to develop the country and meet the expectations of the population.

The construction of the first financial center in the Democratic Republic of Congo is progressing rapidly, reaching 70% completion in just 11 months. This modern architectural complex located in Kinshasa will house various financial institutions as well as offices, conference rooms and green spaces. The project, pre-financed by the Turkish government, has created numerous jobs and will contribute to the country’s infrastructural development. By working closely with foreign companies, the DRC is positioning itself as a major economic hub in Africa, offering new opportunities for the Congolese people.

The article highlights the budgetary challenges facing the Democratic Republic of Congo, with an increase in revenue expected but a drop in revenue observed in 2023. The depreciation of the Congolese franc and inflation played a leading role in this situation. , impacting budget execution and making it difficult to achieve set objectives. In addition, the increase in public debt raises concerns about its management and long-term sustainability. In conclusion, it is essential that the government takes measures to improve public financial management and find sustainable solutions to face these economic challenges.

The Congolese Prime Minister, Jean-Michel Sama Lukonde, submitted the draft Finance Law 2024 to the National Assembly. This budget, estimated at 40,463 billion Congolese Francs, represents an increase of 24.7% compared to the previous year. The main priorities of this budget are Defense, Education and Health, as well as the continuation of reforms and the diversification of the economy. This deposit was welcomed by the President of the National Assembly and demonstrates the government’s desire to respect the Constitution and respond to the needs of the population.

Cooperation between the Democratic Republic of Congo (DRC) and Turkey is taking shape with the upcoming inauguration of the Kinshasa Financial Center, an ambitious project financed by the Turkish government to the tune of $290 million. This center will include buildings, a luxury hotel and a spectacular fountain, and will demonstrate the desire of the two countries to strengthen their relations and stimulate economic development in the region. The construction of this center has already created nearly 3,000 jobs, providing employment and training opportunities for the residents of Kinshasa. The management of the Marriott hotel, an integral part of the center, will be carried out by the Turkish company Milvest for 49 years, thus helping to enhance the company’s investment of more than $60 million in the project. The imminent inauguration of this center marks an important milestone in cooperation between the DRC and Turkey, symbolizing a promising future for both countries.

The Forum Katanga Business Meeting (KBM) is an annual event that brings together businesses from Haut-Katanga in the Democratic Republic of Congo to discuss the definition of a new coordinated and integrated economic policy. Participants discuss topics such as financing, infrastructure and local entrepreneurship. Representatives of public and private institutions, as well as managers of financial institutions, present their solutions and experiences to support economic development. Participants also examine the potential of special economic zones to boost economic growth. The KBM plays a crucial role in promoting local entrepreneurship, job creation and sustainable economic development.

Canadian company Tantalex Lithium Resources and Swiss mining company Glencore have entered into a memorandum of understanding to finance the lithium tailings project in Manono, DRC. Glencore will finance part of the project in exchange for the right to purchase and market the lithium produced. The total estimated amount for the project is $150 million, with Glencore’s investment of approximately $55 million. This collaboration demonstrates the growing interest in Congolese lithium due to growing demand in the battery and electric mobility sector. The Manono Lithium Tailings Project will contribute to a circular and sustainable economy by recycling mining tailings containing lithium. This collaboration opens new economic prospects for the DRC and promotes the development of the lithium industry.

The Kinshasa Financial Center, the result of cooperation between the DRC and Turkey, is under construction and progressing quickly. Made up of 6 buildings, including twin towers and a 5-star hotel, this ambitious project aims to create a modern complex housing financial institutions and public utility offices. The total cost of the work amounts to $290 million and is entirely financed by the Turkish company Milvest. In addition to generating jobs, this project will contribute to the economic development of Kinshasa by attracting new businesses. In addition, it will have an aesthetic impact on the city thanks to the development of a fountain and landscaped spaces. The inauguration is scheduled for December 2.

The submission of the 2024 draft budget in the Democratic Republic of Congo announces significant funding for the country’s key sectors. Defense will benefit from an increase in resources, while education and health will be prioritized. The government also seeks to diversify the economy by investing in agriculture, fishing, livestock and industry. Rural development and the modernization of public administration are also among the priorities. This budget demonstrates the government’s commitment to transparent and efficient management of public resources. Its rapid adoption will allow rapid implementation of projects and initiatives beneficial to the Congolese population.