Category: Ecology

The Democratic Republic of Congo (DRC) has enormous economic potential, but faces challenges such as lack of infrastructure, corruption and armed conflict. However, the country has a young and dynamic population as well as a strategic geographical position which offer promising prospects for sustainable economic growth. To achieve this, it is necessary to diversify the Congolese economy by developing non-extractive sectors such as agriculture and tourism, and by strengthening the rule of law and the fight against corruption. Massive investments in infrastructure and support for local entrepreneurship are also essential. By working together, government, private businesses and civil society can unlock the DRC’s economic potential and contribute to its socio-economic development.

The Democratic Republic of Congo (DRC) is organizing the “DRC Agribusiness Forum” to promote investments in agribusiness. This event aims to create a favorable environment for the development of the agricultural sector and present concrete investment opportunities. The objective is to mobilize the private sector to transform the DRC into an agricultural power. The forum will address topics such as international donor engagement, sustainable agriculture, operational opportunities and challenges, and the role of digital in agricultural development. The forum is an opportunity to promote exchanges and partnerships to stimulate the growth of the agricultural sector in the DRC. This is an essential step towards realizing the country’s agricultural potential and creating a more sustainable and resilient economy.

A recent article details the IMF mission in the Democratic Republic of Congo (DRC) for the review of the economic program. The IMF delegation, led by Calixte Ahokpossi, welcomed the progress made by the Congolese government and highlighted the significant progress since the start of the program. Several members of the Congolese government participated in the meeting, demonstrating their commitment to cooperation with the IMF. A three-year agreement was signed between the DRC and the IMF to support the country’s economic reforms. The next program review is scheduled for October.

In this article extract, we address the alarming debt of more than 36 billion Congolese Francs (CDF) accumulated by the national transport company in Congo (Transco). This debt is mainly due to charges left by the former management committees, despite the efforts of the current committee to increase revenues. A meeting between the Chairman of the Board of Directors of Transco and the Minister of Transport has highlighted the need for urgent government intervention to save the company. The Minister of Transport has pledged to find lasting solutions to save Transco, seeing the company as symbolic of national unity. This situation highlights the challenges facing public enterprises in the Democratic Republic of Congo and highlights the need for rigorous financial management and government intervention to ensure their survival. The Congolese government must take immediate action to resolve Transco’s debt and ensure the sustainability of the company to meet the needs of the Congolese population.

The General Directorate of Taxes of the DRC reminded taxpayers of the deadline for payment of IERE and VAT, set for September 15, 2023. This deadline raises concerns about the ability of companies to respect their tax obligations, taking into account of the current economic crisis. Some also criticize the opaque management of these taxes. The DGI emphasizes the importance of meeting these deadlines in order to finance the country’s development projects, and offers staggered payment plans for companies in difficulty. Despite the difficulties encountered, it is crucial to take these tax obligations into account and find suitable solutions to deal with them.

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The Forum Katanga Business Meeting was held in the DRC to discuss how to unlock the country’s economic potential. The government’s priorities include economic diversification, transforming wealth into sustainable assets and improving the business climate. The experience of the 2002 mining code was discussed, as well as the recommendations of the Minister of Foreign Affairs of Burundi to invest in security, create a favorable environment and develop the industry to transform raw materials on site. The United Nations Economic Commission also provided support in the DRC’s economic transformation process. Diversifying the economy, strengthening human capital and creating an enabling environment are essential to unlock the country’s economic potential and drive sustainable and equitable growth.

Barrick Gold Corporation (GOLD) continues to impress in the gold and copper market with its strong performance and promising organic growth. In the second quarter, gold production increased by 6% compared to the previous quarter and copper production saw a significant increase of 22%. These positive results are the result of improvements made at key mines and the expansion of the Pueblo Viejo gold mine plant. Barrick Gold is also increasing its commitment to safety and the environment by reducing its injury frequency rate and greenhouse gas emissions. This performance translates into increased operating cash flow and net profits. Barrick Gold thus positions itself as a leading company in the gold and copper industry, offering solid value and a long-term vision to investors.

The Forum Katanga Business Meeting (KBM) in the DRC brought together key players in the mining sector to discuss unlocking the country’s economic potential. The Congolese government’s priorities include economic diversification, resource transformation and improving the business climate. It is essential that mining partnerships are balanced and that the Congolese economy does not depend solely on mines. Recommendations include massive investments in security, anti-corruption and industry development. The United Nations Economic Commission provides technical support to promote economic diversification and exploit new growth sectors. By joining forces, the DRC will be able to fully realize its economic potential.