Category: Ecology

The Minister of State, Minister of Planning, Judith Suminwa Tuluka, recently visited companies benefiting from state exemptions in North Kivu. This visit aimed to evaluate the success of these companies and to show the impact of the incentive measures put in place by the Congolese government to encourage investment. The Minister visited three companies, including a photovoltaic power plant, a corn flour manufacturing factory and another corn flour manufacturing factory. The managers of these companies expressed their gratitude to the government for the exemptions granted, which allowed their companies to develop and contribute to the region’s economy. The Minister underlined the importance of Congolese entrepreneurship in the development of the country and recalled that the government will continue to support local entrepreneurs through incentive measures such as tax exemptions. This visit demonstrates the Congolese government’s commitment to supporting local entrepreneurship and promoting the country’s economic development.

Congo Airways, the only Congolese airline, announced the suspension of its activities due to problems with aircraft engines that had reached the end of their cycle. To restart operations, the company needs $33 million in funding to repair engines and buy a new used plane. With tax debts of nearly $30 million, relaunching Congo Airways is a major financial challenge. The company will need to find the necessary funds to resume operations in the near future.

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MIFA, Mutuelle Financière des Femmes Africaines, is an initiative that aims to economically empower women in North Kivu, in the Democratic Republic of Congo. This mutual offers financial solutions adapted to women entrepreneurs in the region, allowing them to access credit and develop their activities. Thanks to MIFA, women will be able to invest in their business, develop their offering and increase their income, which will have a positive impact on the local economy. This initiative represents a significant step forward in women’s economic empowerment and could serve as a model to encourage other similar actions in other regions of Africa and the world.

Summary (50 words): The Prime Minister of the DRC, Jean-Michel Sama Lukonde, pleaded for the establishment of an OHADA institution in the DRC during the 55th session of the Council of Ministers of this organization. He underlined the DRC’s commitment to the harmonization of business law in Africa and its desire to contribute to the economic development of the country.

In this article, we discover the key role of the General Inspectorate of Finance (IGF) in the management of the COBIL SA company. Since June 2023, the IGF has supported COBIL SA in its financial recovery and in the implementation of a good governance policy. The Chairman of the Board of Directors of COBIL SA expresses his gratitude to the IGF for the financial improvements already noted. For his part, the Inspector General of Finance underlines the importance of this collaboration to fight against embezzlement and financial embezzlement. This cooperation is part of the president’s desire to promote transparency and good governance in the management of public companies. With the IGF at its side, COBIL SA can implement transparent and effective practices, contributing to the economic development of the Democratic Republic of Congo.

The President of the Democratic Republic of Congo, Félix-Antoine Tshisekedi, emphasizes the importance of improving electrical energy supply to stimulate the country’s industrialization. It calls for the establishment of a preferential tariff for electrical energy in special economic zones (SEZs), as well as the creation of a Special Fund for financing SEZs. It also highlights the importance of portfolio company participation in SEZ projects and requests a report on the progress of the Kin Malebo Special Economic Zone. These measures aim to facilitate the creation of favorable conditions for the development of industry in the DRC.

In August 2023, revenues mobilized by the financial authorities of the DRC reached 1,003.4 billion Congolese francs, demonstrating good management of resources. However, despite these impressive figures, the government recorded a budget deficit of 1,854.2 billion Congolese Francs. It is therefore crucial to strengthen the mobilization of internal resources, diversify sources of income and fight against tax fraud to support economic development and stabilize the country’s financial situation.

In August 2023, the Government of the Democratic Republic of Congo spent 1,690.8 billion Congolese Francs, representing 86.1% of forecasts. These expenses include current expenditure, civil servant remuneration and subsidies. Mobilized revenue reached 1,198.5 billion Congolese Francs, or 90.4% of forecasts, thanks to the collection of tax and non-tax revenue. It is essential to manage these funds effectively to ensure their real impact on the development of the country.

In September 2023, mining products in the Democratic Republic of Congo (DRC) are experiencing surprising developments. Cobalt, an essential mineral for the energy transition, saw its price increase by 1.13% and reach USD 32,979.10 per tonne at the start of the month. This increase reflects the growing valorization of cobalt, used in the manufacture of batteries for electric vehicles and renewable energy sources.

However, the price of copper saw a slight decrease of 0.82% and stood at USD 8,405.10 per tonne at the end of August 2023. This decrease is due to the strength of the dollar and the indicators disappointing economic conditions in China, a major consumer of copper.

Despite this decline, copper remains a major player in the Congolese mining industry and plays a key role in many industrial applications. It is therefore important for the DRC to effectively manage its mineral resources in order to maximize profits.

Prices of mining products are subject to many factors and it is essential for the DRC to adapt to fluctuations in the international market. These developments also highlight the importance of diversifying the country’s economy and meeting changing global demands.