Category: Ecology

The Congolese government takes an important step by submitting the draft 2024 budget to the National Assembly. Under the supervision of Prime Minister Sama Lukonde, this budget represents an estimated amount of more than 16 billion US dollars, an increase of 24.7% compared to the previous year. The budget’s priorities include strengthening defense, education, health, territorial development and modernization of public administration. This deposit demonstrates the desire of the Congolese government to promote the economic and social development of the country.

In this article extract, we examine the measures taken by the mayor of Matadi, Dominique Nkodia, to combat exchange rate speculation. By banning the display of the exchange rate in his jurisdiction, the mayor aims to prevent crooked currency traders and traders from manipulating the currency market. He thus wishes to leave the main role in determining the exchange rate to the Central Bank of Congo, in order to restore confidence in the monetary system. The mayor also provides sanctions to deter any speculative behavior. This measure aims to protect the interests of citizens and maintain economic stability in the region.

Prime Minister Jean-Michel Sama Lukonde tabled the 2024 draft budget for the Democratic Republic of Congo, estimated at 40,463 billion Congolese francs. This balanced budget represents an increase of 24% compared to the previous year. The government attaches particular importance to defense and health, in particular by emphasizing Universal Health Coverage and free primary education. Investments are also planned in the diversification of the economy, infrastructure and the modernization of public administration. The draft budget reflects national priorities and aims to meet the needs of the population and stimulate the country’s economic growth.

The recent International Monetary Fund (IMF) mission to the Democratic Republic of Congo (DRC) concluded with congratulations to the Sama Lukonde government for its progress. The IMF delegation underlined the importance of this mission in preparation for the 5th review of the program between the DRC and the IMF. The meeting with Prime Minister Jean-Michel Sama Lukonde highlighted the progress made since the start of the program and plans a final review next year to finalize the program. It should be remembered that the DRC has a three-year agreement with the IMF amounting to 1.52 billion US dollars. The IMF mission report highlights the efforts of the Congolese government to implement the agreed economic and financial program. It also provides an opportunity to strengthen collaboration between the DRC and the IMF. In conclusion, the IMF delegation was satisfied with the progress made and expressed confidence in the successful completion of the program. Implementing economic and financial reforms remains a challenge, and the DRC will need to continue to work closely with the IMF and other international partners to achieve its long-term development goals.

The Katanga Business Meeting (KBM), a multi-sector trade fair, is currently taking place in Lubumbashi in the Democratic Republic of Congo. This event aims to unlock the country’s economic potential to promote sustainable and equitable development. Participants discuss the diversification of the Congolese economy beyond the mining sector, in order to support other economic sectors and contribute to the country’s growth. National and international experts share their knowledge and perspectives to find innovative solutions and promote inclusive economic growth. This show offers a unique opportunity for the DRC to build a prosperous future by exploring new opportunities.

The temporary suspension of activities of Congo Airways, the only state airline in the Democratic Republic of Congo, is a decision taken due to maintenance problems with its fleet of only two operational aircraft. The company plans to lease two additional aircraft while awaiting the purchase of the necessary engines for its existing fleet and also plans to acquire eight new aircraft in the long term. This situation highlights the challenges of the aviation sector in the DRC and underlines the importance of Congo Airways for the economic development of the country.

In a recent press release, the PMVS announces its deployment in several airports in the Democratic Republic of Congo to assess the positive impact of the “Go Pass” tax on the rehabilitation of airport infrastructure. Field trips will take place to verify achievements and present concrete solutions. This initiative highlights the importance of transparency and accountability in airport management. Monitoring the results of these studies is essential to improve infrastructure and ensure an optimal travel experience for passengers.

The impressive construction of the Kinshasa Financial Center, financed by the Turkish government, is a symbol of cooperation between the Democratic Republic of Congo and Turkey. This $290 million project will include 6 buildings, a luxury hotel and a spectacular fountain. The site currently employs 3,000 people and is expected to reach a capacity of 5,000 workers. The Milvest company, responsible for the construction, is also building a Congress Hall and offices for rental. The Financial Center, once opened, will represent an important step for the economic development of the DRC and will strengthen relations with Turkey.

The Prime Minister of the Democratic Republic of Congo, Jean-Michel Sama Lukonde, presented the draft budget for 2024 to the National Assembly. This budget of 16.6 billion US dollars, an increase of 24.7%, emphasizes priorities such as defense, free education and maternity. It also provides resources for ongoing reforms, including economic diversification and infrastructure development. The draft budget was welcomed by the President of the National Assembly, Christophe Mboso, emphasizing its importance in meeting the expectations of the population and promoting the economic and social development of the country.