Category: Ecology

This article extract highlights the efforts made for an imminent resumption of activities of Congo Airways, the national airline of the Democratic Republic of Congo. Despite the management problems encountered by the company, solutions are being developed to guarantee its survival. The general director of Congo Airways has requested funds for the rental of two new planes to enable a rapid resumption of flights. The cessation of operations of the company has had a considerable impact on air transport in the country, highlighting the need to take urgent measures to support the company and restore its image. The resumption of Congo Airways activities is essential to meet the transport needs of the Congolese population and promote national pride.

This article extract highlights the current situation of Congo Airways, a Congolese airline which recently temporarily suspended its activities. The Prime Minister and the Minister of Transport met with the Director General of the company to find urgent solutions in order to quickly restart the company’s activities. The article also highlights the importance of Congo Airways in ensuring the travel and security of populations in the Democratic Republic of Congo. Concrete measures, such as the acquisition of two leased aircraft, are planned to improve the efficiency and reliability of the company’s services. The relaunch of Congo Airways is therefore a priority for the Congolese government in order to guarantee the continuity of air transport in the country.

The Congolese Prime Minister, Jean-Michel Sama Lukonde, tabled the finance bill for the 2024 financial year, with a budget estimated at 40.463 billion Congolese francs. This increase of 24.7% compared to the previous year demonstrates the government’s commitment to meeting the country’s priorities. Among these priorities are defense, health, agriculture, scientific research and improving the living conditions of civil servants. The objective is to move the Congo forward on the path of development and progress.

The renovation of the Nzolana road, supported by Sicomines, is a major project as part of the Sino-Congolese program aimed at opening up the commune of Ngaliema. With the progress of the work confirmed by the Minister of State for Infrastructure and Public Works, this renovation will improve travel conditions for local residents and stimulate economic development in the region. Thanks to cooperation between Sicomines and the Congolese government, this project demonstrates the commitment to the development of infrastructure in the DRC.

The Congolese Prime Minister, Jean-Michel Sama Lukonde, tabled the draft Finance Law 2024 in the Democratic Republic of Congo. This budget, estimated at 40,463 billion Congolese Francs, focuses on government priorities such as defense, education, health, economic reforms and infrastructure. The draft budget also provides for investments in the diversification of the economy and scientific research. This filing marks the government’s commitment to respecting the rules and promoting the well-being of the Congolese population. The National Assembly will now have to examine and adopt this draft budget to contribute to the sustainable development of the country.

The Kinshasa Financial Center, financed by the Turkish government, will be inaugurated on December 2, 2023. The project includes six buildings, including a luxury hotel, as well as a 3,000 m2 fountain, the largest in Central Africa. A Congress Hall and office blocks will also be built. The site, which currently employs more than 3,000 people, should eventually employ nearly 5,000. Milvest, owner of the project, will manage the Marriott hotel for 49 years before selling it to the Congolese state. The opening of the Financial Center will strengthen ties between the DRC and Turkey, provide new employment opportunities and contribute to the economic development of Kinshasa.

The Democratic Republic of Congo (DRC) borrowed more than 7.7 million USD on the local financial market, through the issuance of indexed Treasury Bonds, to settle its debt to the Central Bank of Congo. This approach aims to consolidate the finances of the Central Bank and diversify sources of financing. However, it is important to carefully monitor the management of this debt to ensure the financial stability of the country.

The Forum Katanga Business Meeting was recently held in Lubumbashi in the DRC, bringing together economic players and investors in the region to discuss a new coordinated and integrated economic policy. The event began with a trade fair allowing participants to discover investment opportunities in the region. Official speeches and discussion panels focused on the challenges and issues related to financing, access to capital, infrastructure and industrialization. The initiatives and reforms presented demonstrate the desire of local economic actors and institutions to promote the economic development of the region.

Remittances from African migrants reached a record level in 2022, even surpassing official development assistance and foreign direct investment on the continent. However, despite their impressive volume, these transfers contribute marginally to development due to the use of informal channels and high costs. Egypt is the country that has received the most funds from its diaspora, followed by Nigeria. To maximize their impact, it is essential to promote the use of formal channels and reduce transfer costs. This would allow migrant funds to play a greater role in wealth creation in Africa.